Illinois Insurance Director J. Anthony Clark has announced he will step down from his post effective Feb. 13, according to the Associated Press. The constraints forced upon the insurance department by the state’s budget and the bother of commuting between …
On Jan. 15, 2004, Tom Hebson, vice president and CFO of California StoneGate Insurance Services and F. Mike Heffernan, president of Heffernan Insurance Brokers, signed a letter of intent for a proposed merger between the two entities. As a result, …
The use of loss history reports on individual dwellings is an important and necessary tool that insurers need to help them underwrite homeowners’ policies in Nevada. That’s the message delivered by the Property Casualty Insurers Association of America (PCI) at …
California Insurance Commissioner John Garamendi unveiled his new workers’ compensation reform package Feb. 10. His proposal aims to bridge the gap between labor and business interests and provide a solid framework for Democrats and Republicans to address the system’s serious …
Members of the Maryland House Economic Matters Committee considered a bill Tuesday that maintains Maryland’s current restrictions on insurance carriers’ use of credit in rating policies. The Property Casualty Insurers Association of America (PCI) supplied testimony at the hearing in …
EdChoice, Schinnerer’s program for small to mid-size colleges and universities, is now offering the Trustees, Officers, Management and Employee policy to educational institutions in all 50 states. Coverage was previously only available in 15 states. The policy features employment practices, …
Tennessee Insurance Commissioner Paula Flowers, acting as liquidator for three failed malpractice insurance firms, has filed suit in U.S. District Court seeking to recover damages on behalf of the companies’ more than 50,000 former policyholders. The 62-page lawsuit, filed in …
Georgia Insurance and Safety Fire Commissioner John Oxendine said a fire that destroyed a business and a church in downtown Cordele last week was arson. The fire at the Exchange Mart building, 132 W. 11th Avenue, started in Dennard’s Used …
A.M. Best Co. has assigned a “bbb” senior unsecured debt rating to Alabama-based Infinity Property and Casualty Corporation’s $200 million notes due 2014. Concurrently, A.M. Best has affirmed the financial strength rating of A (Excellent) of Infinity Property and Casualty …
Independent insurance agents go to conferences and conventions to learn, to network, to meet company reps and, sometimes, just to get away. Opportunities to do all of those things abound this year for agents in Arkansas, Louisiana, Oklahoma and Texas. …
