Allen E. Weintraub of Miami, Fla. has been arrested for collecting more than $100,000 for worthless hurricane insurance he sold to at least 45 consumers. The arrest was announced by Tom Gallagher, Florida’s CFO, who warned homeowners three weeks ago …
San Antonio-based Argonaut Group Inc. announced that Argonaut Insurance Company has settled its longstanding dispute with the Los Angeles County Metropolitan Transportation Authority (“MTA”). The settlement requires the MTA to make a cash payment to Argonaut in the amount of …
The American Insurance Association (AIA) is reportedly extremely disappointed that the federal agency overseeing motor carrier safety has approved new rules that would allow commercial truckers to drive more with less rest, thus increasing the risks to others who use …
At a ceremonial bill signing held earlier in the week, the Delaware Captive Insurance Association (DCIA) commended the Delaware General Assembly and Delaware Gov. Ruth Ann Minner for the recent passage of House Bill 218, which amends the state’s legislation …
The Texas Department of Insurance/Texas Workers’ Compensation Commission Transition Team announced it is soliciting comments on the development of HB 7 Rule Priority Options, including the proper sequencing of rule proposals over the next fiscal year. The transition team would …
The Colorado Legislature’s Interim Committee on Auto Insurance has concluded that there needs to be more uniformity in presenting and explaining automobile insurance coverage options to residents buying or renewing policies. Two years ago, the state converted from a “no …
The Independent Insurance Agents of Tarrant County recently held their annual Installation Banquet at Rolling Hills Country Club in Arlington, Texas. Ron Brown was installed as president of the association. Brown started his insurance career in Houston in 1970 with …
California Gov. Arnold Schwarzenneger and other state officials who are part of the California Earthquake Authority are considering whether to reduce quake insurance rates in the state by 22 percent. The proposal before the Authority suggests that the reduction is …
The Utah Supreme Court has declared that Workers Compensation Fund’s assets are owned by policyholders, not the State of Utah. The ruling in favor of WCF settles long-standing challenges by the State of Utah and upholds previous Supreme Court and …
General Electric Co. likely will sell all of its remaining insurance operations, which include Kansas City-based GE Insurance Solutions, the local company’s chief executive told Bloomberg News. Bloomberg reported the comments of Ron Pressman, head of GE Insurance Solutions, from …
