December 28, 2006
Arkansas Insurance Commissioner Julie Benafield Bowman announced the Arkansas Insurance Department has joined with twelve other states filing a brief supporting a case brought by consumers against the insurance industry’s use of credit scoring in determining auto rates. The amicus …
December 27, 2006
Delaware Insurance Commissioner Matt Denn has taken arguments against insurance industry use of credit scoring to the U.S. Supreme Court, filing a brief in a pending case involving the practice. Denn recruited 12 other state insurance commissioners to join Delaware …
December 26, 2006
Arkansas’ new emergency operations center was dedicated last week and the building is expected to be completed in May. Arkansas Department of Emergency Management Director David Maxwell said the $13.5 million building will function as the command center for emergency …
December 26, 2006
Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …
December 25, 2006
No long-term negatives “Fortunately lawmakers did not pass legislation that will have negative long-term consequences for consumers and the insurance market.” — Greg LaCost, assistant vice president and regional manager for Property Casualty Insurers Association of America (PCI), commenting on …
December 25, 2006
It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance markets in the South Central …
December 25, 2006
JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. The American National Bank of Texas of Terrell, …
December 24, 2006
10 No rule change for Allstate in La. 11 ID theft warning in Okla. AG cites scam targeting customers of Ketchum bank 11 Agents selling federal flood policies must have training Ark. reminds producers of their responsibilities under NFIP MARKET …
December 24, 2006
JANUARY Hallmark Acquires Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark underwrites non-standard personal automobile insurance. American National Bank Acquires Dallas-based Sleeper, Sewell The American National …
December 24, 2006
It was difficult to get away from natural catastrophes in 2006, even though the year was relatively unscathed by those types of events. Back-to-back 2005 Hurricanes Katrina and Rita continued to wreak havoc on insurance markets in the South Central …