Monthly Archives: <span>January 2021</span>

Tennessee Touts 2020 Growth of Insurance Industry, Consumer Efforts

The Tennessee Department of Commerce & Insurance (TDCI) has located and returned more than $22.8 million to Tennesseans in combinedlife insurance benefits/annuities and monies through its mediation efforts in 2020. TDCI’s figures show: $10,164,747 was returned to Tennessee consumers last …

Bearley Promoted to President of Great American’s P/C Group Bond Unit

Cincinnati, Ohio-based Great American Insurance Group has promoted Kenneth (Ken) R. Bearley to divisional president within its Property/Casualty Group’s Bond Division. Bearley joined Great American in 1994 as an underwriter in the Bond Division’s Pittsburgh office. He became a bond …

Brown & Riding in California Names Nam CFO

Brown & Riding has named Harold Nam chief financial officer. Nam joined Brown & Riding in 2008 as a staff accountant. Since joining the firm, he has ascended to positions of increased responsibility. Brown & Riding is a wholesale insurance …

Safety Agency Orders Ford to Recall 3 Million Vehicles Over Takata Air Bags

Ford Motor Co. must recall 3 million vehicles with potentially defective driver-side Takata air bags, the U.S. auto safety regulator said on Tuesday, rejecting a bid by the second-largest U.S. automaker to avoid a recall. The National Highway Traffic Safety …

Supreme Court Hears Baltimore’s Climate Change Damages Claim Against Energy Firms

The U.S. Supreme Court on Tuesday grappled with a dispute that one justice called a “close call” over a lawsuit filed by the city of Baltimore against energy companies seeking monetary damages due to the impact of global climate change. …

Specialty Insurer Hallmark Financial CEO Anand Resigns; AM Best Maintains ‘A-‘ Rating

AM Best announced that it would not change the “A-” financial strength ratings of the members of Dallas-based specialty insurer Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced its chief …

Veteran Awarded $1M in Kansas VA Hospital Abuse Case

A federal judge has awarded more than $1 million in damages to another veteran who says he was sexually abused by a former physician assistant at a Veterans Administration hospital in Kansas. It’s the third time since November that U.S. …

Arthur J. Gallagher Acquires Atlas General Insurance Services in California

Arthur J. Gallagher & Co. has acquired San Diego, Calif.-based Atlas General Holdings LLC, dba Atlas General Insurance Services. Mike Mathews, Charles Lasher and their associates will remain in their current location under the direction of Joel Cavaness, president of …

Hallmark Financial CEO Resigns; AM Best ‘A-‘ Rating Maintained

AM Best announced that its would not change the “A-” financial strength ratings of the members of Dallas-based Hallmark Insurance Group nor the “bbb-” long-term issue credit rating of Hallmark Financial Services, after Hallmark Financial announced the CEO is resigning. …

Causey Sworn in for Second Term as North Carolina Insurance Commissioner

North Carolina Insurance Commissioner Mike Causey took the oath of office for his second term as North Carolina’s Insurance Commissioner last week. Causey was sworn in Jan. 9 by North Carolina Chief Justice Paul Newby in a socially distanced ceremony …