Farmers Insurance Group and the Texas Department of Insurance (TDI) reached an agreement April 15 that stipulates the carrier will refund approximately $15 million to auto policyholders who paid the company too much in surcharges related to traffic accidents. Insurance …
A Federal Court jury in Houston has found Lafayette, La.-based OSCA Inc., liable for $13.3 million in damages stemming from an oil well blowout in the Gulf of Mexico. A trial related to insurance coverage claims in this case is …
Fort Worth’s GAINSCO Inc., a holding company selling non-standard insurance products, has begun trading its common stock on the OTC Bulletin Board under the ticker symbol “GNAC.” The company’s primary insurance subsidiaries are General Agents Insurance Company of America Inc., …
Sheldon Andrus, an agent based in Kenner, La., and licensed to sell property and casualty, as well as life and health insurance, was arrested on charges of insurance fraud and criminal theft, according to acting state Insurance Commissioner J. Robert …
Texas Insurance Commissioner Jose Montemayor has authorized the release of a new reference brochure, “Effectively Handling Water Damage and Mold Claims: A Consumer Guide,” for consumers and insurers. In letters sent to CEOs of property and casualty carriers, Montemayor explained …
The Independent Insurance Agents of America (IIAA) has changed its name to the Independent Insurance Agents & Brokers of America (IIABA) to more accurately reflect the membership profile of the organization. In a statement, CEO Robert A. Rusbuldt commented that …
Federal agriculture officials are looking at the possibility of a national insurance program to permit ranchers to insure both pasture and rangeland against losses resulting from drought and other disasters, according to the Associated Press. Currently, a pilot program in …
To some it is the greatest thing since sliced bread, but others see it as the most flagrant abuse the insurance industry has ever heaped upon the consumer. Insurance companies, consumer advocates and regulators just cannot seem to agree about …
Nuts & Bolts: Florida-based AdvanTech Solutions(SM), a professional employer organization (PEO) specializing in technologically advanced human resource services, has obtained a new workers’ compensation program. AdvanTech SolutionsSM currently distributes its services through a network of 31 independent insurance agency partners …
Nuts & Bolts: Mexipass is offering a business auto program for U.S. vehicles in Mexico, targeted toward commercial vehicles registered in the U.S. and owned by U.S. companies or U.S. residents. Provides the same coverage parts as a business auto …
