Oklahoma will have a new insurance commissioner next year, as insurance agent John Doak joined the Republican sweep in the Nov. 2 midterm elections to defeat current Commissioner Kim Holland. Unofficial results on Nov. 3 from the Oklahoma State Election …
Floods, Erosion and Other Hazards “The Galveston-Harris County area is one of the most floodprone areas in the United States. … Also, erosion is a huge problem that is not going away any time soon. —Sam Brody, who heads the …
Texas State Rep. Larry Taylor, R-Friendswood, in late October filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement between the Texas …
Republican Mark Darr, an insurance agent, will be Arkansas’ next lieutenant governor, having beaten Democrat Shane Broadway on Nov. 2. Darr, from Rogers, clinched the victory in a close race in his first attempt at elected office. He is an …
HCC Specialty Houston-based HCC Insurance Holdings Inc. is combining its Professional Indemnity Agency (PIA), HCC Public Risk and HCC Specialty Underwriters units under a newly created underwriting division, HCC Specialty. HCC Specialty will be led by Bill Hubbard as CEO. …
If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the stamping office were meant to capture the attention of managing general agents doing business in the …
The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and is chairman of its Surplus Lines Task Force. He will …
$2.4 Billion American International Group, Inc. (AIG) reported a net loss of $2.4 billion for the third quarter of 2010, compared to net income of $455 million in the third quarter last year. The loss was attributable to restructuring and …
Yes, You Can “They said, ‘Yes, we have that authority.’” —Elaine Skorich, an assistant attorney general in West Virginia praising a state Supreme Court ruling upholding the authority of West Virginia’s mine safety office to suspend coal miners. The decision …
Accused swindler Allen Stanford may not use $100 million in a Lloyd’s of London directors and officers insurance policy to pay the lawyers defending him on charges of running a $7 billion fraud, a U.S. judge in Texas ruled recently. …
