During the last decade, the wall separating the worlds of banking and insurance has crashed down. Banks are buying insurance agencies. Banks are merging with insurance companies. The Independent Insurance Agents of America has even helped launch InsurBanc in three …
It was a new year, a new administration, and a new round of visits on Capitol Hill. Although not as critical a legislation year as past years, the issues remained as pressing as ever, and the 800 attendees of the …
For a generation, or so, courts around the country have thought that contract law was insufficient to regulate the claims conduct of insurance companies. Consequently, the common law of insurer bad faith has been created. As will happen from time-to-time, …
Local associations across the state continue to contribute to their communities and their profession in a variety of ways. Following is a report on activities for the past year from those that responded to our queries about what they’ve been …
The record-setting final episode of M.A.S.H. was still two years in the future and Ronald Reagan had just become the 40th president when Jean Patterson took hold of the administrative duties of the Texas Surplus Lines Association. That was 1981. …
The country’s smallest, mostly rural, insurance companies would receive a tax benefit if federal legislation introduced recently becomes law. Reps. Jim Nussle, R-Iowa; Jim Ramstad, R-Minn.; and Earl Pomeroy, D-N.D.; introduced the measure in the House of Representatives (H.R. 1908) …
The Texas Workers’ Compensation Insurance Fund will become the Texas Mutual Insurance Company Sept. 1 if Gov. Rick Perry signs the bill authorizing the change. The governor has 20 days from the Legislature’s adjournment to sign H.B. 3458. No opposition …
ACE USA announced changes in its leadership in the Pacific and Midwest Regions for its Special Risk Facilities (SRF) division. Kenneth Riegler, currently serving as vice president of SRF’s Boston branch office, has been promoted to senior vice president and …
Oregon Gov. John Kitzhaber has signed into law SB 268, a bill designed to streamline the insurance producer licensing process which also satisfies the reciprocity requirements of the federal Gramm-Leach-Bliley Act (GLBA). According to the National Association of Independent Insurers …
Company executives representing CGU Insurance Group had reason to smile June 1 at the 50th Annual “I” Day in San Diego. Not only were they representing their company, but they were unveiling a new name and a new era – …
