New York State Department of Financial Services announced last week that 18 people in 13 New York counties have been arrested on workers’ comp fraud charges. These arrests were the result of joint investigations led by the Department of Financial …
Federal Emergency Management Agency (FEMA) issued a new bulletin telling insurers that they should cooperate with state regulators on questions regarding federal flood insurance. There has been an ongoing turf battle between FEMA and New York officials on regulating local …
First Nonprofit Insurance Co. (FNIC), headquartered in Chicago, announced organizational changes. Philip Warth, chief executive officer of FNIC, is now chairman and chief executive officer of Mutual Insurers Holding Co., parent company to FNIC. Robert White succeeds Warth in the …
The Arkansas Supreme Court has affirmed a nearly $50 million verdict for farmers who say they lost money because Bayer’s genetically altered rice seeds contaminated the food supply and drove down global crop prices. Bayer, the German conglomerate whose Bayer …
Plano, Texas-based wholesale broker and managing general underwriter (MGU), Insential Inc., has added Tom Dowd as director of financial services. Dowd has an extensive background in the property/casualty insurance industry including more than 30 years of experience in the management …
The Rockhill Insurance Group has hired Garick Zillgitt as its vice president of marketing and business development. Zillgitt has nearly 30 years of wide-ranging industry experience with insurers, reinsurers, and brokers, and will be responsible for cultivating and strengthening Rockhill’s …
The Arkansas insurance commissioner’s decision to give up on the state running a health insurance exchange isn’t the end of the fight over implementing the federal health care law that required it. It’s just a preview of the fights to …
After five years of litigation, an Iowa insurance agent will pay $835,000 to settle allegations that he filed false federal crop insurance claims. The Justice Department announced the settlement with Russell Hawley of Vail, Iowa, which avoids trial on the …
Agents who use an organized, straightforward method when submitting program business to market will benefit by gaining faster response times from carriers and the potential to create new programs. Kenneth Robinette, of Bellingham Underwriters Inc., a commercial underwriting management firm …
When agency owners think of perpetuation planning, they often think only of the financial aspect: Selling their agencies. In some circles, among some advisors, perpetuation planning is really another term for acquisitions. But perpetuation is much, much more than buying …
