Arkansas News

Growth, Stability and Changes in Store for Long Term Care Market

With the first of 77 million baby boomers nearing retirement age in 2011, assisted living facilities and nursing home facilities will play a more important role than ever before. About three million Americans will require long term and post-acute care …

America First Insurance Honored for Work Comp Performance in Arkansas

America First Insurance, a Liberty Mutual Agency Corporation regional company, announced it was recently recognized by the Arkansas Workers’ Compensation Commission (AWCC) for its superior claims handling and injury reporting for this line of business. The AWCC annually grades insurance …

S&P Raises ProAssurance Rating One Notch to ‘BBB’; Outlook Stable

Standard & Poor’s Ratings Services has raised its counterparty credit rating on ProAssurance Corp. to ‘BBB’ from ‘BBB-‘ with a stable outlook. S&P said the upgrade “reflects our view of PRA’s financial profile, supported by its strong operating performance, capital …

IMA of Texas Hires 3 Business Development Leaders

IMA of Texas Inc., a retail insurance broker and risk management firm based in Dallas, has added three new directors of client service. Drew Lambert joined IMA as director of client services and integrated health and benefits consultant. William Spain …

Insurance Agent Elected to Arkansas Lt. Governor Post

Republican Mark Darr has beaten Democrat Shane Broadway for Arkansas lieutenant governor. Darr, from Rogers, Ark., clinched the victory in the close race in his first ever attempt at elected office. Darr is an insurance agent for Wealthbridge Financial Services …

Arkansas Insurance Dept. to Stop Accepting Paper Filings in March

Effective March 1, 2011, the Arkansas Insurance Department (AID) will no longer accept paper filings. All filings submitted on or after March 1, 2011, must be filed via the System for Electronic Rate and Form Filing (SERFF). Additionally, AID mandates …

ACE Appoints Shevlin in Southeast, Rau in Southwest

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Jim Shevlin as senior vice president and regional executive officer for its Southeast region, and Tim Rau as senior vice president and regional executive officer for the …

Dems Lose Seats, Keep Control of Arkansas Legislature

Democrats still hold the majority in the Arkansas General Assembly, but Republicans made historic gains in the House and picked up at least seven seats in the Senate. Republicans entered Tuesday’s election with 28 seats in the 100-member House. They’re …

Election Will Mean New Faces in State Insurance Commissioner Jobs

Tuesday’s elections could have ramifications for a number of state insurance commissioner posts across the country. Nationwide, 11 commissioners are directly elected but there are only four such elections tomorrow; the rest of commissioners are appointed, most by governors or …

People

Liberty Northwest, a Liberty Mutual Agency Markets regional company, appointed Danny R. Schamma to vice president, finance. He will direct the business planning process, oversee financial reporting and analysis, and develop and implement strategies for expense management. He will be …