North Carolina-based BB&T Insurance Services announced plans to buy STHARCO Inc., parent company of Kingsport Development Company (KDC) Insurance Inc. of Kingsport, Tenn. The acquisition would give the insurance broker entry into the Tri-Cities area of northeast Tennessee and southwest …
The National Association of Independent Insurers called on Louisiana Gov. Mike Foster to promptly sign a bill that the NAII says would provide more flexibility to the state’s insurance rate-making process while maintaining government oversight of insurance rates. “Senate Bill …
Mary Lou Mott, owner of Zaval-Tex Construction Company, and her office manager, Louise Humberson, are facing felony charges following a Travis County (Texas) grand jury indictment. According to Texas Mutual Insurance Company, Mott and Humberson allegedly committed fraud by filing …
Gov. Mike Foster’s plan to make Louisiana’s insurance commissioner an appointed position rather than an elected one was rejected by the state’s House of Representatives. According to the New Orleans Times-Picayune, House Bill 638 by Rep. Tony Perkins, R-Pride, failed …
The American Insurance Association (AIA) on Thursday urged Congress to renew the Fair Credit Reporting Act and applauded House Financial Services Committee Chairman Mike Oxley (R-Ohio) and Rep. Spencer Bachus (R-Ala.) for their wide-ranging hearing on the need to reauthorize …
King Insurance has available a new mobile home park program that will be underwritten by Lexington Insurance Company, an AIG member company (A++XV). The commercial package includes a variety of coverages for owners and operators of mobile home parks located …
Pasadena-based Western Security Surplus Insurance Brokers Inc. announced that Joycette A. Casella has joined as a broker. Casella will be responsible for producing new business opportunities in the commercial property and liability and the professional liability arenas. She will also …
New York physician Dipak Nandi, M.D. issued an announcement that he has settled his U.S. Federal District Court defamation action against Allstate Insurance Company and Encompass Insurance, a division of Allstate Insurance Company, which he commenced in June of 2002. …
Patricia A. Costante, Chairman and CEO of MIIX Advantage Insurance Company of New Jersey, headquartered in Lawrenceville, announced a third subscription offering for MIIX Advantage(TM). MIIX Advantage is a physician-supported insurance company. It began issuing policies on September 1, 2002. …
The Professional Insurance Agents of New Jersey Inc. announced that, “in response to the New Jersey Department of Banking and Insurance’s new rules and procedures for the procurement of insurance from surplus lines insurers and from ineligible unauthorized insurers,” it …
