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

South Texas Brokers Charged with Multi-Million Dollar Insurance Fraud

Two licensed insurance brokers with offices in the Brownsville, Texas, area have been charged with conspiracy, mail fraud and wire fraud in a multi-million dollar scheme, according to U.S. Attorney Tim Johnson. The U.S. Attorney’s Office for the Southern District …

California Commissioner Seeks Comments on PAYD Auto Insurance

California Insurance Commissioner Steve Poizner has issued proposed regulations for Pay-Drive (Usage Based Auto Insurance), and is accepting public comments on the proposal until 5 p.m., Thursday, July 9, 2009. According to the Commissioner, “Insurers frequently rely on consumers to …

Former State Auto Chairman Dies at 81

Theodore R. (Ted) Magley, a nearly 45-year employee of Ohio-based State Auto Insurance Companies and former chairman of the board, died at home on June 22, after a brief battle with cancer. He was 81. In 1949, shortly after receiving …

Cleary Joins Colemont as Vice President

Colemont Insurance Brokers has named John Cleary as vice president and casualty broker. Cleary will be physically located in New Jersey, but he will be working as part of the Hartford, Connecticut office. He brings over 25 years of experience …

The Hanover Insurance Group Names Casper Regional President in West

The Hanover Insurance Group has named John Casper regional president of its emerging western region. Based in Denver, Casper will lead the company’s efforts to expand its footprint in the western part of the country. “We have established strong momentum …

Connecticut Trucking Company Owner Sentenced to 6 Years in Prison

The former owner of a Connecticut trucking company has been sentenced to six years in jail on manslaughter and insurance fraud charges for his role in a fiery truck crash at a major suburban intersection that left four people dead, …

Illinois Insurance Agent Pleads Guilty to Fraud

Zion, Ill., resident Reuben Collier Jr. has pleaded guilty to four Class 3 felony charges in Lake County Court, the Illinois Department of Insurance announced. Collier, an insurance agent licensed by the Department, operated Collier Insurance Agency based in Waukegan, …

TJX Reaches Settlement with States on Data Theft

The parent company of retailers T.J. Maxx and Marshall’s will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers. Framingham, Mass.-based TJX Cos. said Tuesday …

California Broker Lawson-Hawks Acquires Truckee Insurance

Mountain View, Calif.-based Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., has acquired Truckee, California Insurance Agency. Terms of the transaction were not disclosed. John Miller, CEO of Lawson-Hawks Insurance Associates, said of the …

West Virginia Workers’ Compensation Insurer Approved in Kentucky

West Virginia’s BrickStreet Mutual Insurance Co. said it received word this week that it has been approved to write workers’ compensation insurance in Kentucky. The expansion into Kentucky begins a “new phase of open market competition” for the former state …