The state of Oklahoma has collected at least $65 million in the past five years by selling personal information from motor vehicle records, according to newspaper reports. Wellon Poe, the chief legal counsel for the state’s Department of Public Safety, …
Florida’s 21st Century Holding Co. announced that its subsidiary Federated National Insurance Co. (FNIC) has received a capital infusion of $10 million. The transaction follows the previously announced notice from Demotech, Inc., a rating agency, requiring that FNIC obtain additional …
Insurance agents might want to take notes during tonight’s NCAA championship game between Butler and Duke. While NCAA men’s basketball tournament referee and insurance agent Gary Maxwell won’t tell you his personal pick to win (it’s against NCAA rules to …
Business conditions in the Midwest are generally on an upward swing, according to a survey of supply managers and business leaders in the region. The Creighton Economic Forecasting Group, directed by Creighton University economics professor Ernie Goss, gauges business conditions …
Arkansas regulators have suspended the Certificate of Authority of Lincoln General Insurance Company, domiciled in Pennsylvania, due to the company’s “financially hazardous condition.” In a March 24 order, Arkansas Insurance Commissioner Jay Bradford said Lincoln General’s capital and surplus had …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …
21st Century Holding Co. has agreed to acquire HomeWise Insurance Co. and HomeWise Management Co. from HomeWise Holdings Inc. The agreement also includes renewal rights to certain insurance policies from HomeWise Preferred Insurance Co. Terms of the proposed transaction were …
Arkansas Insurance Commissioner Jay Bradford has suspended the resident producer license of Steve Standridge, founder of Steve Standridge Insurance Inc. based in Mount Ida, Ark., for allegations that he falsified collateral used to purchase another insurance organization, and improperly retained …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Couriers Market Detail: RLI Transportation’s courier coverage for vans, pick-ups and straight trucks must have …
While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …
