State officials told Congress this week that they are making progress in modernizing insurance regulation and that further improvements should be implemented by them as the debate in Washington over whether federal oversight of the industry is a good idea …
On April 15 the Missouri Supreme Court ruled in favor of a class D felony conviction of Bob Salter of St. Louis, Mo.. Salter was sentenced to one year in prison, fined $5,000 and was assigned an additional $25,000 penalty …
Standard & Poor’s Ratings has assigned its long-term ‘A’ counterparty and insurer financial strength ratings to Kenya-based African Trade Insurance Agency (ATI)with a stable outlook. “The ratings on ATI reflect very strong capitalization, strong investments, and strong liquidity,” said S&P. …
Bermuda-based PartnerRe Ltd. has established a representative office in Sao Paulo, and has applied for a license to become an admitted reinsurer in Brazil. “The move follows the opening of the Brazilian reinsurance market, and underlines PartnerRe’s commitment to the …
Liberty International Underwriters (LIU), a part of Liberty Mutual Group, announced the appointments of several new executives in its Atlanta, Houston, Los Angeles, and New York locations. The executives bring insurance industry experience ranging from five to 30 years in …
Utah Gov. Jon M. Huntsman Jr. has welcomed the state’s 100th captive insurance company, AFS Security Insurance Co. AFS is a self-insured entity of Associated Food Stores Inc., domiciled in Utah. Commissioner of Insurance D. Kent Michie, Deputy Commissioner Neal …
Why do retail agents and brokers choose a particular wholesale broker or managing general agency to work with over another? What’s more important to a retailer — service or price? Insurance Journal invites retail agents and brokers to participate in …
Oklahoma Attorney General Drew Edmondson announced his office has signed an agreement with Concentra Health Services that requires the company to pay the state more than $182,000 and institute new training procedures to settle state concerns about the company’s billing …
A prosecutor says he’s still considering criminal charges against the former chairman of North Dakota’s workers’ compensation agency. Pierce County State’s Attorney Galen Mack says he’s reviewing a state auditor’s report. It says Robert Indvik improperly used a Bottineau County …
Disciplinary actions taken by Commissioner of Workers’ Compensation Albert Betts in February and March 2008 totaled $63,800 for violations of the Texas Workers’ Compensation Act, the Texas Department of Insurance announced. Commissioner’s orders are subject to appeal to state district …
