Kentucky lawmakers adopted insurance legislation during the 2008 regular legislative session that will affect agents and carriers working in the state. The Insurance Producer Modernization bill (HB 334) allows an agent to receive compensation from an insurer or client for …
The Hartford Financial Services Group Inc. has proposed a far-reaching new plan – one that includes mandatory flood insurance, IRA-like catastrophe accounts, subsidized premiums for homeowners and a federal reinsurance program – that it says would better protect coastal homeowners …
Brown & Brown Inc. announced the asset acquisition of Great Lakes Risk Management Inc., of Toledo, Ohio, by a subsidiary of Brown & Brown. Great Lakes Risk Management, with annual revenues of approximately $1 million, provides group health, life, disability …
Wells Fargo Insurance Services Inc. hired Hale “Chip” Holden III as senior vice president and sales executive, based in San Francisco. A long time member of the Bay Area risk management and insurance communities, Holden will continue to work primarily …
An Albany, New York woman who removed all her belongings from her home the day before it mysteriously caught fire has pleaded guilty to insurance fraud. Kim M. Laporte, 39, later filed a $38,000 claim under her renter’s insurance policy. …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of HCC Insurance Holdings (HCC) and its members. Best also affirmed the ICR of “a-“, the debt rating of “a-” …
Liberty International Underwriters, a part of Liberty Mutual Group, has created Private Advantage Company Combo policy to provide broad private company management coverage for directors and officers, employment practices liability, fiduciary, pollution defense and standard ISO crime fidelity. While many …
Narragansett Bay Insurance Co. in Pawtucket, R.I. has added Debra Hemingway Provolo as assistant controller. Provolo worked previously as an assistant controller at Citizens Communications Co. She has 17 years of financial accounting management experience. Blackstone Financial Group, Inc., a …
An insurance business incorporated in 1883 by two former slaves when segregation laws and white businesses considered blacks nearly invisible opens with fanfare this fall as a new state museum to honor African-American heritage. The Mosaic Templars Cultural Center opens …
Matt Arst has joined Higginbotham & Associates as a commercial account executive in the company’s Fort Worth headquarters. He brings to the agency niche expertise in hospitality industry exposures and related coverage to serve the hotel, restaurant, entertainment and special …
