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

Georgia Insurance Agent Faces 28 Counts of Insurance Fraud

A Georgia insurance agent from Pierce County has been arrested and charged with 28 counts of insurance fraud, according to a statement from Georgia Insurance Commissioner Ralph Hudgens. Dana Larson Bowen, 52, of Blackshear, Ga., is alleged to have misappropriated …

Surplus Line Premium Increased by 6.4% Nationwide in 2017

All 15 surplus lines service offices across the United States experienced increases in excess and surplus (E&S) lines insurance premium in 2017, the Surplus Lines Stamping Office of Texas (SLTX) reports. U.S. surplus line premium totaled $28.1 billion, an increase …

Former Nationwide Agent in Mississippi to Serve 10 Years for Embezzling $117K

A former Mississippi insurance agent will serve 10 years in prison for embezzling $117,863.74 from a customer and converting the money for his own use, Mississippi Attorney General Jim Hood announced in January. Charles Myrick Winstead, 54, an insurance agent …

Farmer Criticism Leads to Wisconsin Dairy Insurance Program Adjustment

Wisconsin lawmakers tweaked a federal price insurance program following criticism from dairy farmers. The Margin Protection Program for Dairy allows farmers to buy insurance that pays out when the cost to produce milk becomes too close to milk’s selling price, …

Supreme Court: Persian Artifacts Can’t Be Seized from Chicago Museum

The Supreme Court is preventing survivors of a 1997 terrorist attack from seizing Persian artifacts at a Chicago museum to help pay a $71.5 million default judgment against Iran. The court ruled 8-0 on Feb. 21, 2018, against U.S. victims …

People

St. Louis, Missouri-based Safety National Casualty Corp. announced management changes that are effective April 1, 2018. Gene Maier, executive vice president and chief underwriting officer, is retiring. During his 33-year career at the company, he has worked in various underwriting …

Death of Worker on Energy Platform Off Louisiana Coast Under Investigation

An oil and gas worker on a Talos Energy LLC platform in the U.S. Gulf of Mexico was killed on Feb. 17 while replacing piping, the Bureau of Safety and Environmental Enforcement (BSEE) said. The worker, who was not immediately …

Louisiana AG Taking Control of State’s Opioid Lawsuit

Louisiana’s attorney general is taking charge of a state lawsuit against drug manufacturers, under a deal that ends a dispute with the governor’s office over who controls litigation against the companies over the opioid crisis in Louisiana. Gov. John Bel …

People

Austin-based workers’ comp insurer, Texas Mutual Insurance Co., has added Benjamin A. Siddons as vice president of business development. Siddons joins Texas Mutual with more than 15 years of experience in the insurance industry, with seven of those in the …

NFP Focusing on Organic Growth in Central Texas Expansion

Employee benefits and property/casualty insurance broker and consultant NFP traditionally has grown through acquisitions but as the global organization targets Central Texas for expansion it plans to use another strategy altogether. NFP maintains a corporate hub in Austin and already …