July 22, 2010
The Mississippi River is back above flood stage from the southern tip of Iowa through Missouri, leaving some communities on edge as more storms threaten to bring more water. Parts of southern Iowa, northern Missouri and western Illinois received 5-7 …
July 22, 2010
Decreases in average renewal premiums continued to show up for commercial clients during the second quarter of 2010, according to risk managers. Premium decreases of between 2.5 and 3.8 percent were reported for property, general liability, directors and officers liability …
July 22, 2010
Former Connecticut Insurance Commissioner Susan Cogswell, the first woman to hold the job, has died. She was 57. The Republican Town Committee of Torrington, where Cogswell lived, released a statement saying Cogswell died Tuesday morning surrounded by her family. She …
July 22, 2010
Oklahoma Insurance Commissioner Kim Holland has asked the Oklahoma Supreme Court to strike down a new state law designed to raise revenue for the state’s Medicaid program. The law imposes a fee on health insurance carriers. Holland filed a petition …
July 22, 2010
The Builder Agent Network (BAN) is expanding it offerings for Texas home builders and general contractors to include a new package policy for home builders. BAN is a managing general agent for several insurance companies and works through a network …
July 22, 2010
After a two day trial, a South Carolina workers’ compensation consultant and former state representative has been found guilty of mail fraud for fabricating payroll figures in order to obtain lower premiums for a client, according to officials. U.S. Attorney …
July 22, 2010
The Obama Administration is again opposing a move to add wind insurance to the federal flood insurance program, as has been pushed by Rep. Gene Taylor, D.-Miss. A statement from the Office of Management and Budget says Taylor’s bill, HR …
July 22, 2010
Seventeen new captive insurers formed in Vermont through the first half of the year, a rate that puts the state on pace to have one of the best years in its history in terms of new captives. Last year the …
July 22, 2010
CMIC, a Connecticut-based medical professional liability insurer, has promoted Michael F. Morgan to vice president of Business Development. Morgan’s responsibilities include the development and promotion of professional liability solutions for health care professionals and hospitals throughout New England. He joined …
July 22, 2010
A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co. …