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Tapco Opens Underwriting Service Center in Dallas

Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …

ABI Estimates November UK Flood Losses Exceed $322 Million

A report from the Association of British Insurers estimates that the floods in Cumbria in the northwestern part of England and parts of Southern Scotland in November have exceeded £200 million ($322 million) [See IJ web site – https://www.insurancejournal.com/news/international/2009/11/23/105496.htm]. The …

Illinois Fines Insurance Agent, Agency $100K and Revokes Licenses

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 …

Keystone Insurers Adds 4 More Kentucky Agencies

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 …

Oregon Emergency Service Volunteers Entitled to Workers’ Comp Benefits

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 …

AIG Asks Financial Product Employees to Take Retention Pay Cut

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 …

Bailout Watchdog Launches Probes of N.Y. Fed’s Disclosure on AIG

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 …

Insurance Inc. of Southern California Opens Riverside Office

Insurance Inc. of Southern California has opened an office in Riverside, Calif. The new office is part of an effort to expand operations and continue growth through appointed carriers and to provide consumers and business owners in the Inland Empire …

TV Networks, Talent Firm Reach $70 Million Settlement With Older Writers

Seventeen major television networks and production studios and seven talent agencies have reached a $70 million settlement of complaints brought by 165 writers aged 40 or older who alleged age discrimination. Approximately two-thirds of the $70 million settlement payment will …

Calif. Insurance Commissioner Poizner Trailing in Governor’s Race

Former eBay chief executive Meg Whitman has opened up a sizable lead over state Insurance Commissioner Steve Poizner in the race for the Republican gubernatorial nomination, according to a Field Poll. The poll found 45 percent of likely GOP voters …

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