Record widespread flooding across the Midwest has once again highlighted the catastrophic damages that flooding can cause. Yet a survey conducted for the Insurance Information Institute (I.I.I.) reveals that only 17 percent of Americans have a flood insurance policy. The …
Dayton-Ohio-based Norman-Spencer Agency, Inc. today announced Mark Yearn has joined the company as national program director-Recreational Marine. He will oversee Norman-Spencer’s H2O Headings Program, which serves boat dealers and marina operators across the country. Yearn, a respected marine insurance expert, …
Karen Walker has been promoted to associate director of Transportation for Houston-based managing general agent and insurance wholesaler Myron Steves. The company said Walker achieved excellent results while managing its Dallas Business Development Center and will continue in this role. …
Eight years after a 3-year-old girl died from exposure to tainted meat at a Sizzler restaurant, her family reached a $13.5 million settlement with the company’s meat supplier and others, according to court records. The settlement is among the largest …
In more than four decades of farming, Texas cotton producer Rickey Bearden says he’s never seen an early growing season like this one. In the past month, the South Plains — the world’s largest contiguous cotton patch — has endured …
American Underwriting Managers (AUM), a managing general agency and surplus lines broker with offices in North and South Texas, added Ken Fisher as a contract underwriter/broker in its Southlake office. Fisher has more than 25 years of insurance industry experience. …
Michigan Gov. Jennifer Granholm, as expected, has vetoed a bill that would have let motorcyclists ride without helmets in Michigan. She announced the veto Friday. Granholm vetoed a similar bill in 2006. The latest legislation had some differences from the …
The Task Force on Citizens Property Insurance Claims Handling and Resolution, created during the 2007 Legislative Special Session, issued its third and final report. In addition to the June 11 submission, the task force will release a supplemental report, sometime …
Recent flooding that swamped parts of the Midwest, including Indiana, Wisconsin and Iowa, caught many property owners unprotected. Only 1 percent of all Indiana homeowners have flood insurance. Wisconsin reports even less than that. People generally pass on federally backed …
The federal Mine Safety and Health Administration is taking a stab at requiring airtight emergency refuges in the nation’s 624 underground coal mines. Mine operators can either store building materials underground, build airtight rooms, or place prefabricated refuges in the …
