Austin, Texas-based National Alliance Research Academy announced the publication of the third edition of their producer compensation study titled, Producer Profile: Compensation, Production, and Responsibilities. This study surveyed over 400 property and casualty producers from independent insurance agencies to determine …
Sometime in 1985, Brian Calen claimed he was blinded in his right eye by an accident on a cruise ship. Based on his insurance records, he was also blinded in shipboard accidents three times after that, New York prosecutors said. …
As the investigation into alleged bid-rigging in the insurance industry goes on, The Hartford announced on Thursday that a pair of its employees have been dismissed after the company concluded that they were not fully cooperating with the investigation by …
John B. Collins Associates Inc., a reinsurance intermediary, announced that Tim Poeton has joined the firm as a vice president in their New York office. In his new role, Poeton will be responsible for establishing new reinsurance brokerage client relationships …
A.M. Best Co. has placed the financial strength rating of B (Fair) of the property/casualty affiliates of Alabama-based Vesta Insurance Group Inc. (Vesta) under review with negative implications. A.M. Best has also assigned an issuer credit rating of “b” to …
The American Insurance Association (AIA) issued the statement below in response to the lawsuit filed by the California Applicant Attorneys Association (CAAA) challenging the regulations regarding Medical Provider Networks (MPNs) recently adopted by the Division of Workers’ Compensation (DWC), which …
Insurance Journal recently had the opportunity to speak with Arkansas Insurance Commissioner and former president of the National Association of Insurance Commissioner Mike Pickens about the time he spent in Iraq earlier this year. Pickens was in Iraq from April …
As part of his state’s fight against fake insurance, Louisiana Commissioner of Insurance Robert Wooley is joining the National Association of Insurance Commissioners (NAIC) in launching an awareness campaign that encourages consumers to “STOP. CALL. CONFIRM.” before buying insurance. “One …
In light of what his agency says was the success of an initial round of regional meetings throughout various parts of the state, Maryland Insurance Commissioner Alfred W. Redmer, Jr., announced that the Maryland Insurance Administration will host an informational …
New Jersey Gov. James McGreevey has signed into law a measure sought by agents and insurers that removes troublesome provisions from the Contractor’s Registration Act. The amendments fix a provision that required written notice of cancellation or nonrenewal of a …
