The Alliance of American Insurers (AIA) commended the Arkansas Insurance Department for creating a task force to gain input from interested parties on what steps the state should take to modernize insurance regulation in the state. AIA stated it has …
The Strategic Independent Agents Alliance (SIAA), a national insurance agency distribution network, announced that Cuave Insurance Agency/Sovereign Insurance Group (SIG) of Winnsboro, La., has established Southern Insurance Group of Louisiana as a strategic master agency of SIAA. Cuave Insurance Agency …
Oklahoma Insurance Commissioner Carroll Fisher announced that preliminary estimates show the insurance industry will pay $17 million in claims related to an ice storm that hit the state in late January. Fisher said he has approved the use of emergency …
U.S. airlines have gathered together to form their own insurance company in efforts to cover their extensive liability, according to Reuters. The U.S. government arranged to take on the responsibility of insuring the airlines after the Sept. 11 attacks, when …
After a request by Oklahoma Insurance Commissioner Carroll Fisher, former Oklahoma County District Court Judge Leamon Freeman, acting as a hearing officer in the matter, approved an order placing Arlington, Texas-based Petrosurance Casualty Co. into conservatorship. Licensed as an Oklahoma …
Vesta Insurance Group Inc., a Birmingham, Ala.-based holding company for insurance and financial service providers, announced that its Instant Insurance Holdings Inc. subsidiary has acquired two non-standard auto insurance wholesalers in Dallas, increasing the company’s annualized non-standard premium to more …
Fort Worth, Texas-based nonstandard property and casualty insurer, GAINSCO Inc., said it plans to stop writing commercial lines of business due to unprofitable results and increasing claims. On a related note, GAINSCO expects to report losses for both the fourth …
The politicians have gotten into the fray. Sounding off on the twin issues of severe rate hikes for homeowners insurance and the scourge of mold/water damage claims that insurers insist are threatening their very existence in the state, several candidates …
Imagine positioning your agency as the exclusive provider of all personal lines, to all the employees of your commercial accounts. How the heck do I do that, you ask? By leveraging the consumer desire for convenience into opportunity for your …
Questions often arise as to the context and circumstances in which an agent can be liable for misrepresenting coverage, or failing to obtain adequate or appropriate coverage for a customer. When an “all-risk” policy does not cover a loss, is …
