Archive for January, 2010
Two Execs Join Zurich’s Energy Casualty Business Unit
Insurer Zurich said it is expanding its presence in the U.S. energy casualty insurance market by adding two new executives to its Commercial Energy Casualty business unit.
Greg Cropp, vice …
Calif. Insurance Commissionr Insurance Says His Post Should Be Appointed
California Insurance Commissioner Steve Poizner said that his position has become too politicized and should return to being one that's appointed by the governor.
Poizner, who is seeking the …
Oklahoma Under Emergency Declaration as Winter Storm Shuts Down State
Oklahoma, Gov. Brad Henry declared a state of emergency for all 77 Oklahoma counties and state officials implemented emergency response preparations as a winter storm blanketed the state overnight …
Louisiana Comp Costs Per Claim 35% Higher than Most States
The costs per all paid workers’ compensation insurance claims in Louisiana averaged 35 percent higher than the typical study state, according to a Massachusetts-based research group that …
Congress to Probe Toyota Recals
Congressional investigators Thursday sought documents from Toyota Motor Corp and U.S. safety regulators about a pair of safety recalls the automaker was racing to address.
House Energy and …
Hurricane Ike Claims Total Nearly $12B in Texas
Hurricane Ike, which struck Galveston on Sept. 13, 2008, has proved to be the costliest weather catastrophe in Texas history by a large margin. The storm racked up nearly $12 …
Texas Agent and Former Windstorm Association Chair Dies at 81
Corpus Christi independent insurance agent and former Texas Windstorm Insurance Association chairman, Lloyd L. Grove Jr., passed away Jan. 24 at the age of 81.
Throughout his 50-year career Grove …
AIG Financial Product Employees Accept Retention Pay Cuts
Most current employees at the financial products unit of American International Group Inc. eligible for money owed them under a retention plan told the company they would accept less money in …
2010 Will Challenge Calif. Insurance Agents, But Bright Spots Ahead
In 2009, independent insurance agents and brokers faced a “perfect storm” of economic downturn, premiums were a fraction of what they used to be, unemployment and home foreclosure …
Georgia House Lawmakers Send Texting Ban Bill to Study
Georgia lawmakers are taking a closer look at texting while driving legislation proposed last week.
Representatives on the House public safety committee debated the bill on Wednesday.
At the end …