The Roman politician, general and renowned orator, Marcus Tullius Cicero, once wrote that “custom is the best interpreter of the law.” Even today, his observations are relevant to a debate that’s about to erupt in the insurance industry. Let me …
Severe thunderstorms packing tornadoes and heavy winds rolled across Indiana on Sunday, injuring at least one person and causing widespread damage. Gov. Mike Pence said 12 counties reported either tornadoes or damage after the initial line of storms had traveled …
The Texas Department of Insurance has begun accepting applications from captive insurance companies located in other jurisdictions that would like to relocate to Texas. TDI will license the companies under a law change approved by the 83rd Texas Legislature and …
Indiana Farm Bureau Insurance announced that Joseph A. Martin, the company’s current chief operating officer (COO) and senior vice president, marketing, has been selected after a nationwide search to serve as its next executive vice president and chief executive officer …
Insurance Network of Texas announced it opened new location in Austin on Nov. 15 that will serve as headquarters for its professional services division. The new location is headed by industry veteran Gary Beck. The Professional Services Practice Group aims …
Oklahoma’s new workers’ compensation law violates the state Constitution in several ways and should be struck down, an attorney for two state lawmakers and a firefighter’s organization told a state Supreme Court referee. “There are some very, very disturbing aspects,” …
Swiss Re Ltd., the world’s second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding in Rio de Janeiro-based …
Cook Maran & Associates, an insurance broker and consulting firm with offices in East Hampton, Southampton and Melville, N.Y. as well as in Marlton and Fair Lawn, N.J., promoted six staff members to vice president. Named vice presidents are Maureen …
SullivanCurtisMonroe Insurance Services LLC named John Paganas a vice president in its Irvine, Calif. office. Prior to joining SCM, Paganas was a business development associate at National Insurance Brokerage of New York and a project manager at Turner Construction. SCM …
The board of directors for California’s State Fund Compensation Insurance approved a $100 million dividend to qualifying policyholders for the 2013 policy year. The dividend represents roughly 8.6 percent of policyholders’ 2012 estimated annual premium. “State Fund has made significant …
