Ohio Department of Insurance Director Ann Womer Benjamin announced the promotion of Chief of Staff William J. Tsibulsky to Deputy Director in a move consolidating the chief of staff and deputy director positions. Tsibulsky, a native of Hornell, N.Y., joined …
After charging Near North Insurance Brokerage Inc. owner Michael Segal for insurance and mail fraud in a scheme to allegedly embezzle $24 million from the company’s reserve fund, federal prosecutors are now charging the company itself with seven counts each …
The North Carolina Department of Insurance reported that the Carolina Mattress Guild announced it will meet tough new fire safety standards proposed by the state of California’s open flame mattress fire safety standard, Technical Bulletin 603. The department said the …
Two Central Florida lawmakers will be on hand to speak at a June 13 rally in support of health care reform. According to the Tampa Bay Insurance Journal, Rep. Sandy Murman, R-Tampa and Rep. Sheri McInvale, D-Orlando are scheduled to …
The Louisiana Department of Insurance reported that Insurance Commissioner Robert Wooley’s weekly question and answer column, “Ask Robert Wooley: Your Commissioner of Insurance,” has received recognition from the Louisiana Press Women’s Association. The first place award for an informational column …
Texas Gov. Rick Perry signed into law reform legislation designed ease the medical malpractice crisis and ensure that all Texans have access to quality, affordable health care. The measure, House Bill 4, includes a $250,000 cap on non-economic damages in …
The Alliance of American Insurers (AAI) is commending the House of Representatives for approving the “Class Action Fairness Act” (H.R. 1115). The Senate Judiciary Committee approved a similar bill (S. 274) April 11. It awaits action by the full Senate. …
Dallas Fire Insurance Company, a Dallas, Texas-based writer of property and casualty insurance, announced it has been upgraded to a “B+IV” by the A.M. Best Company. The company said the upgrade was due to positive underwriting results and significant capital …
Hub International Limited (NYSE:HBG) and (TSX:HBG) announced today that it has completed a private placement of US$65,000,000 in principal amount of unsecured senior notes. The senior notes have been issued in two series: Series A represents US$10,000,000 of 5.71% senior …
The National Association of Independent Insurers has issued a bulletin indicating that the recent enactment of auto reform legislation in New Jersey (See IJ Website June 9) “has several important implications for the future of insurance regulation, and is indicative …
