Arkansas News

2006:a big year for P&C buyers and sellers of all shapes and sizes

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 …

Top 10 Stories of the Year – South Central

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 …

Ark. Starts Insurance Program for Low-Income Workers

Low-income workers without health insurance are the targets of a new program announced by Arkansas officials. Enrollment began Dec. 20 for a program partly paid by Medicaid dollars that will eventually offer insurance to 80,000 low-income workers, an initiative that …

Unilever Recalls Ragu Pasta Sauce over Undeclared Milk

Unilever said that it is, in cooperation with the Food and Drug Administration, voluntarily recalling 1,000 jars of a variety of Ragu pasta sauce from North Carolina and 14 other states because the formula contains undeclared milk. People with an …

Ohio State Automobile Mutual to Purchase Beacon Insurance Group

Columbus, Ohio-based State Automobile Mutual Insurance Co. announced today that, through a wholly-owned subsidiary, it has agreed to acquire the Beacon Insurance Group, headquartered in Wichita Falls, Texas. Closing is expected in the first quarter of 2007, subject to regulatory …

Arkansas Reminds Producers of Flood Insurance Training Requirements

The Arkansas Insurance Department issued a bulletin regarding training and education requirements for producers selling flood insurance policies from the National Federal Insurance Program (NFIP). Section 207 of the Flood Insurance Reform Act of 2004 (the “Act”) requires all producers …

Legislator Would ban Cell Phone use by Drivers in Ark.

An Arkansas state senator wants the state to force drivers to hang up their cell phones while driving – or at least own a hands-free device that would allow them to do so. Sen. Kim Hendren filed two competing proposals …

New Markets

Monoline Auto Classes, Small Commercial Businesses Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America Premier classes for monoline auto and added 238 …

New Markets

Coastal Property — Texas Nuts & Bolts: Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property coverage is offered via a non-admitted “A” rated market …

People and Places

The Texas Surplus Lines Association Inc. announced the election of the following officers and directors: President Len Kaplan, executive vice president and CFO, Delta General Agency, Houston; Vice President Lana Parks, president, The Parks Group Inc., Arlington; and Secretary/Treasurer Paul …