Monthly Archives: <span>September 2011</span>

Homesite Names Andrew A. McElwee, Jr. EVP and Chief Underwriting Officer

Homesite Insurance Company, a national, full-service property insurer focused exclusively on the homeowners, condominium and renters markets, announced the appointment of Andrew A. McElwee, Jr. as executive vice president and chief underwriting officer. Reporting to Doug Batting, Homesite’s president and …

Fire at Kansas Cintas location Causes $100,000 Damage

Wichita, Kansas fire officials say no one was injured when fire broke out at a loading dock at Cintas Uniform Services in Wichita. The fire Monday at the uniform services company caused an estimated $100,000 in damage. Wichita fire Lt. …

Number of Minnesota Alcohol-Related Deaths Down in 2010

Minnesota officials say the number of alcohol-related deaths in the state last year was the lowest on record. Data from the Minnesota Department of Public Safety show that 131 motorists died in alcohol-related crashes in Minnesota last year. That’s 21 …

Iowa’s Federal Court of Appeals Decision in Bad Faith Case Favors Insurer

A federal court of appeals found in favor of Liberty Mutual in a case that dealt with whether the carrier acted in bad faith upon refusing to reimburse defense costs in two underlying lawsuits against its insured. The underlying case …

Sentry Insurance Unites With CargoNet to Combat Cargo Theft

Sentry Insurance has joined CargoNet, a division of Verisk’s ISO Crime Analytics unit, in an effort to combat cargo theft through information sharing between the insurance and trucking industries and law enforcement. As a member, Sentry will provide its motor …

Insured Losses from Tropical Storm Talas Estimated Between $150M to $600M

Insured losses from Tropical Storm Talas will be range between $150 million and $600 million, according to Catastrophe modeling firm AIR Worldwide. Talas is the season’s 12th named storm, the seventh severe tropical storm and the fifth typhoon of the …

ACE to Acquire Penn Miller

Penn Millers Holding Corp., which provides property and casualty insurance through its wholly owned subsidiary, Penn Millers Insurance Co., has agreed to be acquired by a subsidiary of ACE Limited for $20.50 per share in cash. The purchase price represents …

Senate Committee Passes Federal Flood Insurance Reform Legislation

As many property owners continue to recover from hurricane and tropical storms Irene and Lee and new storms form offshore, the U.S. Senate is taking steps to renew the federal flood insurance program. Today, the Senate Committee on Banking and …

Seismic Activity Increases at Iceland Volcano

A surge of small earthquakes has been reported around Iceland’s Katla volcano, but scientists said Tuesday there is no immediate concern that the increased seismic activity will trigger a dangerous eruption. Although earthquakes around Katla are common, an increase in …

Fire Crews Suppress Some 50 Fires in Arkansas

The Arkansas Forestry Commission says crews suppressed more than 50 wildfires over the holiday weekend. The commission says workers contained 51 wildfires that burned some 2,200 acres between Friday afternoon and Monday afternoon. Crews suppressed another 16 wildfires by Tuesday …