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

Report: Midwest Economic Conditions Improved in December

A business conditions index for nine Midwest and Plains states rose over the past month, pointing to continuing improvement in regional economic conditions, an economist said in a report released on Jan. 2. The Mid-America Business Conditions Index climbed to …

2017 Texas Surplus Lines Premium Up 6.5% over Previous Year

Surplus lines premium in Texas increased to $5.46 billion in 2017, up from $5.12 billion in 2016, according to data collected by the Surplus Lines Stamping Office of Texas (SLTX). These numbers represent a 6.5 percent growth over 2016, and …

Number of Insurance Agents Licensed in Arkansas Rose by 21% Last Year

There was a 21 percent increase in insurance agent licensure in Arkansas in 2017 compared with the previous year, state insurance regulators announced. According to Arkansas Insurance Commissioner Allen Kerr, the “increase is another example to the insurance industry that …

Oklahoma’s Howell-Stone Insurance Joins Rich & Cartmill

Howell-Stone Insurance Inc., based in Oklahoma City, has joined Tulsa, Oklahoma-headquartered Rich & Cartmill Inc., effective Jan. 1, 2018. The affiliation will combine the strengths of both organizations to allow Rich & Cartmill better opportunity to service clients, the companies …

Disasters Affected 8% of U.S. Population in 2017, FEMA Notes in Review of Historic Year

The Federal Emergency Management Agency (FEMA) supported 59 major disaster declarations and 16 emergency declarations in 2017, a year during which unprecedented disasters affected more than 25 million Americans, almost eight percent of the U.S. population. In its year-end review, …

FEMA OKs Disaster Declaration for California

The Federal Emergency Management Agency has made federal disaster assistance available to California to supplement state, tribal and local recovery efforts in the areas affected by wildfires from Dec. 4, 2017 and continuing. Federal funding is available to state and …

New Laws Aimed at Medical Bills Come into Effect in Maine

Two new laws aimed at health care costs are coming into effect. Starting the new year, Maine health insurance carriers will face new requirements under a law backed by Republican Sen. Rodney Whittemore. Carriers must allow enrollees to get cost …

Citing National Security, U.S. Kills MoneyGram Sale to China’s Ant Financial

Ant Financial’s plan to acquire U.S. money transfer company MoneyGram International Inc. collapsed on Tuesday after a U.S. government panel rejected it over national security concerns, the most high-profile Chinese deal to be torpedoed under the administration of U.S. President …

Police Identify Seven More Victims of NYC’s Deadliest Fire in Decades

Police have released the identities of an additional seven victims of New York City’s deadliest fire in decades, including a 7-month-old baby girl who was among the dozen people who lost their lives. Authorities also named five men and a …

Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar

Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd. Financial details of the …