In the past year or so there have been some notable acquisitions of agencies that were pushing the agency value envelope. For some cases, banks were making their platform acquisition and thus willing to pay top dollar to their first …
An annual market share study by the Independent Insurance Agents & Brokers of America’s (IIABA) revealed that independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets. In addition, the study confirmed …
The Scurry County (Texas) Grand Jury indicted Jake V. Silva on charges of fraudulently obtaining workers’ compensation benefits; he was reported to have continued working while collecting temporary income benefits (TIBs) for an alleged on-the-job injury. According to Texas Mutual …
The Louisiana Department of Insurance Fraud Unit investigators served cease and desist and summary suspension orders to licensed insurance agent Tommy Ray Dean of Shreveport, the day after the department served a C&D and summary suspension to Melisa Lynne Blaisdell …
Texas legislators wasted little time in filing post-election insurance reform legislation. One week after an election in which campaigns rang with promises from Republicans and Democrats alike to bring down homeowners insurance rates, lawmakers filed more than two dozen bills …
Farmers Insurance Group of Companies worked out a temporary deal with the Governor’s office, the Texas Department of Insurance (TDI) and the Office of Attorney General (OAG) under which it will continue to offer renewals to existing Texas homeowners customers …
If there was one message speakers at the 2002 Annual Meeting of the Texas Surplus Lines Association (TSLA) wanted their audience to go away with, it was: Get to know your state legislators. That was the mantra chanted by speaker …
Following recently-announced plans to exit its specialty insurance underwriting operations, Aon Corporation of Chicago entered an agreement in principle to sell its specialty property and casualty insurance subsidiary, Sheffield Insurance Corporation, to Bermuda reinsurer AXIS Specialty Limited. Subject to regulatory …
Asbestos, the weak equity markets and Sept. 11 have indirectly claimed another victim. Gerling-Konzern Globale Ruckversicherungs—AG (GKG), the reinsurance arm of Germany’s Gerling Group, announced at the end of October that it has given up on the survival of its …
Not-for-profit organizations and public entities are in a crunch. A less than robust economy is forcing both privately funded charitable organizations and publicly funded institutions to operate with lowered budgets, despite a growing need for services. And their budget constraints …
