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

Aon Touts Sidecar with Berskhire Hathaway That Was Criticized by Lloyd’s

Aon Plc, the broker that was criticized by Lloyd’s of London for a deal with Warren Buffett’s Berkshire Hathaway Inc., said the relationship actually helps make the U.K. insurance market more attractive. “It has reinforced the value proposition of London,” …

California Cruise: More Than 100 Sick

More than 100 passengers have contracted the contagious norovirus on a ship touring the California coast, however the cruise line said Thursday it doesn’t plan to end the voyage early. Some 104 passengers and 25 crew members on the Crown …

Colorado Governor Directs Flood-Repair Funds, Crisis Counseling

Gov. John Hickenlooper says $13 million from a state lottery fund will be used to help restore parks, trails and open spaces damaged by last year’s floods. Hickenlooper and officials of lottery-supported Great Outdoors Colorado traveled on Wednesday to Lyons, …

Washington Insurance Commissioner Fines Insurance Producers

Washington Insurance Commissioner Mike Kreidler issued fines totaling $23,050 against insurance companies, agents and brokers who violated state insurance regulations. The disciplinary actions and fines were levied from Feb. 10 through March 10. Following are the commissioner’s findings, and the …

North Carolina’s Teen Driving Log Results in Fewer Fatalities, More Violations

The numbers of teen driving deaths and injuries have fallen in North Carolina but moving violations are up since the state’s General Assembly imposed new requirements on young drivers and their parents before teens can drive fully on their own, …

Larson, Aga Join Leavitt Recreation & Hospitality

Leavitt Recreation & Hospitality (LRHI) added Ali Larson and Marvin Aga as commercial insurance producers focused on outdoor recreational businesses, including campgrounds, RV parks, resorts, hunting lodges and ammunition manufacturers. Larson has experience in property, auto and life insurance. Prior …

N.J.’s Consolidated Insurance Agents Changes Name to ANE, Eyes Expansion

Consolidated Insurance Agents, a network of independent insurance agencies in New Jersey, is changing its name to ANE, Agency Network Exchange. It also unveiled a plan to add resources and staff to expand its network of more than 40 independent …

NAPCO Report: Prices Decreasing, Competition Increasing in P&C Space

Insurers have become increasingly competitive and are reducing rates for most accounts as a result of low global insured catastrophe losses and added capacity from non-traditional market sources, according to wholesale insurance broker-NAPCO’s biannual State of the Market: NAPCO Property …

Former Georgia Agency Owner Charged With Insurance Fraud

Georgia Insurance Commissioner Ralph Hudgens announced this week that a former insurance agent from Franklin County has been arrested and charged with insurance fraud. Officials said James Travis Williams was arrested and charged with 15 counts of insurance fraud and …

Texas Regulators OK Formation, Redomestication of Captive Insurers

The Texas Department of Insurance (TDI) announced the formation of a new captive insurer and the redomestication of two other captive entities have been approved under new rules adopted to implement Senate Bill (SB) 734. The legislation authored by Sen. …