Home insurer Magnolia Insurance Co. has been placed under administrative supervision by Florida insurance regulators who said it is in unsound financial shape and its president, H. James Irl, has resigned. The Coconut Grove-based insurer voluntarily agreed to the supervision, …
The Shaw Group of Eureka, Calif., and its affiliates: Anderson, Robinson & Starkey Inc.; Shaw & Petersen Insurance Inc.; PS Insurance Inc. dba Shaw Insurance Services; and Harbers Insurance Agency Inc. are the newest members to join PacWest Alliance Insurance …
Nevada transportation officials are investigating claims by a construction worker who says a new highway bridge south of Reno, Nev., is unsafe because he was ordered to use substandard concrete to save money building it. David Lee said he did …
An Austin businessman and two of his companies are accused in an alleged scam using former NFL players to attract investors. The Securities and Exchange Commission last Tuesday filed securities fraud charges in federal court in Austin naming Kurt B. …
The Michigan Senate adjourned before Christmas without taking action on a property/casualty insurance bill package already passed by the House of Representatives. The package would, among other things, give the insurance commissioner more authority over rates and strip insurers of …
The deregulation of the Massachusetts auto insurance market has driven up prices, boosted insurer profits, reduced consumer protections and generally created confusion in the marketplace, according to a new report by the state’s attorney general. The report, which comes roughly …
Louisiana insurance regulators are suing a company accused of selling worthless construction bonds for bids on hundreds of millions of dollars in government projects, Insurance Commissioner Jim Donelon said last week. Infinity Surety of Louisiana Inc. wasn’t licensed to operate …
More Cedar Rapids homeowners are accepting buyout offers for their flood-damaged properties. Officials say 17 more homeowners have signed offers to have the city buy their properties, which were heavily damaged in the flood of 2008. That brings to 45 …
North Dakota Insurance Commissioner Adam Hamm has issued a cease and desist order against Patricia Howard, a Dunn Center insurance agent, who is alleged to have engaged in deceitful and dishonest practices against her insurance clients. The order bars Howard …
Massachusetts Attorney General Martha Coakley’s Office has filed a lawsuit against the owners and agents of a Bay State insurance agency, alleging the business pocketed $3.4 million in fees it disguised as insurance premiums. The lawsuit names Peabody-based Kilgore Insurance …
