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

Oklahoma Governor to Seek Additional Disaster Aid

Gov. Mary Fallin says she’s pleased the government has approved disaster assistance for one Oklahoma county and that she’ll continue seeking aid for three others affected by wildfires. Fallin told dozens of emergency management officials at a conference in Norman …

Markel Executive Joins Aspen US Insurance in New York

Aspen US Insurance has appointed Richard Aldorisio as executive vice president of casualty insurance. He will be based in New York City. In his new role, Aldorisio will head the casualty insurance unit, which now includes excess and primary casualty. …

Texas Judge Restrains Waco-Based Life Settlements Firm

A Texas judge has ordered a Waco-based life settlements firm to preserve records and assets after state officials alleged the firm is in “dire financial straits.” Life Partners has been a past target of federal and state securities regulators. The …

SIAA Signs 4 New Members in Oklahoma, Texas

The Strategic Insurance Agency Alliance (SIAA) announced 40 new member agencies in July. Of those, four new members are from South Central states. Twenty-nine of the 40 are agencies new to the independent agency system, many of them former “captive” …

N.Y. Distributed $574M in Post-Hurricane Irene, TS Lee Aid So Far

New York State Gov. Andrew Cuomo on Thursday marked the upcoming one-year anniversary of Hurricane Irene and Tropical Storm Lee by issuing a comprehensive report – “NY Responds.”The report says more than $574 million in state aid has been distributed …

‘Hole-in-Won’ Golf Tourney Insurer Charged With Not Paying Up

A Connecticut businessman who specializes in insurance for golf tournament hole-in-one prizes has been charged in Washington with multiple felonies after repeatedly failing to pay up. Kevin Kolenda, of Norwalk, Conn., was charged Wednesday in King County Superior Court, Wash. …

California Health Rates Initiative Qualifies for 2014 Ballot

The California Secretary of State announced on Thursday that a ballot initiative to require health insurance companies to publicly justify and get approval for rate increases before they take effect has qualified for the 2014 ballot. Santa Monica, Calif.-based-Consumer Watchdog’s …

LAST CHANCE: Submit Now to Be a Best Agency to Work For

Don’t miss your chance to be named one of Insurance Journal’s best independent insurance agencies in the United States to work for. Nominate your agency today! You must be a current employee of the agency you are nominating. A MINIMUM …

Insurers Seek 6.1% Increase in Florida Workers’ Compensation Rates

Florida employers may see their workers’ compensation rates increase as the National Council on Compensation Insurance announced it is seeking a statewide average 6.1 percent rate hike on behalf of insurers. If approved, the NCCI filing would mark the third …

Drought Worsens in Plains, Despite Cooler Temps

The nation’s most withering drought in decades only got worse in several key farming states last week, despite cooler temperatures that at least gave those living there a break from this summer’s stifling heat, according to a new drought report …