Yearly Archives: <span>2007</span>

Power Returns Slowly in Okla.; Losses from Storm Could Rise to $35M

The lights are going back on slowly in Oklahoma after a massive ice storm, the insured losses from which could reach $35 million, an insurance industry trade group said. “Insurance claims from ice damage are often slow in coming in …

N.C.-Based BB&T Insurance Services to Acquire Georgia Agency

BB&T Insurance Services announced plans to expand its metro Atlanta operation with the acquisition of Ott & Co. of Alpharetta, Ga. Founded in 1978, Ott & Company is a full-service employee benefits brokerage providing medical and dental benefits, life insurance, …

Texas Insurance Professionals Honored by Utica National

Texas Insurance Professionals recently received the Outstanding Sales Achievement Award from the Utica National Insurance Group. Utica Special Programs Vice President/Director Curtis Pearsall praised Mark Solomon Jr., of All Auto Insurance Agency Inc. in Richardson and a TIP Board member, …

Mass. Attorney General Says Auto Rates Higher Under Competition

Massachusetts Attorney General Martha Coakley says the state’s new managed competition auto insurance system is not lowering average rates for 2008 below what they would have been under the old system where the state set all rates. In another in …

OSHA Suggests Safety Training for Drama Students At Yale

OSHA, the federal worker safety agency, is suggesting that Yale University provide safety training to students following an accident that killed a drama student. The Occupational Safety and Health Administration does not have jurisdiction over the accident that killed 26-year-old …

Workers’ Comp Official Memo: Cooperation with Probe Optional

Employees at North Dakota’s workers’ compensation agency don’t have to cooperate with a Highway Patrol investigation into possible violations of the state’s whistleblower protection laws, the agency’s administrator says. The patrol is investigating whether Workforce Safety and Insurance officials broke …

N.C. Building Council Declines Proposal on Sprinklers in Some Homes

The North Carolina Building Code Council declined to consider a request that sprinkler systems be required in new large or multistory homes, a setback for firefighters who sought the change following an October beach house fire that killed seven college …

N.C. Could Face $43 Million Shortfall in Insurance Plan

North Carolina might be looking at a $43 million shortfall with a children’s health insurance program next fall if Congress doesn’t resolve a stalemate. Congress and President Bush have been at odds over expanding insurance coverage for low-income children. Each …

Fla. Insurance Consumer Advocate Now to Head Investment Fund

Florida chose an interim director for the agency that invests local government money, hoping to restore confidence in a state fund that saw nearly half its assets withdrawn by investors panicking over mortgage-backed securities. The trustees for The State Board …

Ohio FirstEnergy Drops $200 Million Insurance Claim for Acid Leak

FirstEnergy Corp. has dropped its $200 million insurance claim for damage from an acid leak to the old cap that covered the reactor at the Davis-Besse Nuclear Power Station, a company spokesman said Tuesday. The Akron-based, investor-owned utility had been …