Latest News in Home Insurance – Aug 25, 2010
The Next Big Thing at the Entrepreneurial Insurance Symposium
The property/casualty insurance industry is undergoing substantial changes, from regulation to product delivery to technology.
One conference that tackles some of the most innovative ideas on how …
Iowa to Assess for Second Injury Fund; Work Comp Rate Hike Proposed
Sufficient funds are not available to meet the liabilities of Iowa's Second Injury Fund, so the state is imposing a $4 million assessment on insurers and self-insured employers in Iowa. Notices …
New Tropical Depression Forms in Eastern Atlantic
Tropical Depression Seven formed in the far eastern Atlantic Ocean on Wednesday, one of three systems the U.S. National Hurricane Center was monitoring, but none were so far expected to …
Pennsylvania Indicts Agency Execs, Spouses in $7.5M Pyramid Scheme
Two Pennsylvania insurance agency execs and their spouses have been charged in what prosecutors say is a massive pyramid scheme that swindled local colleges, businesses and other organizations of …
23 States Involved in Recalled Eggs
Eggs contaminated with salmonella that originated from Wright County Egg in Iowa have shown up in 23 states, CNN reported this morning.
Already, the outbreak has sickened hundreds of people across …
K&K Insurance Adds New Regional Sales Staff Across U.S.
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across …
Kessler Joins CRC Insurance Services
CRC Insurance Services announced that Neil Kessler has joined the company's corporate management team and will serve as executive vice president of Marketing and Sales. He will be based in …
Swantner & Gordon Insurance Merging with Higginbotham & Associates
Swantner & Gordon Insurance Agency, headquartered in Corpus Christi, Texas, and Fort Worth-based Higginbotham & Associates have jointly announced the merger of their operations. The …
Maley Joins IMA as Vice President and Risk Manager
Wichita, Kan.-based independently owned retail insurance broker IMA Inc. announced that Kathie L. Maley joined IMA's Wichita office as a vice president and risk manager in the Risk Management …
Louisiana Citizens Insurance Reaches $23M Settlement
Louisiana's property insurer of last resort has reached a $23 million settlement with thousands of homeowners who say they were not properly compensated after hurricanes Katrina and Rita for work …
Calif. Bill Would Limit Insurance Rate Hikes to Once a Year
California health insurance providers would be prohibited from raising their rates more than once a year under a bill moving through the state Legislature.
The state Senate voted 21-13 in favor of …
Ratings Roundup: AMEX, Castle Key, Torus, Hartford (debt)
A.M. Best Co. has affirmed the financial strength rating of 'A' (Excellent) and issuer credit rating of "a" of AMEX Assurance Company, a wholly owned subsidiary of American Express Company. The …
CNA Appoints Stegemiller Commercial Underwriting Officer for San Francisco
James Stegemiller has been appointed Commercial Underwriting officer for CNA's San Francisco territory. In this role, Stegemiller will work collaboratively with branch vice presidents and business …
S.C. Firefighter Sentenced for Five Arsons
A former South Carolina firefighter has been sentenced to five years in prison for setting a series of fires that caused about $1.5 million in damage.
The Island Packet of Hilton Head reported …
Beazley Launches Fixed Site Environmental Cleanup Coverage
Beazley Group has added coverage for fixed site environmental exposures to its growing range of environmental products. Beazley ECLIPSE is an environmental liability and cleanup costs insurance …
