NEWS

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Best Downgrades Credit Ratings of Alabama-Based Alfa Insurance Group Members

 - 04/18/2019
AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of Alfa Insurance Group. In addition, AM Best has downgraded the Long-Term …

Increase in Accidents on Scenic Tennessee Road Prompts Officials to Take Action

 - 04/18/2019
Officials with scenic Natchez Trace Parkway are reminding motorists that the roadway is designed for leisurely drives and not interstate-style speeds. Chief Ranger Sarah Davis says in a news release that actions are being taken to decrease accidents on the …

Sells Appointed Chief Information Officer for SUNZ Holdings of Florida

 - 04/18/2019
SUNZ Holdings, LLC, based in Bradenton, Fla., has appointed John Sells to the position of chief information officer. Sells will be in charge of IT initiatives and enterprise systems with a focus on digital transformation and deep usage of data …

Florida AOB Reform Bill Passes Final Committee, Heads to Full Senate

 - 04/18/2019
A bill the Florida insurance industry says will help reign in assignment of benefits abuse that is plaguing the state and raising insurance costs has passed its final committee in the Florida Senate and is now headed to the full …

Miami Agent Accused of Pocketing $476K in Homeowners Insurance Scheme

 - 04/17/2019
A licensed Miami insurance agent has been arrested after she allegedly obtained and transferred more than 300 homeowner insurance policies without homeowners’ knowledge or consent and pocketed nearly $476,000 from the policy premium differences in this scheme, according to a …

ProAssurance of Alabama Makes Management Changes; Francis to Lead Healthcare

 - 04/17/2019
ProAssurance Corporation has revised its management structure for its newly formed Specialty P&C operating division. As previously announced, Michael L. Boguski will assume the presidency of Specialty P&C on May 13, 2019. In addition, industry veteran Robert D. Francis will …

Mississippi Nuclear Plant Cited for 2 Low-Level Violations

 - 04/17/2019
A special inspection of a nuclear power plant in Mississippi has resulted in two low-level citations, as its operator says it has continued trying to make improvements. The Nuclear Regulatory Commission, in a March 29 report , says Entergy Corp. …

Weekend Tornadoes Damaged More Than 250 Buildings Across Mississippi

 - 04/17/2019
Early assessments show Saturday’s tornado outbreak damaged more than 250 homes, businesses and public buildings across Mississippi. The National Weather Service has counted at least 10 tornadoes in Mississippi on Saturday, ranging from Escatawpa on the Gulf Coast as far …

Investor’s World-Famous Porsche Collection Damaged in N.C. Gas Explosion

 - 04/16/2019
The gas explosion that killed one person and injured 25 others in North Carolina also damaged a building that houses a rarely seen but world famous collection of Porsches. The Ingram Collection is housed next to the building in Durham …

Georgia Gov. Blasts Congress for Inaction on Hurricane Aid Package

 - 04/16/2019
Georgia’s governor and other state leaders are blasting Congress over its failure to approve a package of disaster relief measures. The $14 billion aid package is desperately needed by farmers and others who suffered losses when Hurricane Michael swept across …

Future of Insurance Firms Owned by Indicted N.C. Campaign Donor Uncertain

 - 04/16/2019
Insurance companies owned by a big-money donor accused of trying to bribe North Carolina’s top insurance regulator for easy treatment are on the sales block and under review by at least one rating agency. Entrepreneur Greg Lindberg was indicted earlier …

Starkweather & Shepley, O’Neill & Co. Celebrate Palm Beach Gardens Location

 - 04/15/2019
Starkweather & Shepley Insurance Brokerage Inc. (S&S) and O’Neill & Co. Insurance Group celebrated the opening of their new location in Palm Beach Gardens, Fla., on Tuesday at the Wyndham Grand Jupiter. O’Neill & Co. Insurance Group, founded by President …

Fire Chief Says Shop Owner Declined to Evacuate Before North Carolina Blast

 - 04/15/2019
The coffee shop owner killed in a North Carolina gas line explosion was last seen in the doorway of his business after firefighters evacuated his customers and told him to leave, the fire chief said Thursday, as city officials gave …

Leak Evacuates North Carolina Shopping Center Days After Fatal Explosion

 - 04/15/2019
North Carolina authorities say they’ve evacuated businesses in a Fayetteville shopping center because a construction crew struck a gas line. The gas leak at Cross Pointe Center comes just days after a fatal explosion in Durham, located about 80 miles …

Officials Say One Dead, 17 Hurt in North Carolina Gas Explosion

 - 04/12/2019
A leaking gas line exploded Wednesday in a Durham shopping district, killing one person and injuring more than a dozen others as firefighters were evacuating people from buildings near the rupture, authorities said. The blast reverberated across the North Carolina …