Monthly Archives: <span>January 2010</span>

Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents

Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S. District Judge Sidney A. Fitzwater …

Fiesta Auto Insurance to Expand Franchise Model

Huntington Beach, Calif.-based Fiesta Auto Insurance is combining its two business models — insurance and tax preparation — under one roof, quadrupling its presence to more than 80 locations during the past 10 months. Fiesta, an insurance and tax preparation …

Lockton Acquires Equity Stake in South Korean Broker IMI

Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies (Korea) Inc., or “Lockton Korea.” The bulletin noted that Lockton …

Arkansas Senator: Business Tax Hike May Be Needed for Unemployment

A lawmaker said he may propose increasing taxes on businesses to help Arkansas pay off about $220 million it owes the federal government for unemployment insurance benefits. Sen. Larry Teague of Nashville said he’s concerned about the amount of money …

Virginia County Wants Insurers to Pay for Ambulance Services

The Board of County Supervisors in Prince William County, Virginia is considering raising the cost of an ambulance trip. The board on Tuesday moved forward with a plan to have insurance companies pay between $400 and $700 plus $10 per …

Willis North America Appoints Swift as Chief Placement Officer

Willis North America (WNA), a unit of Willis Group Holdings (NYSE:WSH), named Alastair Swift to its senior management team as chief placement officer, effective immediately. Swift will report to Don Bailey, chairman and CEO, Willis North America, and will relocate …

Washington Commissioner, Insurers Debate Credit Scoring Use

Washington Insurance Commissioner Mike Kreidler is seeking to prohibit the use of credit history, education and income for rating and underwriting personal insurance — the effect of which would likely result in higher costs for consumers and less accuracy in …

Wisconsin Senate OKs Bill That Expands Malpractice Claims

The Wisconsin Senate has approved a bill that would allow for more medical malpractice claims against health care providers. The approved bill allows parents to sue for pain and suffering damages if their adult-aged children die as a result of …

Florida’s St. James Promotes Mertz to Marketing Director

St. James Insurance Group in Orlando, Florida has promoted Jonathan Mertz, vice president and operations manager, to marketing director. His new responsibilities will include all marketing and sales initiatives, distribution network management and program development. Mertz is assuming the duties …

Insurance Agent, Researcher Charged in Illinois Murder-for-Hire Scheme

A suburban Chicago insurance agent and a former university research technologist are charged in an alleged murder-for-hire scheme aimed at killing a federal prosecutor and drug enforcement agent, officials said. Jack Mann, 41, of Naperville, who billed himself “the always …