Monthly Archives: <span>January 2018</span>

Oklahoma Workers’ Comp Commission Aims for Clarity with Organizational Changes

The Oklahoma Workers’ Compensation Commission (WCC) has updated its organizational chart and changed the names of an internal division and a working group. The commission reported that the changes reflect an effort to more accurately inform the public as to …

Arkansas Welcomes P/C Insurers Lemonade, Tower Hill

Two additional property/casualty insurance carriers have been approved to conduct business in Arkansas. The Arkansas Insurance Department (AID) announced in December that Lemonade Insurance Co., has received a Certificate of Authority to sell property/casualty and marine products in Arkansas with …

Texas Workers’ Comp Costs Continue to Drop

More Texas businesses are providing workers’ compensation insurance as the cost of coverage continues to decline, according to the Texas Department of Insurance – Division of Workers’ Compensation (TDI-DWC). Premiums have fallen by 63 percent since 2005 as the department …

Louisiana Citizens Policy Count Dropping Again

The Louisiana Department of Insurance (LDI) estimates that the state’s property insurer of last resort has gone from the third largest property insurance company to the 35th in 10 years. Louisiana Insurance Commissioner Jim Donelon says the success of the …

Takata Airbag Led to Fatality in Louisiana Honda Civic Crash

Honda Motor Co.’s North American unit and the National Highway Traffic Safety Administration confirmed that a ruptured airbag inflator of Takata Corp. used in a Honda Civic caused the death of the driver in July 2017. The 2004 model car …

People

Oklahoma City-based independent insurance agency, INSURICA, has named Mark Bridges to lead its Texas operations as regional president. Bridges is currently the president of INSURICA DFB Insurance Services Inc. (formerly DFB Insurance Group LLC) and is a third-generation insurance executive. …

Jury Clears Tractor Manufacturer Kubota in Arkansas Man’s Death

A jury has rejected claims from the relatives of a man who died in a lawn mowing accident in North Little Rock in 2012. Cedric Quinn Hill was found crushed to death under a Kubota L275 tractor in May 2012. …

Mississippi to Stop Suspending Driver’s Licenses Over Unpaid Fines

A top Mississippi official said in December that the state will stop suspending people’s driver’s licenses purely because they haven’t paid court fines and fees, meaning tens of thousands of people who lost driving privileges could get them back in …

A.M. Best Withdraws West Virginia National Auto, Downgrades Ratings

A.M. Best has downgraded the Financial Strength Rating to B- (Fair) from B (Fair) and Long-Term Issuer Credit Rating to “bb-” from “bb” of West Virginia National Auto Insurance Co. (Morgantown, WV). The outlooks of these Credit Ratings are negative. …

People

S.S. Nesbitt & Co. Inc. (SSN), a Southeastern insurance agency and division of EBSCO Industries, Inc. (EBSCO), has appointed Mike Roman as vice president of its property and casualty sales. Roman is joining senior vice president of property and casualty …