Legislators will examine options to address broker compensation and disclosure concerns during a National Conference of Insurance Legislators’ general session scheduled March 5 in Hilton Head, N.C.. The discussion, entitled “Broker Compensation: Impact on the Insurance Market” will be followed …
Lemac General Agency in Orange, Calif., has recently added a new market for workers’ compensation. Eligible classes include but are not limited to: agricultural operations, building operations, contractors (no roofers or framers), habitational, janitorial, manufacturing, professional (attorneys, doctors, insurance agents, …
The Independent Insurance Agents and Brokers of Orange County will host its annual “I” Day on April 27. The event will be held at the Embassy Suites – Anaheim South, 11767 Harbor Blvd. in Garden Grove, Calif., starting at 7:30 …
Mullin Consulting Inc., a national leader in designing, funding and administering executive benefit plans, announced the promotion of two executives to the position of senior vice president. The new senior vice presidents of the firm are: Kevin Bachler, who is …
The Insurance Council of Texas reported that on Feb. 24, 2005, Travis County District Court Judge Suzanne Covington ruled in favor of ICT in its lawsuit against the Texas Workers’ Compensation Commission. The court decided that Rule 133.309 was invalid …
The multicounty grand jury that focused much of its time on indicted former Insurance Commissioner Carroll Fisher adjourned Feb. 23 after issuing its final report, according to the Associated Press. “The grand jury met for 46 days over 18 months, …
A Colorado study shows that since the state scrapped its ailing no-fault automobile insurance program in favor of a tort-based system, rates for some consumers have dropped between 19.5 percent and 27.1 percent. The study conducted by the Property Casualty …
The American Federation of State, County and Municipal Employees Pension Plan has filed suit against American International Group (AIG) in U.S. District Court for the Southern District of New York seeking to alter the process for adding directors to AIG’s …
U.S.I. Holdings Corporation announced that effective immediately Thomas E. O’Neil, senior vice president and chief operating officer, has resigned as an officer of U.S.I. to pursue other interests. U.S.I. said it has launched a search for a permanent replacement. In …
The Doctors Company, a physician-owned medical malpractice carrier, will file with the Texas Department of Insurance to decrease its average rate level. Ninety percent of the company’s current Texas insureds will receive rate reductions. Although some reductions will range up …
