Monthly Archives: <span>May 2009</span>

Ratings: Rep. Western, Workmen’s Auto, Farmers Union, Town and Country, Sequoia, No. Am. Casualty

A.M. Best Co. has upgraded the financial strength rating to ‘B+’ (Good) from ‘B’ (Fair) and issuer credit ratings (ICR) to “bbb-” from “bb” of Arizona-based Republic Western Insurance Group and its members, which include Republic Western Insurance Company and …

Logjam in Texas House Threatens Windstorm Bill, Other Legislation

Democratic members of the Texas House of Representatives have been using stalling tactics to avoid a vote on a controversial Voter ID bill widely supported by Republicans. The only problem is, other measures, including a bill that addresses funding for …

InsurBanc Offers Information on FDIC Changes

InsurBanc is offering a summary of federal deposit insurance and current issues that affect an agency’s business and personal accounts on its Web site. InsurBanc’s site reflects the most recent changes in limits of Federal Deposit Insurance Corp. coverage. In …

FDIC: New Fee System to Replenish Insurance Fund

Federal regulators last Friday adopted a new system of special fees paid by U.S. financial institutions that will shift more of the burden to bigger banks to help replenish the deposit insurance fund. The move by the Federal Deposit Insurance …

Combined Agents Elects Management Committee and Adds New Member

Austin, Texas-based Combined Agents of America LLC (CAA) announced it has elected a new management committee for 2009. In addition, the group has added its 41st member agency – Mr. Insurance Agency Inc. of San Angelo, Texas. CAA’s new chairman …

South Dakota Hopes Rumble Strips Will Reduce Accidents

South Dakota motorists will hear and feel more bumps on the road this summer. The state Department of Transportation has started putting temporary rumble strips down in construction zones in hopes of cutting down on the number of rear-end accidents. …

Ex-con Advised Cowboys On Structure That Collapsed

The Dallas Cowboys used advice from a man who falsified his educational credentials and served federal prison time for drug trafficking to make major structural reinforcements to a practice facility whose collapse injured a dozen people. The Dallas Morning News …

Indiana Police Officer Faces Insurance Fraud Charge

A St. Joseph County, Ind., police officer who allegedly crashed a rental car while doing emergency driving moves he had recently learned at the police academy has been charged with conspiracy to commit insurance fraud. Prosecutors allege that Gary Newcomb, …

Illinois AG Joins Midwest States Seeking Protection for Chrysler Workers

Attorney General Lisa Madigan has filed an objection to the terms of Chrysler’s pending sale to Fiat in federal bankruptcy court on behalf of the Illinois Workers’ Compensation Commission (IWCC) and the Illinois Self-Insurers Advisory Board (ISIAB). Attorneys general in …

Heffernan Opens Wrap Up Insurance Solutions in Missouri

Heffernan Insurance Brokers has appointed Brian Billhartz, Larry Jackson and Cindie Allscheid to establish a new office in Chesterfield, Mo. – Wrap Up Insurance Solutions. Wrap Up Insurance Solutions is a full service wrap up administrator and consultant for all …