A Texas-based insurance company is facing a $275,000 penalty in North Dakota after regulators probed the company’s claim-settlement practices. North Dakota Insurance Commissioner Adam Hamm says an investigation revealed that American National Insurance Co. failed to follow regulations regarding guaranteed …
South Dakota insurance regulators and two insurance groups have reached a settlement that will result in a $750,000 total penalty against the companies. The state’s Division of Insurance announced the settlement with Farmers Insurance Group and Foremost Insurance Group. The …
Specialty Insurance Group (SIG), based in Indianapolis, has appointed Marla Peters as director of Underwriting. In addition to her director responsibilities, Peters will act as a production underwriter in the recreational facilities market. Prior to joining the SIG team, she …
Hudson Insurance Co. (Hudson) has acquired Euclid Managers LLC of Kansas City, Mo. (Euclid-KC) from Euclid Insurance Services Inc. and Euclid-KC’s management. Euclid-KC is an underwriting and claims manager for internet, tech, media, manufacturers and miscellaneous professional liability risks. The …
Patriot National Inc., headquartered in Fort Lauderdale, Fla., has acquired Infinity Insurance Solutions, a premium auditing and underwriting survey agency based in Overland Park, Kan. Infinity serves providers of workers’ compensation, general liability and property and casualty insurance. Infinity’s President …
Attorney General Mike DeWine says Ohio has reached an $11.5 million settlement with two rock salt producers who officials say conspired to drive up salt prices paid by the state and its local governments. The settlement dismisses a lawsuit filed …
Columbia Insurance Group (Columbia) based in Columbia, Mo., promoted Scott Mackey to senior vice president and to the newly-created role of chief underwriting officer, as it says goodbye to retiring Jon Erickson, the company’s former senior vice president and chief …
Lake Mary, Fla.-based AssuredPartners Inc. has acquired CoLiance Risk Advisors through its AssuredPartners of Indiana subsidiary. The Indianapolis-based agency will operate under the local leadership of Managing Director Judd Feldman. CoLiance is a full service commercial property and casualty and …
A.M. Best has downgraded the financial strength rating to B (Fair) from B+ (Good) and the issuer credit ratings to “bb+” from “bbb-” of Buckeye State Mutual Insurance Co. (Buckeye) of Piqua, Ohio, and its insurance affiliate: Home and Farm …
A final tally shows a tornado that struck the University of Wisconsin-Platteville campus nearly a year ago caused $18.6 million in damage. The school released the final damage numbers on June 2. The tornado hit the campus on June 16, …
