News

Louisiana Audits Find $31M in Unclaimed Life Insurance

State Treasurer John Kennedy says audits of life insurance company policies have uncovered more than $31 million in unclaimed property for beneficiaries in the past eight years. The Treasury Department discovered the benefits after comparing the outstanding policies of a …

Ex-Kansas Insurance Agent Gets Prison Sentence for Client, Company Theft

Prosecutors say a former insurance agent in Kansas has been sentenced to 42 months in prison for stealing from his clients. The U.S. attorney’s office said that 43-year-old Jason Matthew Pennington of Wichita pleaded guilty to two counts of wire …

Former Deputy AG Mattax Named Texas Insurance Commissioner

A former top deputy of Republican Gov.-elect Greg Abbott is taking over the Texas Department of Insurance. David Mattax was named commissioner on Jan. 12. He is currently a deputy attorney general who took the lead defending Republican-drawn Texas voting …

Texas Plant with Fatal Gas Leak Had Been Cited for Infractions

A DuPont and Co pesticide plant where four people died in a gas leak in November had been cited for emissions violations by a state agency on several occasions before the accident, the Houston Chronicle reported. The newspaper cited public …

Fischer, Prout to Lead Fidelis Group Holdings’ New Ocean Cargo Unit

Fidelis Group Holdings LLC (FGH) and its subsidiary, Continental Underwriters Ltd., a have formed an ocean cargo division and named Doug Fischer and Crystal Prout as managing directors of the unit. The new ocean cargo division will be based out …

Integro Promotes Crain to Boston Operations Leader, Hires Lavery as Principal

Insurance brokerage and risk management firm Integro has promoted Ethan Crain to Boston operations leader, and hired Peter Lavery as a principal in the Boston office.

Virginia Judge Orders New Trial on Damages in Coal Contract Dispute

A Virginia judge has ordered a new trial on damages in a coal contract dispute between Massey Energy and the owner of three defunct coal companies. In May 2014, a jury in Buchanan County, Virginia, awarded $4 million to Hugh …

Stateline Insurance Hires Dougherty as Commercial Lines Representative in R.I.

Stateline Insurance & Financial Services, an independent agency in East Providence, Rhode Island, has hired Kellie Dougherty as commercial lines representative.

3 Executives Charged in West Virginia Chemical Spill Plead Not Guilty

Three executives charged in last January’s West Virginia chemical spill have pleaded not guilty in federal court. The pleas came a day after an FBI affidavit was unsealed, saying Freedom Industries knew about critical flaws at its Charleston plant more …

Florida Approves Removal of 93,500 Policies from Citizens

The Florida Office of Insurance Regulation has approved the removal of up to 93,000 personal residential policies and 500 commercial residential polices from Citizens Property Insurance Corp. as part of the state’s ongoing effort to reduce the number of policies …

News Archives by Month