State Compensation Fund of Arizona (SCF) recently filed a lawsuit in Maricopa County Superior Court challenging a provision in the state’s 2003 fiscal budget that forces SCF to purchase Arizona government-owned buildings to help balance the state’s budget. The action …
California Insurance Commissioner John Garamendi released the following statement regarding the United States Supreme Court’s decision to defeat a California law required insurance companies to provide information about all of their Holocaust-era policies. “For more than 60 years insurance companies …
Tennessee Commerce and Insurance Commissioner Paula A. Flowers announced the appointments of Nashville attorney Robert E. Gowan and former state Rep. Doyle “Butch” Lewis as assistant commissioners. Gowan joins the Department of Commerce and Insurance as assistant commissioner for Regulatory …
Insurance Auto Auctions Inc., a provider of automotive salvage and claims processing services in the U. S., announced the acquisition of Wilmington Salvage Disposal Company in Castle Hayne, N. C., which is located just north of Wilmington. The 23-acre facility …
Heath Insurance Brokers of Texas Inc. reported that Todd Teitell, president of the firm’s Dallas branch, has joined the Board of Directors of Heath Holdings USA Inc. Teitell has been with Heath since 1996. Rosemarie Marshall, head of Heath Underwriting …
Swett & Crawford of Texas Inc. announced that Simon Bancroft was named president and CEO, and Paula Burnes was promoted to the position of executive vice president and COO of the company. Bancroft, a 26-year veteran of the insurance industry …
Investor Greg Shepard, who owns about 5 percent of Columbus, Ohio-based State Auto Financial Corp., offered to commence a tender offer for 8 million of State Auto’s 10.9 million public shares at $30 each. Shepard stated that he would not …
The National Association of Independent Insurers (NAII) is seeking to ensure that a Nebraska Supreme Court proposed rule regarding the unauthorized practice of law does not adversely affect the insurance industry. The issue of unauthorized practice of law has been …
In the largest and reportedly most comprehensive study ever undertaken on the connection between credit history and insurance risk, a team of researchers has found that a consumer’s credit-based insurance score is unquestionably correlated to that consumer’s propensity for auto …
In testimony over the weekend during the National Association of Insurance Commissioner’s (NAIC) summer meeting, the American Insurance Association (AIA) supported the continued availability of mandatory pre-dispute arbitration instead of litigation. “AIA strongly believes that arbitration plays an important role …
