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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 …

Best Affirms RSA Group’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the main UK operating subsidiaries of the UK’s RSA Insurance Group plc. Best also affirmed the ICR of “bbb” …

Kentucky Supreme Court Curbs State Use of Private Agency Funds

In a case involving two workers’ compensation funds, the Kentucky Supreme Court has ruled that lawmakers and the governor cannot replenish the state’s general fund using monies from accounts with commingled public and private monies. However, the state can suspend …

Ohio Insurance Department Expands Language Interpretation Service

The Ohio Department of Insurance has hired Affordable Language Services to provide translation services, Director Mary Jo Hudson announced. The company will be able to answer questions from consumers in more than 150 languages. “We want to be certain that …

SEC Considered National Security Status for AIG Bailout Details

U.S. securities regulators originally treated the New York Federal Reserve’s bid to keep secret many of the details of the American International Group bailout like a request to protect matters of national security, according to emails obtained by Reuters. The …

Markel Selects Wilson to Direct International Development

Markel International has appointed Simon Wilson to the role of director, international development. He joins Markel International from Lloyd’s. For the last three years, he was Lloyd’s general representative in Singapore and managing director of Lloyd’s Asia. Wilson oversaw the …

Georgia Insurance Broker’s Bookkeeper Charged With Stealing $1 MIllion

A 63-year-old former bookkeeper at a Dalton, Georgia insurance brokerage is facing federal charges she embezzled more than $1 million from her employer. Prosecutors say Carolyn Lynn Cherry of Chatsworth forged her supervisor’s signature on company checks from 2003 to …

Nebraska Extends Non-Resident Producer Licensing Renewal Period

Effective Feb. 1, 2010, the online renewal period for Nebraska non-resident insurance producer licenses, through the National Insurance Producer Registry (NIPR) at www.nipr.com, will be extended to 90 days prior to the license expiration date, the Nebraska Department of Insurance …

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 …

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