Texas Insurance Commis-sioner Jose Montemayor, who oversaw the department as homeowners insurance rates skyrocketed during a mold crisis that started in 2001, has said he will not seek reappointment to the job he has held for the past six years, …
Bankers Insurance Center LLC, a Louisiana-based insurance consortium established in 2004 and owned by 48 community banks located throughout the state, has begun a program of acquiring insurance agencies in Louisiana. Its first acquisition, effective Jan. 1, 2005, was Monroe-based …
In an ongoing effort to charge accurate insurance rates, carriers are increasingly looking to the use of consumers’ credit information as an aid in determining underwriting, tier placement, rating and/or payment plan eligibility. The Texas Department of Insurance completed a …
Many owners have at one time or another thought about selling their insurance agency or brokerage. Many were tempted but never quite took the plunge. Those who didn’t sell most likely were making too much money at the time or …
A recent $2.3 million jury verdict for wrongful termination in favor of a former Nationwide Insurance contract agent from Connecticut is unlikely to have any effect on independent agents or their companies, according to the nation’s largest independent insurance agent …
The question of whether or not to revamp the current workers’ compensation system in Texas is pretty much of a no-brainer, since just about everyone involved thinks it’s broken. The question that remains is how to overhaul it? At a …
Alan McClain Alan McClain of Little Rock was appointed chief executive officer of the Arkansas Workers’ Compensation Commission. McClain was named to the post after former CEO Julie Benafield Bowman accepted appointment as commissioner of the Arkansas Insurance Department. McClain, …
The Arkansas, Louisiana and Texas insurance departments announced their states have reached settlement agreements with UnumProvident insurance companies, which requires a re-evaluation of certain consumer-disputed disability insurance claims. The agreement could affect more than 2,000 Arkansans, some 10,000 Louisianians and …
Texas Attorney General Greg Abbott signed a settlement ensuring refunds totaling up to $10 million to Texans who unknowingly purchased vehicles that were previously damaged and deemed total losses by State Farm Mutual Automobile Insurance Co. The company, which voluntarily …
Calif.-based 21st Century Insurance Group, a direct-to-consumer provider of personal automobile insurance, announced it has begun selling auto policies in Texas to provide consumers with the benefits of the recently deregulated Texas auto insurance market. According to the company, in …
