Yearly Archives: <span>2012</span>

Florida Hurricane Fund May Come Up Short If Big Storm Hits

Florida may not have enough money to pay off hurricane insurance claims if a big storm hits this year. An advisory panel recently concluded that the state may fall nearly $2 billion short of the total needed to cover all …

Baseball Goes to Bat for Tornado Victims

Major League Baseball and a charitable foundation run by players are working with Habitat for Humanity to build nine homes for the tornado-ravaged communities of Joplin, Mo., and Tuscaloosa, Ala., with more than half of the funding coming from State …

Risk of Major Spring Flooding

For the first time in four years, no area of the country faces a high risk of major to record spring flooding, largely due to the limited winter snowfall, according to the National Oceanic and Atmospheric Administration. “We’re not forecasting …

Guerilla Strategies to Grow Your Firm

Recently I attended an incredible five-day Guerilla Business School in Los Angeles, put on by a training organization called Peak Potentials. The schools are taught by real hands on successful business men and woman who have made millions or even …

Maryland to Privatize State-Run Workers’ Comp Insurer IWIF

The Injured Workers’ Insurance Fund (IWIF), Maryland’s state-run workers’ comp insurance carrier, will become a private, nonprofit company under a new name Chesapeake Employers’ Insurance, effective Oct. 1, 2013. The conversion is mandated by legislation (SB 745, the IWIF Conversion …

Thousands in St. Louis Area Claim Hail Damage

The number of insurance claims resulting from the damaging hail storm that struck the St. Louis region in late April could top 100,000. The St. Louis Post-Dispatch reported that the region’s two largest insurance companies alone, State Farm and American …

Poms & Associates Adds Three in Southern California

Los Angeles, Calif.-based Poms & Associates Insurance Brokers Inc. named Chris Poveromo branch manager and senior vice president of property/casualty. Additionally, the firm named Mark Ulrich senior Vice president of employee benefits and property/casualty and Evelyn Castellanos as account executive …

50 Years On, Fire Still Burns Underneath Pennsylvania Town

It’s an anniversary the few remaining souls who live here won’t be celebrating.Fifty years ago, a fire at the town dump ignited an exposed coal seam, setting off a chain of events that eventually led to the demolition of nearly …

Mass. Church Rebounds After 2011 Tornado; Insurance Covers $2M Repair

A year after a tornado downed its steeple, The First Church of Monson Congregational in Monson, Mass., is rebounding.The town’s oldest church became a disaster relief center after the June 1, 2011 storm that destroyed 40 homes in Monson and …

Travelers Introduces New Wind Credit for Fortified Homes in Texas

Travelers Insurance announced it is introducing a wind credit for fortified homes in Texas that meet established standards designed to resist the impacts of tropical storm and hurricane winds. Travelers currently offers similar credits in Alabama and Mississippi. “Homes built …