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

Braxton President of The Buckner Co.’s New Colorado Office

The Buckner Co. has opened new Denver, Colo. office and named Keith Braxton president. As head of the Salt Lake City, Utah-based commercial insurance brokerage’s Colorado office, Braxton is charged with recruiting talent, building the company’s brand in the market …

Cat Modeler’s Sharknado Model Follows Campy SyFy Sequel

Editor’s note: Wednesday night’s premier of “Sharknado 2: The Second One” on the SyFy Channel followed last year’s corny flick, which lit up Twitter with praise and insults for its camp and B-grade acting. The product placement-laden, cameo-heavy sequel pitted …

Anthony to Direct Government Affairs at Insurance Institute

The Ohio Insurance Institute (OII) announced it has hired Jeff Anthony to direct its legislative and regulatory initiatives. Anthony most recently worked at the Ohio Department of Aging as a legislative liaison and previously worked in the Ohio House as …

20K Maine Residents to Get Health Insurance Premium Rebates

Nearly 20,000 Maine customers of health insurer Aetna are getting premium rebates because a provision in the Affordable Care Act limits what insurance companies can spend on administrative costs. The rebates for 2013 service, totaling more than $1.8 million, will …

Illinois Warns Insurers of Ban on Transgender Discrimination

The state of Illinois has cautioned insurers about discriminating against transgender people. The Illinois Department of Insurance bulletin issued to insurers this week details nondiscrimination provisions in the federal Affordable Care Act along with Illinois laws. Backers say the move …

A.M. Best: Outlook Stable for Wisconsin Mutual Insurance

A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” of Wisconsin Mutual Insurance Co. (WMIC), based in Madison. The ratings reflect WMIC’s solid …

Louisiana Agent Booked with 29 Counts of Insurance Fraud

Louisiana State Police have booked a 58-year-old West Monroe man with 29 counts of insurance fraud and one count of theft. Trooper Albert Paxton tells The News-Star that John Whittington, a licensed insurance agent, allegedly obtained insurance premiums in cash …

Copper Wire Thieves Hit Oklahoma City, Knock Out Street Lights

Oklahoma City police say they’re investigating the largest copper wire heist that’s ever happened in the city. Drivers were left in the dark after thieves cut down copper wires from traffic signals and light poles this past weekend. Police Cpt. …

Selective Insurance’s Q2 Profit Rises 8% to $29M

Selective Insurance Group in Branchville, New Jersey, reported its 2014 second quarter net profit rose to $29.341 million, up 8.2 percent from $27.122 million profit during last year’s second quarter. Total net premiums written (NPW) for the second quarter rose …

Shrout Joins IFG Cos. as Managing Director – Bind

IFG Cos. has added Andrew M. Shrout as managing director for its bind insurance business. Shrout will be based in Chicago and Atlanta, and will be a member of the bind leadership team that establishes and implements the new strategy …