The Illinois Department of Insurance has revoked the licenses to sell insurance of Daniel Martin Deitz of Bloomingdale and his Schaumburg-based agency Danny Martin CLU and Associates (collectively “Martin”) and imposed a $100,000 fine – the maximum penalties allowed under …
Limestone Insurance, Lexington Insurance Agency, Inc., Durrett Insurance and Insuramax have joined Keystone Insurers Group (KIG), bringing KIG’s number of agencies in Kentucky to six. Keystone is the nation’s sixth largest privately-held property/casualty agency. These four firms become part of …
Emergency service volunteers that are injured while assisting with a state of emergency may be entitled to workers’ compensation benefits, according to the state Department of Consumer and Business Services. According to the amendment to House Bill 3021, if the …
American International Group Inc. has given employees of its Financial Products unit until Tuesday to accept a cut in money owed them under a retention plan in return for an earlier payout, according to proposals obtained by Reuters Monday. The …
A U.S. bailout watchdog has launched two new investigations into the New York Federal Reserve Bank’s actions on insurer AIG’s disclosure of payments to banks after its 2008 rescue, excerpts of prepared congressional testimony showed on Monday. Neil Barofsky, the …
The U.S. government Tuesday banned hand-held “texting” by drivers of large commercial trucks and buses to avoid the danger of distracted driving. Transportation Secretary Ray LaHood said in a statement the prohibition takes effect immediately. It follows a similar ban …
Spitale Insurance Agency of Baltic, Connecticut has joined the Satellite Agency Network Group Inc. (SAN Group) Agency Prinicipal Erin Spitale said she joined the SAN Group as a way “to remain an independent agency while representing the buyer in multiple …
Maine-based insurer The MEMIC Group has promoted Karl Siegfried to assistant vice president, Loss Control and Safety Services. Siegfried continues to oversee all of The MEMIC Group’s loss control operations, including its safety training and customer service efforts. He joined …
A Tennessee appellate court has ruled a county liability insurer doesn’t have to pay $5 million in damages won by the widow of a slain sheriff’s deputy in a wrongful death lawsuit over his shooting death. The ruling by the …
Nebraska lawmakers may allow car passengers to make liability insurance claims when their family members cause car wrecks. The Nebraska Legislature on Jan. 22 narrowly gave first-round approval to a bill (LB216) that would repeal the state’s so-called guest statute. …
