News Briefs

News Briefs

JPMorgan Chase sells life and annuity business to Protective Life JPMorgan Chase & Co. has agreed to sell its life insurance and annuity underwriting business to Protective Life Corp. for about $1.2 billion in cash. JPMorgan Chase has its corporate …

News Briefs

Three Texas agencies make ’50 Best Companies’ list Three independent insurance agencies were among the “50 Best Companies to Work for in Texas” honored at a luncheon hosted by the Texas Association of Business, Texas Monthly magazine and the Society …

News Briefs

Agency Management Resource Group holds producer school The Ultimate Producer School, provided by Agency Management Resource Group (AMRG) is hosting its next school starting in April 2006 in Sacramento, Calif. The school combines technical coverage information, emphasizing commercial insurance, with …

News Briefs

Ariz. could deny benefits to those who test positive for drugs, alcohol Arizona lawmakers have preliminarily approved a bill and constitutional amendment that would deny workers’ compensation benefits to employees injured or killed on the job who test positive for …

News Briefs

N.Y. shuts comp trusts Two of New York’s 70 workers compensation self-insurance trusts are being shut down by state officials. The two trusts are the Provider Agency Trust for Human Services and the Manufacturing Industry Workers Compensation Self-Insurance Trust, according …

News Briefs

Health insurance plan: new option for low-income Kansas residents Low-income Kansas residents, who have not had health insurance for more than a year, may qualify for a new program that promises half-price premiums, Blue Cross and Blue Shield of Kansas …

News Briefs

Aon’s Political Risk Map shows an unsafe world U.S.-based companies with business interests abroad will not be trading in a safer world in 2006, according to Aon’s newly published global business risk analysis in its 2006 Political & Economic Risk …

News Briefs

Conn. Democrats eye merger of departments Senate Democratic leaders in Hartford have come up with several proposals they say will make Connecticut more business friendly, including the merger of the insurance and banking departments to “better serve the mutual needs …

News Briefs

Massachusetts Auto Producer Reassignments Delayed: Massachusetts Insurance Commissioner Julianne Bowler has asked that a plan for reassignment of auto insurance producers doing business with the state’s residual market, Commonwealth Auto Reinsurers, be delayed in response to criticism by several insurers …

News Briefs

MISSOURI Insurer to Pay $8 Million: State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of …

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