Monthly Archives: <span>May 2016</span>

ITS Adds Daniels as VP, Business Development – Midwest

ITS, a Dallas-based insurance technology consulting and services firm, has added Marti Daniels as vice president of business development for the Midwest. Daniels brings significant industry experience to ITS, with more than 23 years in insurance at companies such as …

Southwest Risk Agency Services Adds Johnson as VP, Binding

Eric Johnson has joined Southwest Risk Agency Services LLC in Dallas as vice president, Binding. Southwest Risk Agency Services is a subsidiary of Southwest Risk LP. Johnson previously was with Swett & Crawford where he was vice president of the …

Alberta Wildfires Could Cost $7B with Minimal Insurer Credit Hit: Ratings Agencies

The Fort McMurray wildfires, which have been raging through northern Alberta, Canada since May 1, are likely to be the costliest natural disaster in Canadian history, according to recent reports issued by catastrophe modeling firm AIR Worldwide, rating company DBRS …

Salem Five Acquires Otis Brown Insurance Agency in Massachusetts

Salem Five, a banking and financial services company based in Salem, Massachusetts, announced that it has acquired Otis Brown Insurance Agency Inc. of Lexington, Massachusetts. Terms of the transaction were not disclosed. Otis Brown Insurance Agency is an independent agency …

Former Wisconsin Agent Ordered to Pay to $516K in Restitution, $1M Forfeiture

A former Wisconsin insurance agent has been ordered to pay more than $516,000 in restitution and a forfeiture of over $1 million for allegedly of misappropriating funds, making misrepresentations about insurance policies, and forging customer signatures on insurance documents, the …

3.8M Quake Rattles Parts of Central Oklahoma

An earthquake has rattled parts of central Oklahoma. The U.S. Geological Survey says the 3.8 magnitude earthquake was recorded at 9:59 a.m. Sunday about two miles northeast of Luther, located about 28 miles northeast of Oklahoma City in Oklahoma County. …

Changing Directions, Oklahoma Eyes Medicaid Expansion

Despite bitter resistance in Oklahoma for years to President Barack Obama’s healthcare overhaul, Republican leaders in this conservative state are now confronting something that alarms them even more: a huge $1.3 billion hole in the budget that threatens to do …

Vehicle Problems Not New for Bus Company in South Texas Crash

The small South Texas bus company involved in a rollover crash that killed eight people and injured 44 others had twice been ordered by Louisiana state inspectors in 2015 to take one of its buses off the road to fix …

Nebraska Church with No Alarm System Suffers $450 in Fire Damage

A fire at a Scottsbluff, Neb., church earlier this month caused $450,000 damage because it burned for more than five hours before being discovered. KNEB reports firefighters increased their damage estimate for the May 8 fire at Zion Evangelical Church …

A.M. Best Upgrades Ratings of Republic Underwriters Insurance, Affiliates

A.M. Besthas removed from under review with positive implications and upgraded the financial strength rating (FSR) to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a” from “a-” of Republic Underwriters Insurance Co. (RUIC) (Dallas, Texas) …