California’s State Compensation Insurance Fund announced it has revised its broker of record policy, as well as filed for a 5.2 percent overall rate increase for 2011. The rate filing also includes changes that it says will better serve employers …
A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Erie Insurance Group and its members are unchanged following the announcement that Erie Indemnity Company has entered into …
Insurance rates for high-risk drivers insured through the Texas Automobile Insurance Plan Association (TAIPA) will decrease overall by 7.6 percent from 2010 rates effective Jan. 1, 2011. According to TAIPA, Texas Insurance Commissioner Mike Geeslin’s order decreases overall rates for …
In Rapides Parish, Louisiana, officials know they have a problem with abandoned, rundown properties. That poses another problem: what to do with them. As economic conditions have stagnated, rising numbers of properties have been vacated and left to decay. The …
North Dakota Insurance Commissioner Adam Hamm has revoked the licenses of two insurance agents. Hamm has barred a Fargo insurance agent Janet Lulay from doing insurance work in the state. He says Lulay accepted a check from an insurance client …
Marsh announced that it has signed a mutually exclusive agreement with Anglo Arab Insurance Brokers (AAIB), “the only international broker to be licensed and registered to operate in Iraq with offices across the country. Under the terms of the agreement, …
Bobette L. Puckett has been appointed president of Alper Services LLC, a Chicago-based insurance services company. Puckett, who will also retain her chief operating officer title and responsibilities, has been a part of the Alper team for 26 years and …
Washington State Insurance Commissioner Mike Kreidler has issued an order to suspend the insurance certificates of six Chubb & Son companies, effective Nov. 18, 2010. The move — which does not affect existing policies or renewals — would bar the …
Maximum Independent Brokerage LLC, a Chicago-based excess and surplus lines wholesale brokerage, announced it is hiring the entire team of McAuley Woods Midwest office effective immediately. Adrian Smith, along with his entire commercial team, brings more than 40 years of …
Home appraisers who overestimate the value of homes may be liable for fraudulent misrepresentation, the Tennessee Supreme Court has ruled. The state’s high court has overruled an appellate court that had held that because an appraiser’s estimate is an opinion, …
