While nobody wants to report a loss, there are several insurers that are not bothered if they don’t report a profit. They serve the nonprofit market and are themselves nonprofit organizations. One of the nonprofit insurers in the market is …
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 headquarters in New York and its U.S. consumer and commercial …
Three independent insurance agencies were among the “50 Best companies to work for in Texas” honored at a luncheon hosted by the Texas Assosiation of Business, Texas Monthly magazine and the Society for Human Resource Management-Texas State Council. Higginbotham & …
The California Department of Insurance has launched a new Web site to fight workers’ compensation fraud . The site, accessible on the California Department of Insurance (CDI) web site (www.insurance.ca.gov), will provide regularly updated data on workers’ compensation fraud convictions …
Farmers Insurance Group has been fined $1 million following settlement negotiations about how it handled consumer claims. Farmers, consisting of Farmers Insurance Exchange, Fire Insurance Exchange, Mid-Century Insurance Co., and Truck Insurance Exchange, agreed to the settlement to resolve a …
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 training and business development planning. It also …
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 alcohol or illegal drugs. Workers who have drugs or alcohol in their …
A doctor has pleaded not guilty to charges of bilking insurance companies by arranging unneeded surgeries with the cooperation of patients. Dr. Mamdouh Bahna, 58, who entered his plea in federal court, was taken into custody Jan. 1, Assistant U.S. …
Chris R. Alcala of Los Angeles has filed a petition for class action against California’s State Fund Compensation Insurance Fund for mispaying for interpreting services. According to the petition, SCIF paid $45 — instead of the mandatory $90 fee required …
Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S. Treasury Dept., which administers the program, recently offered clarifications regarding …
