Virginia News

Price Optimization Allegations Challenged, NAIC Investigating Practice

Reaction to industry-wide price optimization allegations from a consumer group known to call out insurers has been somewhat critical yet guarded – however it appears regulators may already be starting to look into the practice. Consumer Federation of America this week …

Atlas General Insurance Services, LLC, Hires Clark Lawrence as Vice President of Marketing, Eastern Region

San Diego, CA, December 9, 2014– Atlas General Insurance Services, LLC, a national multi-line program manager, welcomes Clark Lawrence as the new vice president of marketing for the eastern region. In his new role, Lawrence will be responsible for developing …

Thousands to Get Damages in Chinese Drywall Suit, Louisiana Judge Says

A federal judge in Louisiana has ruled that nearly 4,000 homeowners who say Chinese drywall ruined their homes are eligible to share any further damages he may award in lawsuits against Taishan Gypsum Co. Ltd., a government-owned manufacturer that failed …

GEICO Lowers Commercial Auto Rates in Virginia

GEICO is introducing lower rates in Virginia for commercial auto insurance customers, including contractors, retailers, caterers, professional services and other businesses. Small business owners in particular need commercial vehicle insurance packages to cover their cars, trucks and vans used on …

Trucking Company Owner Pleads Guilty in Missouri to Cargo Theft Scheme

A Memphis, Tenn., business owner pleaded guilty in federal court to his role in a cargo theft scheme that included a theft in West Plains, Mo. Tammy Dickinson, United States Attorney for the Western District of Missouri, announced that Earl …

All Risks Taps Julien as California Workers’ Comp Underwriter

Danielle Julien has been hired by wholesaler All Risks Ltd. as a workers’ compensation brokerage underwriter located in San Diego, Calif. Julien will write workers’ compensation business with retail agents in California, Arizona and Nevada. Julien has eight years of …

Federal Appeals Court: U.S. Has Jurisdiction in Chinese Drywall Suits

U.S. courts have jurisdiction over claims that a Chinese drywall company’s defective product wrecked homes, and a company that failed to show up in court must pay $2.7 million for damage to seven Virginia couples, a federal appeals court in …

Va. Court: Chinese Drywall Damage Excluded From Homeowners Policy

The Virginia Supreme Court ruled last week that home damages that were allegedly caused by Chinese drywall are excluded from TravCo Insurance Co.’s “all risk” homeowners insurance policy. TravCo Insurance is part of The Travelers Companies. The Virginia Supreme Court’s …

Virginia to Start Licensing, Regulating Public Adjusters in 2013

Virginia regulators announced that beginning Jan. 1, 2013, all individuals and business entities doing business in the state as a public adjuster must be licensed by the State Corporation Commission. Virginia will now become the 45th state to license public …

Rebuilding of Quake-Damaged Virginia School to Begin

Louisa County, Va., officials are preparing to break ground for a new elementary school that will replace one severely damaged by the 2011 earthquake. The Richmond Times-Dispatch says the groundbreaking ceremony for the new Thomas Jefferson Elementary School is scheduled …