June 29, 2005
New York Attorney General Eliot Spitzer and State Superintendent of Police Wayne Bennett recently announced the indictment of 12 individuals involved in reported auto theft and insurance fraud in Orange County. The arrests were a result of a joint investigation …
June 29, 2005
Alaska Gov. Frank Murkowski recently signed 18 bills into law, including legislation to reform insurance regulations. “I was pleased to sign these important pieces of legislation into law,” said Murkowski. “This Legislature addressed a number of important issues for Alaskans …
June 29, 2005
The National Association of Professional Insurance Agents (PIA) announced its sponsorship of a special program to help its members take back market share from direct writers. In cooperation with Agency Revenue Tools LLC, PIA has initiated its “Take Back Personal …
June 29, 2005
West Virginia Insurance Commissioner, Jane L. Cline, has announced that the Insurance Commission fined 10 companies and nine agents nearly $1 million dollars last year for violations relating to the insurance code of the State of West Virginia. “Insurance Commission …
June 29, 2005
Willis Group Holdings, the global insurance broker, announced that Jack Yelverton has joined Willis’ San Diego, California operations as managing partner (CEO). In this new capacity, Yelverton is charged with identifying potential acquisitions, recruiting talented individuals and assisting producers with …
June 29, 2005
The Property Casualty Insurers Association of America (PCI) said Wednesday it is concerned with the New Jersey Assembly’s consideration of A-4401, legislation to impose a possible corporate business tax on insurers to help pay for the cost of tax rebates …
June 29, 2005
The Alabama Hurricane Issues Task Force headed by Insurance Commissioner Walter A. Bell has recommended a new regulation that would force insurers to give 60 days notice to policyholders whose insurance will be changed or canceled, and concluded that Alabama’s …
June 29, 2005
Arthur J. Gallagher & Co. announced the acquisition of Classic Insurance Services Ltd. of Lisle, Illinois. Terms of the transaction were not disclosed. Incorporated in 1983, Classic Insurance Services Ltd. offers medical professional liability services for their physician and surgery …
June 29, 2005
The Independent Insurance Agents & Brokers of America testified Tuesday before a Senate committee on the ongoing question of the Premium Reduction Plan (PRP), which potentially opens the door for unqualified and poorly-trained individuals to sell crop insurance. Norman Nielsen, …
June 29, 2005
During two “Big I” conventions held in Florida in June, speakers accused the Professional Insurance Agents of Florida of taking credit for Florida Association of Insurance Agents accomplishments, while actually “giving away the playbook” to the opposition. The accusations were …