Monthly Archives: <span>August 2010</span>

Republican Candidates for Georgia Insurance Post Face August Runoff

State Sen. Ralph Hudgens garnered about 21 percent of the vote while Atlanta attorney Maria Sheffield grabbed about 20 percent, setting the stage for an Aug. 20 runoff in the Republican race for Georgia insurance commissioner. Georgia requires a candidate …

People

MarketScout Wholesale (MSW) has expanded operations opening a new location in Tampa, Florida. Greg Lyons joined MSW to lead Florida operations as a senior broker. Prior to joining MSW, Lyons was a property broker with Appalachian Underwriters and CRC Insurance …

Army Corps Claims Actions Reduced Tennessee Flooding in May

The U.S. Army Corps of Engineers has concluded its actions during the May floods reduced the Cumberland River’s flood crest in Nashville by 5 feet, but the agency suffered numerous communications problems during the crisis, according to a report. The …

West Virginia Firefighters Threaten to Strike Over Liability Insurance

Volunteer firefighters in West Virginia are threatening to stop answering calls if the Legislature doesn’t exempt their supervisors from liability for injuries to firefighters. West Virginia law states that a firefighter or any employee injured in the line of duty …

Declarations

No Answers “I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for money. It’s not that. I just don’t think they know the answers to the questions (by claimants).” —Kenneth Feinberg, …

It Figures

Katrina 5 Years Later According to a new white paper from the Insurance Information Institute on the five-year anniversary of Hurricane Katrina, which made landfall in Louisiana on Aug. 29, 2005: $41.1 Billion The amount that private sector insurers paid …

Workaholism

I was reviewing this year’s Top 100 Independent Agencies and thinking about the individual commitment that it takes to build agencies like these when I came across research about workaholics. Work nearly destroyed Bryan Robinson’s life. Nearly 20 years later, …

Upside of the Downside: P/C Brokers Serve Distressed Property Market

The vacant and distressed property segment has been a beacon of light for insurers and brokers as the economy has forced the closure of businesses and halted construction projects, resulting in a number of vacant buildings across the country. The …

Ohio Auto, Homeowners Insurance Rates Increase in 2009 The average rates for the top 10 homeowners insurance providers in Ohio increased by 9.7 percent in 2009, according to the Ohio Department of Insurance. The average rates for the state’s top …

Declarations

Low Seismicity “North Dakota is one of the lower seismicity areas of the country.” —Bob Woodward, a project director with The National Science Foundation’s EarthScope project in Washington, D.C., commenting on the lack of seismic activity in North Dakota so …