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

Business Moves

Wells Fargo Insurance Services, Grady & Associates Wells Fargo Insurance Services Inc. signed a definitive agreement to acquire Grady & Associates, a retail broker in Las Vegas. The acquisition closed June 1, 2009, and terms of the transaction were not …

Declarations

Above and Beyond Autos “Insurance fraud in the islands is not solely committed against automobile insurance, and the state’s effort should not be restricted to a single line of insurance.” —Coalition Against Insurance Fraud applauding Hawaii’s new law that expands …

Central Oversight of Levees Needed in Arkansas

Arkansas is putting its residents and economy at risk by failing to adopt a centralized system for flood-levee oversight, the state’s lawmakers have been told. Representatives from the Arkansas Natural Resources Commission told members of the Legislative Joint Audit Committee …

P&C Insurance Industry Will Be Smaller at End of Financial Crisis

I.I.I. President Says Recovery Will Be Slow, Uneven While property and casualty insurance companies remain somewhat insulated from what happens in the general economy, the industry is projected to be smaller, in dollar terms, once the current financial crisis is …

People

Houston-based insurance agency Bowen, Miclette & Britt named Dan Persha director of environmental risk management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty, energy and environmental services placements. Persha holds Certified Insurance Counselor and Certified …

It Figures

1,636 The number of commercial vehicles the Texas Department of Public Safety (DPS) troopers removed from service during Roadcheck 2009, which ran from June 2 through June 4. DPS troopers inspected 7,316 commercial vehicles, a 25.6 percent increase from Roadcheck …

IIAT Installs New Leadership, Names Award-Winners

At the recent Independent Insurance Agents of Texas (IIAT) 112th Annual Trade Show & Conference in San Antonio, the group installed new officers and directors, and presented membership service awards. Bryan Shofner, president of Shofner & Associates Insurance Agency Inc., …

Business Moves

TWFG General Agency, Universal North America, Lincoln General The Woodlands, Texas-based TWFG General Agency has entered into an agreement with Universal North America Insurance Co. to offer renewal policies to Lincoln General Insurance Co.’s Texas policyholders. Lincoln General’s current in-force …

Citizens, Work Comp Bills OK’d in Louisiana

The Louisiana Legislature adjourned June 25, approving two bills of importance to the insurance industry late in the session, but bypassing several tort reform measures that some insurance and business trade groups had supported. SB 130, which revises the way …

Oklahoma Regulators: Insurance Agents Being Targeted

Oklahoma Insurance Commissioner Kim Holland has warned the state’s insurance producers and adjusters they may be contacted by imposters posing as Oklahoma Insurance Department employees seeking confidential personal information. The insurance department has received reports of individuals calling insurance agents …