Monthly Archives: <span>January 2014</span>

Missouri Settles with Nationwide Insurance over Workers’ Comp Inconsistencies

Missouri insurance regulators announced a settlement agreement with Nationwide Agribusiness Insurance Co. and Farmland Mutual Insurance Co. following a market conduct examination into the companies’ handling of workers’ compensation insurance. Department of Insurance Director John M. Huff reported that as …

The Motorists Insurance Group Restructures Business Model, Management Team

Motorists Insurance Group President and CEO David L. Kaufman announced a new functional structure for the Columbus, Ohio-based group’s 10 property/casualty insurance, life insurance and insurance brokerage companies. In the new structure, functions are organized under members of the group’s …

Connecticut’s Access Health CT Enrolled 86,000 Since October

Access Health CT, Connecticut’s health insurance marketplace, says it has so far enrolled 86,000 people in private health care plans and Medicaid since open enrollment began in October. Chief Executive Kevin Counihan said Thursday the exchange is adding 500 to …

Texas-Based Talon Insurance Agency Merges with Higginbotham

Higginbotham, headquartered in Fort Worth, Texas, and Talon Insurance Agency announced the merger of their operations. Both are independent insurance firms based in Texas providing commercial and personal insurance, risk management and employee benefit services. Talon Insurance Agency has a …

Traffic Deaths in Wisconsin Drop by 12% in 2013

Traffic deaths in Wisconsin fell 12 percent last year, a drop that state transportation officials partly credit to safety and awareness programs that resonate with younger drivers. There were 530 road fatalities last year, down from 601 road deaths the …

AIG’s Benmosche Receives Leadership Award From St. John’s University in N.Y.

St. John’s University’s School of Risk Management (SRM) held its 19th annual “Insurance Leader of the Year” awards dinner Wednesday before a crowd of more than 1,400 in New York City.Robert H. Benmosche, president and CEO of American International Group, …

Oklahoma Insurance Agent Accused of Defrauding Elderly Couple

Tulsa insurance agent Presley Keith Dennis has been arrested and accused of defrauding a Muskogee couple out of nearly $300,000, the Oklahoma Insurance Department reported. The arrest follows an investigation by the department’s anti-fraud unit. The victims, an 80-year-old man …

Oklahoma Lawmaker Files Bill to Fund School Storm Shelters

An Oklahoma lawmaker has filed legislation that would ask voters to decide whether to fund storm shelters in public schools. The measure was filed by Rep. Joe Dorman of Rush Springs, a Democratic candidate for governor. It is similar to …

Remapping, Subsidy Loss Raising North Dakota Flood Insurance Costs

Had Greg Larson, a realtor and riverside homeowner in Bismarck, N.D., and his family changed their flood insurance policy, their cost would have gone from $705 a year to $4,200. Increases in flood insurance rates are making some of Bismarck-Mandan’s …

Florida Bill Would Restrict Insurers in Underwriting Gun Owners

Florida lawmakers say they want to protect policyholders’ second amendment rights to bear firearms by preventing insurers from issuing, renewing or canceling a policy based on whether the policyholder possesses a gun. The state’s Senate Banking and Insurance Committee earlier …