The Nebraska Department of Insurance announced that the state’s legislature has made a significant change to workers’ compensation statutes regarding executive officers of a corporation who own 25 percent or more of that corporation’s common stock. Under current workers’ compensation …
New Jersey Banking and Insurance Commissioner Holly Bakke issued her conditional approval of MIIX Advantage, a new medical malpractice insurer that will begin writing policies by Sept. 1. “The Department’s conditional approval of MIIX Advantage improves the availability of medical …
Florida-based insurance broker Brown & Brown Inc. has endorsed Applied Systems Inc. as its preferred technology provider. According to Applied’s corporate and international division vice president Rick Morgan, more than 80 of Brown & Brown’s 120 offices have been converted …
Florida Treasurer and Insurance Commissioner Tom Gallagher announced that Citizens Property Insurance Corporation (Citizens) has taken over as the state’s insurer of last resort for consumers unable to obtain property insurance coverage from the private market. Citizens, which was created …
Houston-based Connective Technologies, Inc., an eCommerce solution provider to the insurance industry, has entered into a contract with Columbia Insurance Group to provide TEAM-UP upload for Personal Auto. TEAM-UP allows carriers to upload agency management data directly into their Web …
In response to the lawsuit filed Aug. 5 by the Texas Attorney General against Farmers Insurance Group of Companies, the company has reviewed the allegations and says they are without merit. The lawsuit was filed by Attorney General John Cornyn, …
Investigators from the California Department of Insurance (CDI) Criminal Investigations Branch arrested a Cerritos insurance broker based on evidence gathered which allegedly shows the broker collected premiums and failed to obtain insurance coverage. The Los Angeles County District Attorney’s Office …
A bill that passed the Nevada Legislature during a special legislative session last week should curb excessive litigation, which will help restrain increases in the cost of medical malpractice insurance and improve the availability of medical care, according to the …
The Governing Board of the California Earthquake Authority announced the hiring of Elaine Bush, chief deputy commissioner of the California Department of Insurance, as the Authority’s new Chief Executive Officer. Bush has served more than 20 years in a variety …
Gulf Insurance Group, a subsidiary of Travelers Property Casualty, has completed the previously announced investment transaction with Trident II, L.P. A private equity fund, managed by MMC Capital, Trident will invest $125 million in the company in exchange for convertible …
