The National Alliance Research Academy, based in Austin, Texas, announced it is once again conducting its Growth and Performance Standards (GPS) survey to gauge agency performance. Performance averages will be provided, as well as high-performance standards for agencies in the …
Texas-based Heartland Marketing Group announced it has hired George Van Horn as senior commercial underwriter with the responsibility of continuing the development of their large account program. Van Horn has over 22 years of insurance experience including stops at CNA, …
The Insurance Council of Texas (ICT) reported that it is partnering with the Austin Police Department to kick-off an innovative education effort to reduce automobile burglaries. The partnership led to the creation of signs that read, “LOCK your door, TAKE …
Tucked away in the 2004 annual report of Progressive Insurance is big news for the New Jersey auto insurance marketplace. The giant insurer, which exited the state in 1983, is driving back. In the report’s section titled New Horizons, Glenn …
Two Nigerian-born siblings were arrested in 2002 on charges of tapping into ChoicePoint Inc.’s vast database of personal information, a security breach similar to one announced by the data warehouser last month, a newspaper reported this week. Bibiana Benson, 39, …
Bank of America announced today that it has reached an agreement to pay $460.5 million to settle class action securities litigation involving Worldcom. Under the terms of the settlement agreement, which is subject to court approval, subsidiaries of Bank of …
North Korean ships seeking to enter Japanese ports faced a new hurdle this week as a law took effect requiring large vessels visiting the country to have insurance against oil spills and other accidents. Japanese lawmakers campaigning to impose economic …
A comprehensive civil justice reform bill was passed by the Missouri House of Representatives last month. House Bill 393 contains numerous provisions designed to lower tort costs to employers and insurers. These include venue reform, that is, limiting the current …
The House on March 1 approved two bills that attempt to stem rising doctors’ liability insurance costs by allowing state officials to learn more about damage awards in malpractice cases and hospital mistakes that lead to lawsuits. One bill would …
General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the largest insurance fraud cases in that state’s history. The …
