The Texas Windstorm Insurance Association (TWIA) will be implementing a new billing and commission system beginning Jan. 1, 2012. In a bulletin to insurance agents, TWIA said under the new system it will assume the responsibility for paying agents’ commission. …
A 30-year-old Reserve, La.,woman has been sentenced to five years and nine months in prison for her role in 2007 fire at a public housing complex. Niasha Marie King pleaded guilty to setting her apartment in Reserve on fire to …
Beazley has appointed Lindy Hardman to develop new business and broaden the company’s broker relationships on the west coast. Hardman’s insurance experience comes from both the underwriting and broking businesses. He was recently regional vice president at Crum & Forster …
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor has appointed Chris Brock the department’s director of communications. In his new role, Brock oversees communication strategy and planning while coordinating communication activities for the insurance department. He previously served …
The Iowa Council of NAIW dba International Association of Insurance Professionals (IAIP) has elected its representatives for the next term. They are as follows: Iowa Council Director-elect Michele Sparks of LaMair-Mulock-Condon Co, W. Des Moines Membership Chair Joyce Nelson of …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A-‘ (Excellent) and issuer credit rating (ICR) to “a+” from “a-” of Harrisburg, Penna.-based North Pointe Insurance Company (NPIC). Best has also affirmed the FSR of …
Florida employers could have to pay more in workers’ compensation premiums if regulators go along with a proposed statewide average 8.9 percent rate hike. The rate change may also trigger legislative action to clamp down on doctor-dispensed drugs and the …
More people are now eligible to claim exemptions from workers’ compensation in Tennessee as a result of a new law that took effect this month. The law expands eligibility for people who can apply for and be listed on the …
Hampton Roads, Virginia-based TowneBank has acquired the Stanton Taylor Agency, a Raleigh, North Carolina agency that provides insurance and risk management services throughout Raleigh and eastern North Carolina. The agency will be affiliated with Towne Insurance Agency, a wholly-owned subsidiary …
New Jersey’s auto insurance personal injury protection (PIP) regulations are due for an update. The state’s law requires that the Department of Banking and Insurance (DOBI) revisit the rules every two years. The proposed rule changes are drawing a great …
