Monthly Archives: <span>March 2011</span>

Texas Associates Insurors Adds iPad App for Customer Service

Texas Associates Insurors has released the Texas Associates iPad application, the agency’s latest customer service tool. Texas Associates Insurors launched an application for the iPhone in late 2010. The iPad “application was a natural next step after the release of …

Few Taking Final Offers to Settle Oil Spill Claims

Records show that in the last two weeks more than 8,100 people and businesses have been offered final payments from BP’s oil spill compensation fund, but few have accepted so far. Gulf Coast Claims Facility data show that only about …

New Louisiana Online Auto, Homeowners Rate Guides Available

Louisiana Commissioner of Insurance Jim Donelon announced that the 2010 online auto and homeowners rate comparison guides are now available for viewing on the Department of Insurance Web site at www.ldi.la.gov. The automobile quotes reflect various rating situations such as …

Florida Announces 17 Arrests in Largest-ever PIP Bust

Florida’s “Operation Deep Horizon” has netted 17 arrests — including a clinic owner, doctors, clinic employees and staged recruiters — in the state’s largest-ever auto personal injury protection (PIP) insurance bust . Chief Financial Officer Jeff Atwater, along with Miami-Dade …

Maine Regulators Recovered $3.5 Million Last Year

Maine insurance regulators say they recovered nearly $3.5 million for insurance consumers whose claims were underpaid in the state last year More than $1.5 million was recovered for consumers by the Bureau’s Property and Casualty Division, and nearly $2 million …

Kansas Studying Impact of Health Insurance Act on Agents, Insurers

Kansas Insurance Commissioner Sandy Praeger will conduct a public fact-finding hearing March 14 regarding the impact on Kansas insurance companies and agents of a medical loss ratio (MLR) provision in the federal Affordable Care Act (ACA). The hearing will begin …

Florida Allows Reinsurer Allied World to Post Lower Collateral

Florida is allowing the Allied World Assurance Co. to meet a lower collateral requirement, making the Bermuda-based foreign reinsurer the ninth such reinsurer the state has approved. “We are encouraged by the number of reinsurers who are participating in Florida’s …

Colorado Casualty Expands Small Commercial Appetite

Colorado Casualty, a Liberty Mutual Agency Corp. regional company, has expanded its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector (BOP) product. The majority of the additional classes are in wholesale/retail, office, …

Ohio Casualty Targets Small Commercial Growth

Ohio Casualty, a Liberty Mutual Agency Corp. regional company, announced the expansion of its small commercial appetite with the addition of more than 60 business classes to its Commercial Protector BOP product. The majority of the additional classes are in …

ProspX Welcomes Assurex Global’s Cornish to Board of Directors

Austin, Texas-based ProspX Inc., developer of a technology-based search and sales service for the commercial insurance industry, announced that Thomas M. Cornish has joined the ProspX board of directors. Cornish, a 29-year veteran of the banking and insurance industry, is …