Yearly Archives: <span>2012</span>

William Gallagher Exec Joins First Niagara Risk Management in New York

First Niagara Risk Management, the Buffalo, N.Y.-based insurance brokerage subsidiary of First Niagara Bank, appointed Kirk Jensen as managing director and senior executive. Jensen’s 25-year career in the insurance brokerage industry spans a variety of organizations, with a particular emphasis …

Duration, Severity Drive Workers’ Comp Claims Costs in Louisiana

Louisiana Workers’ Compensation Corp. (LWCC) was created by the state legislature in 1991 in an effort to stabilize and revitalize the state’s workers’ compensation. Today, the private nonprofit mutual insurance company has around 17,000 policyholders and is the largest workers’ …

Clinton Joins Michigan’s Fremont Insurance

Fremont Insurance, a Michigan-exclusive property and casualty insurance carrier with headquarters in Fremont, Mich., has hired Christopher Clinton as a vice president of Commercial Lines and Product Development. Experienced in agency management, sales and marketing, Clinton brings more than 26 …

Experts: Oklahoma, not Texas, Had Hottest Summer Ever

Oklahoma and Texas have argued for years about which has the best college football team, whose oil fields produce better crude, even where the state border should run. But in a hot, sticky dispute that no one wants to win, …

Many in Tornado Alley Still Rely on Warning Sirens

Warnings sent directly to cell phones and broadcast over the airwaves can provide a detailed heads-up before dangerous storms. But for many parts of Tornado Alley, storm sirens remain so ubiquitous that one official says the pole they sit on …

Florida’s Citizens Hears Depopulation Ideas

When the question is how to shrink Florida’s state-backed home insurer, answers from insurance agents, insurer executives, state lawmakers, and others come down to increasing rates and shifting more policies to the private market. Citizens Property Insurance Corp. held a …

Officials: New Orleans Ready for Hurricanes

The Army Corps of Engineers — responsible for the massive rebuilding of hurricane protection after the devastation of Hurricane Katrina in 2005 — and leaders from around the metropolitan area say they’re working closely on emergency planning as the new …

Jury: $181M to 3 Hurt in Illinois Grain Elevator Blast

A federal jury has sided against ConAgra Foods Inc. and a subcontractor in awarding roughly $181 million in damages to three workers severely injured in a 2010 explosion at a southern Illinois grain elevator. Omaha, Neb.-based ConAgra, one of the …

Best Affirms State Farm Mutual, Affiliates & Subs Ratings

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of State Farm Mutual Automobile Insurance Company (SFMAIC) and its affiliate, State Farm County Mutual Insurance Company of Texas. Best …

President Obama Signs Flood Insurance Extension

As expected, President Barack Obama on May 31 signed into law an extension of the federal flood insurance program until July 31. H.R. 5740, agreed to by the House and Senate last week, reauthorizes the National Flood Insurance Program (NFIP) …