The Louisiana Department of Insurance ordered a former insurance agent to cease and desist any business as an insurance agent as a result of the agent’s alleged violations of the Louisiana Insurance Code. Herman Williams III is alleged to have …
A Travis County District Court sentenced Liza Fortune on charges of insurance fraud and ordered her to pay $15,013.89 in restitution to Texas Mutual Insurance Company. Fortune’s two-year sentence was suspended for four years, and the court fined her $250 …
Oh, down in Mexico. I never really been so I don’t really know…. Actually I have been to Mexico, and loved it. But that line from the James Taylor song, “Mexico,” has been swirling around in my head, and since …
Staying one step ahead of criminals is a challenge for both the companies that transport cargo and the insurers who provide coverage for them. As the criminal gets smarter and comes up with new ways to steal, insurers… must work …
The National Association of Professional Surplus Lines Offices (NAPSLO) is holding its Mid-Year Marketplace & Business Roundup Feb. 24-27 in San Antonio. The Texas gathering replaces the 2002 Mid-Year Educational Workshop, which had been scheduled to take place in Scottsdale, …
Now that Congress and the Bush administration have struck a deal to pave the way for NAFTA trucking provisions—which the U.S. had been found to be violating for most of last year—the task of actually implementing these provisions looms, and …
Like most property and casualty insurance lines, the commercial auto insurance market has witnessed rate increases over the past year and expects to see more. And, as in other lines, underwriters are scrutinizing accounts more closely than they have been …
After meeting with representatives of the Independent Insurance Agents of America (IIAA), Alpharetta, Ga.-based ChoicePoint Inc., a credit scoring and consumer-lead generation service provider, agreed to stop selling data related to certain independent agency and broker insurance transactions. Debra Perkins, …
One key indicator of any country’s economic health is the confidence of investors in its commercial enterprises. By that standard Mexico is on a roll. Since the end of the currency crisis in 1994, and the introduction of NAFTA in …
S&P raised its counterparty credit rating and FSR on Beverly, Mass.-based Electric Insurance Co. (EIC) to “A” from “A-.” The outlook is stable. S&P considers EIC’s statutory surplus of $222.1 million in 2000 to be extremely strong. EIC’s capital adequacy …
