Arkansas Insurance Commissioner Allen Kerr has approved a New York-based property/casualty insurance company and an Arkansas-based captive insurer to begin doing business in the state. Kerr has granted authority to Sompo Japan Fire & Marine Insurance Co. of America (SJFM), …
Arkansas Insurance Commissioner Allen Kerr has approved two new out-of-state insurers to do business in the state. Medical Liability Alliance (MLA) of Jefferson City, Mo., has been granted authority to offer casualty insurance. MLA, a stock property/casualty insurance company formed …
Arkansas Insurance Commissioner Allen Kerr says the Consumer Services Division (CSD) of the Arkansas Insurance Department recovered $1,580,421 for Arkansas insurance customers in the first six months of 2016. The amounts recovered for Arkansas consumers by CSD are in excess …
Arkansas Insurance Commissioner Allen Kerr says he expects to deny several recent requests by insurers to raise rates on individual on-exchange health insurance policies by more than 10 percent for 2017. Under the Affordable Care Act, requests for rate increases …
Arkansas Insurance Commissioner Allen Kerr announced two recent guilty pleas resulting from separate criminal investigations of insurance fraud. On May 2, Becky Brand, 34, of Lonoke entered a guilty plea to one count of Criminal Attempt — a Class A …
Arkansas Insurance Commissioner Allen Kerr has approved Ohio-based All America Insurance Co. (AAIC) and Central Mutual Insurance Co. (CMIC) to do business in the state. The companies now have the authority to offer property, casualty, surety and marine products in …
An Arkansas man has been sentenced for 15 years in prison for two counts of insurance fraud, the state insurance department announced. Cody Martin, 29, pleaded guilty in Pulaski County Circuit Court in January to two counts of insurance fraud …
The state’s insurance commissioner says members of the military stationed in Arkansas should consider buying renter’s insurance because the Basic Allowance for Housing no longer covers it. Insurance Commissioner Allen Kerr said that last year, Congress reduced rates for the …
A legislative panel has asked Arkansas’ insurance commissioner to expand the definition of small businesses so more companies can purchase coverage for their employees through a marketplace. But state Insurance Commissioner Allen Kerr said he doesn’t have the power to …
