Texas Mutual Insurance Company reported that, in unrelated cases, Texas grand juries indicted two former prison guards on workers’ compensation fraud-related charges. Both guards were allegedly “double-dipping,” a term investigators use for claimants who collect income benefits by saying they …
The Texas Committee on Insurance Fraud reported that Gov. Rick Perry has signed legislation making it tougher on criminals who commit insurance fraud in Texas. All three bills were strongly supported by the committee. Senate Bill 871 by State Sen. …
Three awards have been presented by the Independent Insurance Agents of North Carolina: Dean Wooten has been named “Young Agent of the Year;” Burns & Wilcox/Moorehead City has been named “Broker of the Year;” and GMAC Insurance has been honored …
Lane Milam has joined Montgomery, Ala.-based Palomar Insurance Corp. as executive vice president of sales and marketing. His responsibilities at Palomar will include the direction and management of the Palomar sales force and marketing efforts. Milam has 30 years of …
General Electric Company said Monday it received a subpoena from the U.S. Attorney’s Office for the Southern District of New York seeking documents relating to finite risk insurance. The subpoena is reportedly general in nature. As previously reported, GE Insurance …
The Independent Insurance Agents of Georgia appointed its slate of officers during its general meeting in Destin, Fla. Kay Wimberly, outgoing president, passed the gavel to David F. Lewis, incoming president. Other officers inaugurated during the ceremony were Mike Clark, …
USI Holdings Corporation announced the closing of the acquisition of Fremont, California-based Humanex Inc. This acquisition is expected to contribute approximately $2.5 million of revenues to USI on an annual basis. Terms of the transaction were not disclosed. Humanex provides …
Dallas-based RISC Inc. announced that Roger Herron joined the firm as a senior underwriter in its MGA department. He will be focusing on small to mid-size property, general liability, liquor liability, inland marine, auto and umbrella coverages. Herron began his …
Well-intentioned legislation aimed at fighting broad-based identity theft needs several changes in order to work effectively for property/casualty insurance policyholders, an American Insurance Association spokesman said. “Similar security breach legislation has been introduced in several states this year in the …
The terrorism insurance system in the United States is failing to provide businesses with adequate financial protection, leaving the nation vulnerable to economic disruption if there is a major terrorist attack, according to a RAND Corporation study issued Monday. The …
