Cyber Risk News

New Mexico legislators adjourn with few insurance bills

New Mexico’s 30-day legislative session, which ended recently, was predominantly focused on budget-related legislation. But a few insurance related bills were introduced, said the National Association of Mutual Insurance Companies (NAMIC). NAMIC opposed The Medical Malpractice Joint Underwriting Association Act, …

How agents can meet the affluents’ expectation of a luxury experience

Luxury used to be associated with a price, a label on a product and acquiring expensive items. Today, luxury is about service. The experience is defined by services that make the consumer feel pampered and unique. The more exclusive the …

Grange Expands Identity Theft Coverage to Ohio Auto Policyholders

Grange Insurance will offer its Identity Theft victim resolution and education program coverage to auto policyholders in Ohio. The program is being offered in partnership with Identity Theft 911, a national fraud solutions provider for insurers, financial institutions and Fortune …

PCI : Study Shows Need for No-fault Reform in Minn.

The Property Casualty Insurers Association of America is calling for reform of Minnesota’s no-fault system. According to the national trade association, drivers in Minnesota pay more for insurance than drivers in most neighboring states due to a no-fault automobile insurance …

Texas AG Warns of Bank Scam E-Mails

Texas Attorney General Greg Abbott released an urgent message for all Texans to be on the lookout for official-looking e-mails purporting to originate from major financial institutions asking for personal account information. In the latest series of so-called “phishing” scams, …

N.M. Legislators Adjourn on Quiet Note for Industry, Says NAMIC

New Mexico’s 30-day legislative session, which ended last Thursday, was predominantly focused upon budget related legislation, but a few insurance related bills were introduced, according to the National Association of Mutual Insurance Companies (NAMIC). Ninety-eight NAMIC member companies write 34 …

People & Places

Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. Among …

Joseph Beneducci

People Joseph Beneducci has been elected to president and chief operating officer of Fireman’s Fund Insurance Company, in Novato, Calif., according to Charles Kavitsky, chief executive officer. Beneducci was named executive vice president and chief operating officer in May 2003. …

Hallmark, Texas General Agency

Hallmark, Texas General Agency Hallmark Financial Services Inc. completed its previously disclosed acquisition of Texas General Agency Inc. and certain affiliates. TGA is a managing general agency involved in the marketing and servicing of property and casualty insurance products, with …

Ark. AG Releases Identity Theft Stats for 2005

In recognition of 2006 National Consumer Protection Week, Arkansas Attorney General Mike Beebe recently provided new statistics from the Federal Trade Commission on fraud-and-identity-theft trends in Arkansas and the nation. Arkansans reported a record number of 1,617 identity theft cases …