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Insurance Agency Founder Sentenced for Fraud in D.C.

An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier pleading guilty to insurance fraud, according to officials. Washington, D.C., Department of Insurance, Securities and Banking announced last week …

ISU Network Adds Midwest Agencies

Great Northern Insurance of Sterling Heights, Mich., and Davidson Insurance Agency of West Plains, Mo., have joined the ISU Network, the San Francisco-based organization announced. Established in 2010, ISU Great Northern Insurance is owned by Jessica Nofar. ISU Great Northern …

Texas-based MainStreet Joins the ISU Network

MainStreet, an insurance agency in Montgomery, Texas, has joined the ISU Network, the San Francisco-based organization reported. ISU MainStreet was established and is currently owned by President and CEO Dee Vanschoick Jr. The agency specializes in public entities, affinity groups, …

Magnuson Named Executive Perils EVP

Damien Magnuson has been promoted to senior vice president of Executive Perils. He reports to Peter Taffae, Managing Director, and works in our Los Angeles office. In his new role, Magnuson will continue to broker the management and professional liability …

Former Maryland Insurance Commissioner Orr Joins Workers’ Comp Insurer

Former Maryland Insurance Commissioner R. Steven Orr has joined Towson, Md.-based IWIF Workers’ Compensation Insurance as senior vice president of information systems. In his new role, he will be responsible for managing all aspects of IWIF’s information systems operations. He …

Aon Risk Solutions Hires Business Development VP in Rhode Island

Aon Risk Solutions, the global risk management unit of Aon Corp., has appointed Jeffrey Polucha as vice president of business development for its Providence, Rhode Island, office. Polucha comes from Soucy Insurance Agency in Woonsocket, Rhode Island, where he recently …

New York Officially Launches Financial Services Department

New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky set the mission and announced the structure of the new department …

2011 Sets New Record for Federal Disaster Declarations

The year 2011 will go down as a record-setting year when it comes to federal disaster declarations, industry analysts say. With another three months left in 2011, and hurricane season continues until November 30, the number of federal disaster declarations …

Work-Related Fatalities Decreased in Texas in 2010

Texas recorded a preliminary total of 456 work-related fatalities in 2010, a 5 percent decrease compared to the revised 2009 total of 482 fatalities, the Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) reported. A preliminary total of 4,547 …

Indiana Insurance Adds Six New Business Classes, Cyber Liability Endorsement

Indiana Insurance, a Liberty Mutual Agency Corp. regional company, has added six new internet retailer classes and a limited cyber liability endorsement for its Commercial Protector (BOP) product. The new internet classes are for retailers engaged in the online sales …

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