Other Bills in Package Mostly ‘Clean-Up’ In a briefing session to introduce a package of bills supported by the Louisiana Department of Insurance for the upcoming legislative session, Insurance Commissioner Jim Donelon described the state’s insurance market as being in …
Arkansas Insurance Commissioner Jay Bradford has suspended the resident producer license of Steve Standridge, founder of Steve Standridge Insurance Inc. based in Mount Ida, Ark., for allegations that he falsified collateral used to purchase another insurance organization, and improperly retained …
$51 Million A jury in Tarrant County, Texas, awarded a suburban Fort Worth couple a $51 million verdict against a politically influential Texas homebuilder. Robert and Jane Cull of Mansfield won the verdict against Perry Homes in a suit that …
Cheryl Celcer has joined wholesale insurance provider Swett & Crawford after a nearly 30-year career with The Hartford, in which she held the position of executive select customer sales representative. Celcer will work out of her office in Oklahoma City. …
There were an estimated 30,500 intentionally set structure fires in the United States in 2008 that resulted in some $866 million in property loss, according to the U.S. Fire Administration (USFA). Intentionally set structure fires also resulted in 315 civilian …
Because of the threshold amount, many acts of domestic terrorism may not be certified. Even under the TRIA, insurers may exclude coverage for loss resulting from ‘non-certified’ acts of terrorism. After the smoke cleared and the tragedy was realized, the …
Specialty insurer Philadelphia Insurance Companies has promoted Christopher J. Maguire and Sean S. Sweeney to the position of co-presidents. Maguire joined Philadelphia Insurance Companies in 1987 and has managed underwriting operations and production. His most recent role has been as …
The Georgia Supreme Court has upheld the state’s 2005 tort reform legislation that limits the liability of emergency room medical care providers. The 4-3 ruling turned aside complaints that the law is unconstitutional because it gives special liability exemption to …
Kentucky Shock “Shame on you for the blatant, arrogant, self-effacing abuses. Equally shocking is for the board to allow executives involved in the oversight of such abuses to remain.” —Cold Spring Mayor Mark Stoeber in a letter to the Kentucky …
Florida insurance regulators have notified a Jacksonville-based insurer that it has until the end of the month to comply with solvency requirements to avoid suspension or losing its license. The warning to Southern Oak Insurance Co. is just the first …
