West Virginia Insurance Commissioner, Jane L. Cline, has announced that Jason C. Davenport pleaded guilty last month to one misdemeanor offense of wrongfully seeking workers’ compensation benefits, and has been sentenced on that charge. Davenport, of Strange Creek in Braxton …
The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies. The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms and other items related to the ODI’s financial regulation of …
The 2006 legislative agenda for property/casualty insurers in Colorado will be dominated by automobile insurance and regulatory issues, according to the Property Casualty Insurers Association of America (PCI). “Automobile insurance issues will once again be at the top of the …
Barriers to trade must be removed to permit foreign reinsurers to lend more support in the event of another mega-disaster such as Hurricane Katrina, Lloyd’s chairman Lord Levene told New York business leaders. Speaking to the Downtown Association and Insurance …
Earl Hyser and his co-workers figure out how to steal 30 to 60 cars every year. But they aren’t thieves. “We go back to the manufacturer and say, ‘Listen, I get a lot of phone calls on this. It’s showing …
Jason R. Ocheltree has been promoted to senior underwriter for DVUA West Virginia, Inc., DVUA Virginia, Inc. and DVUA of Ohio, Inc. As a senior underwriter, Ocheltree will be responsible for new and renewal submissions, endorsement requests, and maintaining customer/agency …
Conning Asset Management said it has been selected to manage the assets of Citigroup’s insurance affiliates, consisting of Primerica Life Insurance Company, American Health & Life Insurance and CitiFinancial International, with combined assets of approximately $8 billion. The mandate became …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of Lawyers’ Professional Indemnity Company (LAWPRO) (Ontario, Canada). The rating outlook is stable. The rating and outlook reflect LAWPRO’s underwriting and operating strength, excellent capitalization and a skilled …
Oklahoma ranks 48th among the 50 states and the District of Columbia in emergency medicine in a new report issued by the American College of Emergency Physicians. The state was given an overall grade of “D+” and the group called …
Allstate Corp. recently announced a partially completed new reinsurance program for its countrywide personal lines property and auto insurance business. The Northbrook, Illinois-based insurer said it has placed $750 million of a limit of $2 billion in excess of $2 …
