Monthly Archives: <span>August 2002</span>

AMERICAN NAT’L PROFITS JUMP

Texas-based American National Insurance Company reported its gain from operations after tax for the second quarter of 2002 was $27,565,000 ($1.04 per share) versus $16,116,000 ($0.61 per share) for the same period in 2001, a 71 percent increase. For the …

SERVING UP A CURE

Gary Fate and Sharla Martin of Hull & Company General Agency in Dallas are once again heading up the organization of 7UP’s Serving Up A Cure Celebrity Waiter Dinner, benefiting the Duchenne Dystrophy research efforts of the Muscular Dystrophy Association. …

INSURBANC EXPANDING

InsurBanc, the federal savings bank developed by the Independent Insurance Agents & Brokers of America (IIABA) to serve agents and brokers, and their clients, won regulatory approval to expand its operations to 15 additional states—three on a full-service basis and …

RATE HIKES EXPECTED

Multiple rate hike requests from insurers and consumer concerns prompted Louisiana Governor Mike Foster to hire an advisor to assist him and the Louisiana Insurance Rating Commission (LIRC) in considering the rate requests. The New Orleans Times-Picayune reported that Foster …

NAME CHANGE CAN’T HIDE FRAUD

A Travis County District Court found that a Houston company changed its name several times while trying to avoid prosecution for premium fraud, according to Texas Mutual Insurance Company. A.C. Lath & Plastering Inc., owned and operated by Martin Geserick …

Programs, Programs, Programs

Welcome to our 6th annual Program Directory issue, Volume I. The Insurance Journal has provided this guide for retail agents in Texas since 1996 in print and since 1998 online. The print edition is regional and published twice a year. …

Seeing is Believing with AUGIE Survey Results

It is said that Missouri is the “show me” state. If that’s true then most independent agents must be from Missouri because when it comes to technology solutions, agency owners and their producers and CSRs need to “see it to …

Community Investment Reporting and theIndustry – “CRA” California Style

With the recent spotlight being placed on the 25th anniversary of the federal Community Reinvestment Act (CRA), legislation enacted in 1977 which requires banks to increase their investments and loans to low income communities, several California legislators are now casting …

Sacramento Man Accused of Forgery

While in custody on unrelated charges, Darrell Demetrius Brown, 30, was booked at the Sacramento County Jail on one count of insurance fraud. According to an investigation by the CDI Criminal Investigations Branch’s Fraud Division, Brown alleged he did not …

Camino, Calif. Resident Charged with Fraud

John Eugene Carter, 38, of Camino, Calif. was arrested on one felony count of insurance fraud, one count of attempted perjury and booked into the El Dorado County Jail. Investigators with the CDI Criminal Investigations Branch’s Fraud Division revealed that …