Monthly Archives: <span>July 2012</span>

Calif. Joint Operation Targets Underground Economy

A statewide joint task force in the fight against California’s underground economy has netted contractors allegedly operating illegally, resulting in 104 enforcement actions, California Insurance Commissioner Dave Jones announced. Detectives from the California Department of Insurance (CDI), the Contractors State …

Penn.-Based Venture Insurance Programs Names New Sales Representative

Venture Insurance Programs, a national program administrator based in West Chester, Penn., has appointed Stephen Holcombe as a Northeast/Mid-Atlantic sales representative.As a sales representative, Holcombe is responsible for gaining increased submissions and building broker relationships in the Northeast and Mid-Atlantic …

Illinois Agency Launches Traffic Safety Campaign

Illinois transportation officials are working to curb the number of roadway fatalities with the help of message boards. Illinois Transportation Secretary Ann Schneider is launching a statewide digital message board campaign that will feature traffic safety messages. Officials say the …

Nebraska Insurance Agent Facing Perjury Charge Running for Office

A Lincoln, Neb., insurance agent plans to continue running for re-election to a natural resources district board even though he is due to be sentenced for perjury next month. Larry Hall is also in the midst of bankruptcy, his insurance …

Appalachian Underwriters Restructures, Names 5 Regional Vice Presidents

Oak Ridge, Tenn.-based wholesale broker Appalachian Underwriters Inc. has restructured its organization to align with its regional strategy. The corporate office in Oak Ridge also houses the Southeast region. It has four other regional offices in San Diego, California; Sanford, …

New Crash Avoidance Features Reduce Claims, Says Insurance Safety Institute

Advanced crash avoidance technologies include some clear success stories when it comes to preventing crashes, insurance claim analyses by the Highway Loss Data Institute (HLDI) show. Forward collision avoidance systems, particularly those that can brake autonomously, along with adaptive headlights, …

With Supreme Court Ruling In, Employers Turn to Healthcare Law’s Requirements: Mercer

The majority of employers in a recent survey said they had been waiting for the U.S. Supreme Court’s decision before developing a strategy to respond to the law’s provisions slated to go into effect in 2014 and beyond. While 40 …

Policy Counts for States’ Property Insurers of Last Resort Grew 17% in 2011: III

A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent increase over the previous record of 2.84 million in 2010. More than half of …

Tyner Receives Customer Service Award from Independent Insurance Agents of Texas

Independent Insurance Agents of Texas (IIAT) announced that Susan Tyner, commercial marketing account executive for Allred Thompson Mason Daugherty, a division of Higginbotham & Assocs. in Wichita Falls, was awarded the Accredited Customer Service Representative (ACSR) of the Year at …

Best Assigns ‘A-‘ Ratings to S.A.C. Re, Ltd.; Outlook Stable

A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to newly established, Bermuda-based, S.A.C. Re, Ltd., both with stable outlooks. The ratings for SAC Re are based on its “excellent risk-adjusted …