Monthly Archives: <span>April 2022</span>

Former California Insurance Agent Arraigned for Stealing Premiums

Former California insurance agent Marc Leigh Miles, 71, formerly of Irvine, and currently residing in Eagle, Idaho, was arraigned on nine felony counts of grand theft, insurance fraud, and forgery after allegedly stealing $48,500 in premiums and a fraudulent claim …

Coaching Youth Hockey Bonds Insurance Pros On & Off The Rink

Rob McGaver was a few months into coaching his son’s youth hockey team when he wanted to know a little bit more about one of the other coaches, Chad Muchow. The two fathers had hit it off right away on …

Is Your Agency on ‘Par’ with Cash Management?

This post is part of a series sponsored by InsurBanc. As you may know, in the golfing world, “par” refers to the number of strokes that an expert golfer would be expected to make on a determined hole or course. …

RMS Promotes Steel to General Manager, Succeeding White

RMS, the Newark, Calif.-based risk modeling company, announced that Michael Steel has been appointed to its top leadership position of general manager. Steel succeeds Karen White, who has recently stepped down following the completion of the Moody’s acquisition. With more …

State Farm Awards ICT $40,000 Grant to Promote Education Programs in Texas

State Farm Insurance has awarded the Insurance Council of Texas (ICT) with a $40,000 grant to promote and develop education programs throughout the state. ICT will use the grant to grow its multiple public service and educational campaigns to inform …

Gulf Coast, Mississippi River Regions Eager for Flood Funding

When Hurricane Ida hit last summer, a storm surge overwhelmed a levee and gushed into Ted Falgout’s coastal Louisiana home, destroying his furniture and the beloved framed photos of his twin sons kissing him on their first day of school, …

Arthur J. Gallagher Acquires Illinois’ G.A. Mavon & Mavco

Arthur J. Gallagher & Co. announced the acquisition of Hinsdale, Illinois-based G.A. Mavon & Co. and its Mavco Insurance Agency, Inc. subsidiary. Terms of the transaction were not disclosed. Founded in 1916, G.A. Mavon & Co. is a fourth-generation, family-run, …

Special Florida Insurance Session Welcomed, but Will It Come Soon Enough?

Florida’s governor has yet to set a date for a special legislative session aimed at the property insurance crisis in the state, but some in the industry, while welcoming the gathering, said it may come too late for struggling insurers …

AM Best Assigns Credit Ratings to Michigan’s Manufacturing Technology Mutual

AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Manufacturing Technology Mutual Insurance Company based in Novi, Michigan. The outlook assigned to these Credit Ratings (ratings) is stable. …

LaBranche to Succeed Roth as RIMS CEO

RIMS announced Gary LaBranche will take over as the society’s new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as president and CEO of Virginia-based …