November 11, 2008
The Texas Department of Insurance enforcement actions taken by Commissioner Mike Geeslin that became final during September include ten license revocations, two license denials and fines and restitution totaling $160,856. Only final orders are listed. An order imposing disciplinary measures …
November 7, 2008
A scrap metal yard near in Arkoma, Okla., near the border with Arkansas, remained closed after an artillery shell exploded, critically injuring an Arkansas man. Steve Fontenot, of Fort Smith, Ark., man was still in critical condition Nov. 5, two …
November 5, 2008
Arkansas Insurance Commissioner Julie Benfield Bowman and Medicus Insurance Company Chairman Howard Lamb announced that Medicus Insurance Company has been approved to write medical professional liability insurance in Arkansas. Medicus is a Texas domiciled insurance company specializing in providing medical …
November 3, 2008
Federal officials say a 2.7-magnitude earthquake struck on Nov. 1 near the community of Magnet Cove in Hot Spring County, Arkansas. The U.S. Geological Survey reports the earthquake hit three miles northeast of Rockport and five miles north-northeast of Malvern …
November 2, 2008
In the Aug. 4, 2008 issue of Insurance Journal, an article titled “Agents Weigh Independence, Commissions, Markets When Choosing Agency” on page N10 incorrectly stated that ARM International is owned by Arthur J. Gallagher. ARM International is owned by its …
November 2, 2008
Independent Insurance Agents of North Carolina named Kelley L. Erstine chief executive officer. Erstine assumed the association’s CEO responsibilities Oct. 15 and replaces Bob Bird upon his retirement after 25 years of service to IIANC. Erstine served as executive vice …
November 2, 2008
But Justices Don’t Exclude Possibility of Revisiting the Issue The Arkansas Supreme Court reversed the decision of the Arkansas Workers’ Compensation Commission to deny an injured worker’s claim but declined to rule on the injured man’s argument that the Commission …
November 2, 2008
6 The owner of a Little Rock, Ark., insurance company was sentenced to six years in prison on a federal fraud conviction, the Associated Press reported. Frank Whitbeck, was ordered to pay $3.8 million restitution and was fined $12,000. He …
November 2, 2008
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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …
October 28, 2008
The Arkansas Supreme Court has reversed the state Workers’ Compensation Commission’s denial of an injured worker’s claim, but said it wouldn’t address his argument that the panel is unconstitutional. However, the Court remained open to the possibility of taking up …