The Texas Department of Insurance reported recently that it received numerous inquiries and complaints after Hurricane Ike relating to the failure of agents to forward applications and premium to the Texas Windstorm Insurance Association (TWIA) in a timely manner. As …
The Texas Department of Insurance (TDI) reported it has received a total of 1,201 justified complaints from the nearly 900,000 claims that originated from Hurricanes Ike and Dolly in 2008. The complaints represent less than one quarter of one percent …
Acting New York State Insurance Superintendent Kermitt Brooks announced today that he is delaying the setting of new medical malpractice insurance rates. He said the delay is to allow time for the Senate to respond to the Assembly’s approval of …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘A’ (Excellent) and assigned issuer credit ratings (ICR) of “a-” to Argus Group Holdings Limited (AGH) and its subsidiaries, Argus Insurance Company Limited (AICL), Somers Isle …
Quality claims service continues to be the top factor in how independent agents evaluate their carriers, although insurers’ financial strength ratings are now a much bigger concern for agents than in the past, an exclusive survey reveals. The survey — …
Wholesaler Colemont Insurance Brokers reports that Bob Black has been promoted to vice president in the company’s Atlanta office. Black joined Colemont in 2004 as an associate broker responsible for marketing all lines of property and inland marine business. He …
A Rhode Island court has ruled that a commercial general liability insurance policy held by the owners of the Station nightclub does not require the insurance company to defend them against criminal charges. The case arose from the February, 2003, …
The NIA Group insurance brokerage in Paramus, New Jersey, has named Peter A. Hutton as executive vice president for National Sales. In his new role, Hutton will oversee the NIA’s sales strategy, including continued growth of the firm’s property/casualty and …
Groups representing plaintiffs in car accidents are opposing General Motors’ attempt to quickly exit bankruptcy protection, arguing that hundreds of victims could be hurt by the government-led plan. U.S. Judge Robert Gerber approved a crucial step of the plan late …
Highway deaths are at an 8-year low in Florida. Also for the first time since 2000, fewer than 3,000 people lost their lives on the state’s roadways, the Florida Department of Highway Safety and Motor Vehicles reported. There were 2,983 …
