A new managing general agency — Mission Select Insurance Services, LLC — has been formed in Texas with a focus on residential property. Mission Select, based in Argyle, was formed with the backing of San Diego, Calif.-based K2 Insurance Services …
Oklahoma Insurance Commissioner John D. Doak says it’s time for the Legislature to address Oklahoma’s biggest economic issue: workers’ compensation reform. “Workers’ compensation costs are spiraling out of control,” Doak said in an announcement released by the insurance department. “Oklahoma …
Residents without flood insurance in Louisiana’s Cameron Parish should buy coverage before the new Federal Emergency Management Agency flood maps become effective Nov. 16 so they can get the best premiums, a FEMA official says. Agency spokesman Robert Alvey tells …
Hundreds of volunteers have converged on Henryville in southern Indiana, which was devastated by a deadly March tornado outbreak, for a weeklong effort to rebuild 10 homes. The Habitat for Humanity building blitz began in chilly weather Monday morning in …
More than a dozen eastern Montana landowners have filed a lawsuit against Exxon Mobil Corp. claiming the company ignored warnings before a pipeline break that spilled an estimated 1,500 barrels of crude oil into the Yellowstone River. The lawsuit from …
At the request of a youth group, a Republican Utah lawmaker plans to address concerns about climate change in a bill dealing with wildfires. State Rep. Kraig Powell of Heber City has requested the drafting of legislation that would examine …
The country’s largest provider of private federal court house security officers recently paid a $1.9 million fine to the federal government to settle allegations that some of its guards fudged results of gun-range tests. Akal Security, a New Mexico company, …
Forty-five percent of insurers estimated that insurance fraud costs represent 5-10 percent of their claims volume, while 32 percent said the ratio is as high as 20 percent. This is according to a survey of U.S. insurers showing the high …
The U.S. Supreme Court on Tuesday refused to consider a challenge to a 2008 federal law granting immunity to AT&T Inc and other telecommunications companies for helping the government eavesdrop on customers’ private phone conversations. Section 802 of the Foreign …
Despite catastrophic events in 2011, low investment yields and competitive pressures, surplus lines specialists — especially market leaders — generated healthy operating profits and returns on both revenue and surplus. And once again, the surplus lines sector outpaced the results …
