Monthly Archives: <span>March 2008</span>

People

McQueary Henry Bowles Troy hired Jimmy Balagia as senior vice president in the firm’s property and casualty group in Austin. Balagia has 30 years of experience as a property and casualty broker/consultant and outsourced risk manager. Prior to joining MHBT, …

W.R. Berkley: Smart Enough to Know Where to Succeed

40 years of success based on pursuing diversity, maintaining decentralization and making the tough decisions The founder of one of the most successful insurance companies went into insurance because he thought it would be easier than competing in the investment …

No Smoke: Elderly, Disabled Win in Boy Scout’s Quest for Eagle Award

Fourteen-year-old Buck John of Jefferson, Texas, wants to earn his Eagle Scout award and do something good for his community. His letter to Texas State Fire Marshal Paul Maldonado may help him accomplish both. Buck’s goal is to install smoke …

Making Up Your Mind

For those that really do want to perpetuate, it can be done, Wepler says, and the hard work is worth it. For many independent agency owners, the last thing they want to see happen to their agency when they are …

‘Fire Safe’ Cigarette Bill Passes Oklahoma House

Legislation designed to help reduce the number of fires caused by cigarettes, House Bill 3341 by state Rep. Mike Thompson and state Sen. Don Barrington, passed the Oklahoma House of Representatives on a 97-0 vote. It was sent to the …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Blanket Accident Insurance Nuts & Bolts: Francis L. Dean & Associates of Illinois is offering …

First Auto Policy Sold 110 Years Ago Today

Feb. 27, 2008, marked a significant anniversary in the history of insurance: 110 years since the first auto insurance policy. That policy was sold in 1898 by Traveler’s Insurance Co. to Dr. Truman Martin of Buffalo, N.Y., according to the …

Declarations

Long-Term Vision Needed “The nation needs to develop a new long-term vision for its highway system that would include improving conditions and safety and reducing traffic congestion.” —William M. Wilkins, executive director of TRIP, a national transportation research group. A …

Fla. Senate Calls for Restricting Reinsurance Pass-Along

A special committee appointed by the Florida Senate has recommended that the state restrict what reinsurance costs insurers can include in their rates and strengthen the excess profit law. Those are two recommendations from a special Senate panel appointed by …

Florida Amends Citizens’ Take-out Rules

Florida Insurance Commissioner Kevin McCarty has approved rules for insurers taking policies out of Citizens Property Insurance Corp. They include requiring Citizens to notify policyholders whose agents have refused to allow their policies to be removed from Citizens. The rules …