Yearly Archives: <span>2013</span>

Expanding Beyond Insurance, GAINSCO Buys Automobile Dealership

Dallas-based GAINSCO Inc. announced that it has expanded its business offerings beyond that of strictly a non-standard personal automobile insurance writer and servicer, and entered the business of owning and operating a franchised automobile dealership. Effective Nov.13, 2013, GAINSCO, through …

Farm, Crop Insurance Bill Won’t Be Ready Until January: Leaders

The four top negotiators for the new U.S. farm bill, already a year behind schedule, said on Tuesday they would not complete work until January on the legislation to cut food stamps for the poor and expand crop insurance for …

Q&A: Liability Insurance Implication for Admitting Wrongdoing in SEC Settlements

Earlier this year, the U.S. Securities and Exchange Commission reached a settlement with New York-based hedge fund adviser Philip A. Falcone and his advisory firm Harbinger Capital Partners. The agreement was the first to require a defendant to admit wrongdoing …

Northern Europe Cleans Up After Extratropical Cyclone Xaver: AIR Report

Catastrophe modeling firm AIR Worldwide has issued a report on the aftermath of Extratropical Cyclone Xaver, which affected large parts of northern Europe, particularly the United Kingdom, Northern Ireland, Germany, the Netherlands, Belgium, Denmark, southern Sweden, Poland, and the Czech …

Goodearl Joins XL from Liberty Mutual for Lloyd’s Business

The XL Group has appointed Lewis Goodearl as Chief Underwriting Officer UK P&C for its Lloyd’s business. He joins XL from Liberty Mutual Insurance where he was Vice President and Wholesale Manager, responsible for the profitable development of the account. …

Kentucky’s Health Care Call Center Adds Sunday Hours

A health care call center is expanding its hours to sign up Kentuckians for health insurance through the Affordable Care Act. The Lexington Herald-Leader reports the call center for Kentucky’s program, called Kynect, has added Sunday hours to operate from …

N.H. Expands Highway Safety Patrol With Help From State Farm

The state of New Hampshire is expanding its highway safety patrol, which helps stranded motorists. The patrol is now operating in Nashua, Merrimack, Bedford, Hooksett and Concord. The expansion, which started last Thursday, brings in the F.E. Everett Turnpike. The …

Mackey Named President of IIAT Services Co.

IIAT Services Co., a subsidiary of the Independent Insurance Agents of Texas (IIAT), has hired Jerry Mackey as its president. IIAT Services Co. provides services and products for IIAT members’ E&O, market and operational needs through the IIAT Advantage brand. …

ACE USA Appoints Springer as Kansas City Branch Manager

ACE USA, the U.S.-based retail insurance operations of ACE Group, has appointed Kimberly Springer as branch manager of its Kansas City branch office. Springer will work closely with insurance brokers and clients in the states of Kansas, Missouri and Nebraska …

Indiana Steelworkers Await High Court Ruling on Pay for Donning Protective Gear

A group of Indiana steelworkers is awaiting a U.S. Supreme Court decision on when the clock starts on their shifts at U.S. Steel Gary Works. The nation’s highest court recently heard arguments in a case filed by eight people challenging …