Monthly Archives: <span>March 2010</span>

Nearly 200K Left Without Power After Northeast Storm

Nearly 200,000 homes and businesses were still without power Monday as restoration efforts continued days after a slow-moving storm battered the northeastern United States with heavy snow, rain and high winds. More than 83,000 utility customers still lacked electricity early …

Hotel Fire Destroys Entire Block in New Hampshire

A fire that started in an unoccupied oceanfront hotel was fanned by hurricane-force winds and spread to several nearby buildings, engulfing and destroying an entire block of businesses on a stretch of Hampton Beach popular with summer tourists. No injuries …

Catastrophe Firms Analyze, Estimate Losses from Chilean Quake

Catastrophe modeling firms Air Worldwide, Risk Management Solutions and EQECAT have all released preliminary analysis and estimates of the economic and the insured losses from the devastating 8.8 magnitude earthquake that struck Chile over the weekend [See IJ web site …

Windstorm Xynthia Leaves a Trail of Destruction; RMS Analysis

Windstorm Xynthia, which swept across Western Europe on Saturday and Sunday, [See IJ web site – https://www.insurancejournal.com/news/international/2010/03/01/107736.htm] left a lot of damage in its wake. The storm was responsible for 59 deaths in France, with a number of people still …

Leadership and Sales Culture in Insurance Agencies

Leadership is lightning in a bottle. There are as many definitions for it as there are leaders. Any rules that could be agreed upon as to what constitutes leadership could be quickly contradicted by an example of an effective leader …

Massachusets Senate Set to Debate Driver Texting Ban

The Massachusetts Senate plans to take up a bill that would ban text-messaging while driving. The ban is included in legislation that would also require drivers 75 and older to undergo cognitive and physical screenings every three years. Senators are …

Agents Urged to Tell Insureds of Flood Program Lapse

Insurance agents with customers waiting to be covered in the federal flood insurance program should tell those customers about the program’s suspension, an insurance expert is advising. As reported by Insurance Journal, the program could be in limbo for about …

Kissick Named President of York Programs

New Jersey-based York Insurance Services Group, a provider of claims administration and risk management services, has named Mark Kissick as president of York Programs. Kissick will have responsibility for financial results, segment growth, marketing strategy, business development and client satisfaction. …

Oklahoma Committees Pass Emergency Response Bills

Oklahoma State Rep. Joe Dorman says three bills aimed at assisting and improving emergency response in Oklahoma have passed House committees. All three were authored by Dorman. House Joint Resolution 1018 would create an income tax check-off to fund the …

Magnitude 4.4 Earthquake Hits Lincoln County, Oklahoma

Oklahoma has recorded another earthquake. The U.S. Geological Survey says a magnitude 4.4 earthquake hit Lincoln County on Feb. 27, but no injuries and little property damage are reported. The agency said the earthquake hit about three miles east of …