New Mexico’s suspended Insurance Superintendent Eric Serna, under investigation over a bank contract, is named in a lawsuit that alleges title insurance firms sought to persuade him to raise rates by donating to a nonprofit foundation he helped found. The …
The Senate has passed a conference report on the bill, the Tax Increase Prevention and Reconciliation Act, last month on the heels of House passage a day earlier. The tax-cut bill, supported by independent insurance agents and brokers, will extend …
On Tuesday June 13, the Los Angeles Chapter of the Chartered Property Casualty Underwriters will host a meeting featuring motivational speaker Betsey Brewer, senior vice president of The Rule Co., speaking on “Supersize Your Borders.” Brewer is the CPCU Society’s …
Last year wasn’t the busiest year for mergers and acquisitions in the insurance agency and brokerage field, but as concerns over various probes of the insurance industry fade, activity is picking up. Kevin Donoghue, of Mystic Capital Advisors Group, who …
Los Angeles-based Mercury General Corp. reported slightly lower net income for the first quarter of 2006 TITLE: –TITLE: $58.6 million, or $1.07 per share (diluted), compared with $60.4 million, or $1.10 per share (diluted), in Q1 2005. It noted the …
While you may not be able to avoid Mother Nature, having a contingency plan can help a company to mitigate loss. A contingency plan should include steps before a loss occurs, emphasized Mel Bangs, director of risk management for Omni …
The U.K.’s House of Lords handed down judgments on May 3 in three major cases involving employers and their insurers’ liability for damages to workers and their families resulting from asbestos related diseases. The decision in the case of Barker …
The American Association of Managing General Agents announced that it has an exclusive license with the Chartered Insurance Institute to offer the Lloyd’s of London Market Insurance Test. Passing the test is required for all brokers doing business in London.
Bermuda-based property reinsurer PXRE Group Ltd. announced that its net income before convertible preferred share dividends was $41.6 million for the first quarter of 2006, compared to $22.7 million in the first quarter of 2005. The positive result, however, doesn’t …
New York insurance agents face potential errors and omissions claims if they follow a New York City requirement on certificates of insurance for road contractors, an agents group has warned. The city’s transportation department requires sidewalk and roadway contractors to …
