Addison, Texas-based Affirmative Insurance Holdings Inc. announced that it has signed a definitive agreement to acquire the assets of IPA LLC, an underwriting agency with operations in Michigan. The underwriting agency currently generates personal nonstandard auto insurance premiums of approximately …
The Missouri Department of Insurance has refused to issue an insurance producer license to Rochelle K. Whatley of Kansas City due to a felony conviction involving dishonesty and fraudulent conduct. On March 23,2005, Whatley applied for license with the department …
The Troy, Mich., office of the Hylant Group insurance agency has added two executives to its employee benefits practice. Bob Carroll is the new senior vice president and Christine Marek joins as account executive. Both join Hylant Group after many …
AssuranceAmerica Corporation has announced its expansion into Alabama’s auto insurance market with sales of its first auto insurance policies in the state. The Atlanta-based company is represented by more than 300 independent agents and now markets auto policies in Alabama, …
Statistics offer justification of the “Right States” approach utilized by property casualty insurers – to a point, according to a new study by Conning Research and Consulting Inc. “Our analysis of data from 1998-2003 shows that for many lines in …
Chicago-based commercial insurer CNA Financial Corp. has received a subpoena from New York federal prosecutor David Kelley relating to his investigation of finite reinsurance. Kelley, the U.S. Attorney for the Southern District of New York, has asked at least 10 …
Florida’s Chief Financial Officer Tom Gallagher has urged Insurance Commissioner Kevin McCarty to reject a 36.7 percent rate increase request by Cincinnati Indemnity Company/Insurance Company. “After directing our Consumer Advocate’s office to review the request for an increase, our team …
New York’s highest court has dismissed an attempt to block the plan to convert Empire Blue Cross and Blue Shield into a for-profit company. The planned conversion is projected to provide the state with as much as $4 billion in …
When Connecticut insurance agents were given an opportunity to rate their insurance companies’ performance once again, the results were consistent with previous rankings. Of the highest performers this year, about 55 percent were repeaters from last year and about 35 …
The Bermuda-based White Mountains Insurance Group, Ltd. (WTM) has announced several changes. Joseph Steinberg, the chairman of Olympus Re, has resigned from the company’s Board of Directors. He will be replaced by Michael Frinquelli. In a separate bulletin WTM said …
