The Arkansas Department of Insurance has suspended the producer and agency licenses of Timothy Walley and the Tim Walley Insurance Agency Inc. of Little Rock for multiple alleged violations, including embezzlement and misappropriation of premium. According to the department, Walley …
The U.S. Senate approved a sweeping Wall Street reform bill Thursday night, capping months of wrangling over the biggest overhaul of financial regulation since the 1930s. By a vote of 59-39, the Senate approved S. 3217, the “Restoring America’s Financial …
Drivers who make a left turn in the face of oncoming traffic may also face a traffic ticket, under a measure signed into law by Gov. Brad Henry. The new law, which goes into effect on Nov. 1, eliminates language …
Nearly one month after the April 23-24 tornadoes, federal disaster assistance provided to tornado survivors reached more than $2.4 million, according to the Mississippi Emergency Management Agency and the Federal Emergency Management Agency. More than 1,600 individuals, families and businesses …
New Jersey-based NIA Group, part of Marsh Agency, has hired three new insurance producers in its Mount Laurel, Paramus and Somerset offices. Derek Kimmel, who joins the Mount Laurel office, has broad experience in employee benefits and property and casualty …
XL Insurance appointed Gary S. Kaplan to the newly created position of executive vice president and North America Construction leader. Kaplan, who will be based in New York, joins XL Insurance from Zurich North America Commercial where he served as …
Bermuda-based RenaissanceRe Holdings Ltd. announced that the following individuals have been appointed to its Executive Committee: — Ross A. Curtis, Senior Vice President and Chief Underwriting Officer of European Operations — Aditya K. Dutt, Senior Vice President and head of …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Selective Insurance Group and its seven P/C pooling members. Best also affirmed the ICR of “a-” and debt ratings …
The Atlanta chapter of Chartered Property Casualty Underwriters (CPCU) recently installed its new officers and directors for 2010-2011. The officers are: President Robert Stevens, Crawford & Co., assistant vice president of operations; President-Elect Rodney Parker, Catlin; Secretary Sharon Ware, State …
The 2008 financial failure and system breakdown of American International Group Financial Products did not contribute to broader systemic effects within the insurance industry, according to a new financial services think tank report. The report also suggests that whether insurance …
