Monthly Archives: <span>August 2011</span>

Ealy In, Young Out as President at Allstate’s Encompass

Allstate Insurance Co. said Thomas V. Ealy will become president of its independent agency unit, Encompass Insurance, on Sept. 12. Ealy will replace Cynthia Young, president since 2006, who has left the company. Encompass, which sells home and auto policies …

Idaho Cities Consider Going Self-Insured for Employees

Leaders from at least 40 Idaho cities are considering a plan to offset the rising cost of health insurance by becoming self-insured by the end of the year. Under such a system, city health benefits would be paid for by …

Colorado Jostled with Earthquake Aftershocks

Colorado has been jostled with 13 aftershocks after Monday night’s magnitude-5.3 earthquake struck just hours before a magnitude-5.8 temblor hit Virginia, earthquake monitors said Wednesday. Geophysicist Amy Vaughan of the U.S. Geological Survey’s National Earthquake Information Center in Golden, Colo., …

How to Reduce Roof Leak Damage Caused by Hurricanes

Wind-driven water like that occurring during Hurricane Irene penetrates openings in residential roofs but roof deck seams can be sealed to reduce any damage, according to tests by an insurance home safety institute. The Insurance Institute for Business & Home …

AIC Holdings Appoints Purdy President, CEO of Underwriters

AIC Holdings appointed Robert G. Purdy to president and CEO of AIC Underwriters, based in Philadelphia, PA. Purdy will be responsible for leading the underwriting, marketing and operations strategies for the AIC Underwriters’ middle market workers’ compensations business, including the …

North Carolina Property Insurance Surcharges Unlikely After Irene

Every property owner in North Carolina has a financial stake in the damage risk posed by Hurricane Irene, which could become the first to hit the state since a new method of paying for coastal storm damage allowed for reaching …

Hurricane Irene a Test for North Carolina Island Evacuation Plan

With Hurricane Irene approaching, evacuations began on a tiny barrier island off North Carolina early Wednesday in what would be a test of whether people in the crosshairs of what could be the first major storm in years along the …

Michigan Lets Drivers Renew Licenses Online Close to Expiration

A new state policy will let Michigan drivers renew their vehicle registrations online through their birthdays even if they do it close to the expiration. The Michigan Secretary of State’s office said it used to warn motorists against renewing online …

Earthquake Insurance Premiums by State

An East Coast earthquake? Suffering damage from a seismic shift isn’t a risk many homeowners outside of California worry about. Most standard homeowners, renters and business insurance policies do not cover damage from earthquakes — specifically, the potential losses from …

Is It Time to Consider Earthquake Insurance?

Earthquakes and California go together. Or at least that’s what most of the country thought until Tuesday’s East Coast earthquake centered in Virginia. Reports of the earth moving were widespread, coming from New York, Massachusetts, Vermont, and Georgia. Even a …