An insurance agent from Butte, Mont. who pleaded guilty to stealing more than $7,200 of his client’s premiums has been given a three-year deferred sentence and ordered to pay restitution. State Insurance Commissioner Monica Lindeen says Jeremy Hoscheid pleaded guilty …
A state official says that up to 250 employees in northeastern Iowa lost their jobs following the collapse of a financial empire owned by a businessman arrested in connection with a $200 million fraud scheme. Iowa Workforce Development spokeswoman Kerry …
Sacramento, Calif.-based insurance adjuster Sams & Associates Inc. named Marcia Gelon as the firm’s new general adjuster in Phoenix, Scottsdale and surrounding areas. Gelon joined Sams & Associates in 2012. She has more than 23 years’ experience. She has worked …
The drought has spread across much of the country, creating extreme fire risks. But no place is more at risk than Missouri. The National Drought Mitigation Center at the University of Nebraska rates Missouri’s fire risk as the highest in …
Allied World U.S., part of Switzerland-headquartered Allied World Assurance Company Holdings AG, has appointed Kevin Maloney as vice president, excess casualty.Based in Allied’s New York City office, Maloney will oversee the management and build-out of Allied World’s real estate and …
North Dakota’s insurance commissioner says he’s served a cease-and-desist order on a Fargo-area insurance agent accused of failing to pay taxes and mishandling premium payments. Commissioner Adam Hamm says the order bars Robert Schmitz and his Schmitz Insurance Agency from …
Progressive Insurance has expanded its commercial auto product with updated offerings and programs. The latest commercial package brings more coverage options and introduces a customer loyalty program. Highlights of the latest package include: Customer Loyalty Program: The new customer rewards …
The North America Construction insurance unit of XL Group plc has created two new subcontractor prequalification programs, through partnerships with Houston-based SureTec Information Systems, Inc. and ConstructSecure, a Marlborough, Mass.-based construction technology firm. The programs provide independent evaluations of subcontractors’ …
The nation’s largest publicly-held personal lines insurer, Allstate Corp., announced estimated catastrophe losses of $820 million, pre-tax, for the second quarter 2012, which includes $440 million for June. Last July, Allstate reported estimated catastrophe losses for the second quarter 2011 …
Voice mail disclaimers. Most agencies today have standard voice mail disclaimers that state something to the effect of, “No coverage can be bound or obtained by leaving a voice mail.” I support this disclaimer. However, two E&O exposures are created …
