Republican Gov.-elect Bill Haslam has named insurance regulatory attorney Julie McPeak to oversee the Tennessee Department of Commerce and Insurance. The department includes the Consumer Affairs, Insurance, Securities, TennCare Oversight, Fire Prevention and Regulatory Board divisions. McPeak succeeds Leslie Newman. …
North Carolina insurers are looking to raise rates from 7 percent to 25 percent, or an average 20.9 percent statewide, for 2011 on dwelling fire and extended coverage policies. If approved the higher rates would affect about 570,000 policyholders, with …
The Griffith Insurance Education Foundation recently brought together industry, government and academic leaders — many from disaster-prone coastal states such as California, Florida, Louisiana and Mississippi for a symposium at Ohio State University. By the end of symposium, which was …
A White House panel probing BP’s massive oil spill has called for an overhaul of a regulatory system that was “entirely unprepared” for disaster and outlined stringent, new oversight, a plan sure to face opposition from Republicans reluctant to expand …
National wholesale broker USG Insurance Services, Inc. has added Jason Holloman as a property broker specializing in large commercial and catastrophe-exposed risks. He will be based in USG’s office outside Atlanta. Holloman most recently held a position as a wholesale …
River forecasters for the National Weather Service underestimated the flood level that a major river would reach during Nashville’s fatal May floods because they relied on inaccurate data from the U.S. Army Corps of Engineers, the service said in a …
U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. Floods in Southern …
A judge has granted class-action status to plaintiffs suing the Beacon Mutual Insurance Co. for inequitably distributing $101 million in dividends among policy holders. Judge Michael Silverstein said in his ruling that Beacon Mutual “engaged in a systematic scheme to …
Malaysia’s navy was holding seven Somali pirates Saturday who were apprehended in the second dramatic commando raid within hours on ships seized near the African coast, authorities said. The operations gave both Malaysia and South Korea dramatic successes in the …
A vast lake created by floodwaters will spread across southeastern Australia and threaten rural towns in its path for up to 10 more days, an official said Saturday as the nation’s flood crisis continued to create havoc and destruction. The …
