August 31, 2007
Crop loss across Kentucky prompted by the third driest May through August in the past 113 years forced Gov. Ernie Fletcher to request U.S. Department of Agriculture disaster assistance for farmers across the Commonwealth. Fletcher said his request was made …
August 31, 2007
Florida Division of Insurance Fraud officials arrested a Tampa woman who allegedly sold fraudulent automobile coverage insurance cards. Margaret Stillings, 49, who was doing business at 4170 E. Hillsborough Ave., was arrested on Aug. 16. The Florida Department of Financial …
August 31, 2007
Insurance and Safety Fire Commissioner John W. Oxendine ordered a market conduct examination into recent allegations of invasion of privacy by Progressive Insurance Co. The examination resulted from allegations that Progressive hired private detectives to investigate its own policyholders when …
August 31, 2007
Agency Specialty Product Network (ASPN) has announced it has formed an alliance with Midwest Employers Casualty Co. (MECC), based in Chesterfield, Mo., to offer large deductible workers’ compensation programs (single and multi-state, where such products are not prohibited or restricted …
August 31, 2007
West Virginia Insurance Commissioner, Jane L. Cline, announced today that Nathan James Sigmon pleaded guilty last week to one felony count of conspiracy to commit insurance fraud. Sigmon, age 24 of Newton, N.C., was indicted on the felony insurance charge …
August 31, 2007
California-based Networked Insurance Agents announced it has appointed Stevan Feemster as territorial sales vice president for Northern Texas. Feemster comes to Networked from Crump Insurance Services Inc. where he was a marketing specialist, working with brokers on developing new business …
August 30, 2007
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A” (Excellent) and assigned an issuer credit rating (ICR) of “a” to New York-based Sompo Japan Insurance Company of America (SJA). Best also affirmed the FSR of “A”- (Excellent) …
August 30, 2007
A.M. Best Co. has affirmed the financial strength rating (FSR) of “A-” (Excellent) and the issuer credit rating (ICR) of “a-” of Validus Reinsurance, Ltd. (Validus Re), as well as the ICR of “bbb-” of Bermuda’s Validus Holdings, Ltd. Best …
August 30, 2007
Poverty dropped in Illinois last year, but the number of residents without health insurance increased, U.S. Census data released this week shows. About 1.39 million, or 11 percent, of state residents last year were poor, down from 1.49 million, or …
August 30, 2007
Massachusetts Insurance Commissioner Nonnie Burnes says four insurers not now writing auto insurance in the state have said they will enter if her plan to allow competitive pricing goes forward. Burnes is not naming the companies but when asked if …