A proposal to sell Oklahoma’s workers’ compensation insurance agency could force businesses to pay higher rates and make the insurance unaffordable for new and high-risk employers, according to Attorney General Drew Edmondson. Edmondson, a Democratic candidate for governor, said he …
Montgomery, Alabama-based Alfa Insurance has promoted Steve Rutledge to executive vice president for business development. Rutledge, who has served as Alfa’s chief financial officer and senior vice president of investments, will oversee corporate development, marketing strategy, product development, property/casualty actuary …
A Tulsa, Okla.-area insurance agent says he plans to run for state insurance commissioner this fall. Republican John Doak said he plans to mount a statewide campaign for the job now held by Insurance Commissioner Kim Holland, a Democrat who …
Evergreen Insurance Managers Inc. of Beaverton, Ore., announced the purchase of a Penn-America Insurance Co., Penn-Star Insurance Co., United National Insurance Co. book of business, and certain brokerage accounts from Intercontinental Insurance Services Inc. of Seattle, Wash., effective March 1, …
The Indiana House has passed legislation that would repeal an increase on taxes that employers pay into the state’s unemployment insurance fund, which is deeply in debt to the federal government. The Democratic-controlled chamber voted 90-5 to repeal the tax …
Employers Holdings Inc. reported fourth quarter 2009 net income of $11.3 million compared with $15.9 million in the same period in 2008, a decrease of $4.6 million. Pre-tax income in the fourth quarter increased $13.8 million in 2009, compared to …
The Florida Hurricane Catastrophe Fund needs $710 million to continue to pay claims still coming in from 2005’s Hurricane Wilma but it is going to have to wait to assess policyholders to get those funds. The Florida Cabinet yesterday indicated …
The pace of global warming continues unabated, scientists said on Thursday, despite images of Europe crippled by a deep freeze and parts of the United States blasted by blizzards. The bitter cold, with more intense winter weather forecast for March …
The Insurance Agents & Brokers of America (IIABA or the Big “I”) announced that Patricia Ann Daniel of Extraco Insurance in Waco, Texas, has been named Accredited Customer Service Representative (ACSR) of the year. The ACSR program is a joint …
“A new wave of hacker attacks is breaching corporate and outsourced information systems with one information security firm recently detailing coordinated hacker attacks on 2,400 companies and government agencies during the past 18 months,” says a bulletin from Lockton’s London …
