Gov. Arnold Schwarzenegger has estimated the Easter earthquake caused about $91 million in damage in impoverished Imperial County. Schwarzenegger’s office sent a letter to the federal government with the preliminary estimate and asked that the quake that left two people …
NorthWestern Energy’s insurance company will pay the city of Bozeman, Montana about $163,000 for costs incurred in the aftermath of a deadly natural gas explosion downtown. City commissioners voted unanimously to accept the settlement, even though they were seeking $310,000. …
Austin, Texas-based Combined Agents of America LLC (CAA) members see a growing appetite among businesses and non-profits for directors and officers liability insurance (D&O), error and omissions insurance (E&O), and employment practices liability insurance (EPLI). According to CAA, many of …
Lockton Financial Advisors and Lockton Investment Advisers has expanded its Dallas-based retirement practice. Glenn Able joins the Lockton retirement team as vice president. Able has more than 24 years of experience in the financial services industry with an extensive background …
Hallmark Financial Services Inc., an insurance holding company based in Fort Worth, Texas, has promoted James A. Damonte to serve as president of its Heath XS subsidiary. Damonte will have responsibility for the day-to-day operations and future direction of Heath …
Oklahoma State Rep. Ken Luttrell is proposing a complete overhaul of Oklahoma’s worker’s compensation system that would result in sending all workers’ compensation claims to district civil courts. Luttrell has filed an amendment to Senate Bill 1973, expected to be …
The Supreme Court of Texas has decided against a proposal that would have required attorneys in the state to disclose whether they have professional liability insurance. In a recent letter to State Bar President Roland Johnson, Chief Justice Wallace B. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of “aa” of Indianapolis, Ind.-based Baldwin & Lyons Group, which includes Protective Insurance Co. and its wholly owned subsidiary, Sagamore Insurance Co. …
Hylant Group, a privately owned insurance brokerage firm headquartered in Ohio, has hired Jackie Iwanski as manager of Health and Wellness Strategies in the firm’s Employee Benefits Practice. Iwanski will develop a series of interactive health and wellness programs, establish …
Bank style regulation on property/casualty insurers would lead to significant policy error, says a leading insurance industry econmist. “Bank style regulation would needlessly raise insurance costs for hundreds of millions of insurance consumers and could unfairly require insurers to subsidize …
