Government News

Big ‘I’ Gives $1.7M to Shape New Congress

The Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) said that its political action committee, InsurPac, distributed more than $1.7 million in the 2010 campaign cycle resulting in a 93 percent congressional victory rate. In the …

New York Man’s Faked Store Fall Caught on Tape

Authorities say a central New York convenience store’s surveillance cameras caught a man purposely pouring soda on the floor and then faking a fall so he could file an insurance claim against the business. State Insurance Department officials said that …

Late Filings of Surplus Lines Policies Draw Fines

If enforcement actions taken by the Texas Department of Insurance this year in response to late filing of surplus lines insurance policies with the stamping office were meant to capture the attention of managing general agents doing business in the …

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 …

5 Years in prison to be served by Neil M. Cohen, former chairman of the New Jersey Assembly’s insurance committee, for distributing child pornography. Cohen pleaded guilty in April to charges that he looked at child pornography on a computer …

Insurance Agent Elected to Arkansas Lieutenant Governor Post

Republican Mark Darr, an insurance agent, will be Arkansas’ next lieutenant governor, having beaten Democrat Shane Broadway on Nov. 2. Darr, from Rogers, clinched the victory in a close race in his first attempt at elected office. He is an …

Insurance and Going Green

What to Know About Green Commercial Building Insurance Read the news lately and it feels like everything – from cars to grocery bags – has gone green. While recent events, such as 2009’s Copenhagen Climate Change Conference, have focused increased …

Regulators Tell New York Agents How to Reveal Their Commissions

New York regulators have finalized guidelines for how agents and brokers are to reveal to clients their commissions, but at least one trade group says any changes to the rules thus far have been “underwhelming.” The department released a new …

Texas Lawmaker Presses on With TWIA Settlement Information Request

Texas State Rep. Larry Taylor, R-Friendswood, in late October filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement between the Texas …

Guess Who’s Coming to Washington?

It’s a long way from Main Street America to Capitol Hill, a distance most small business owners prefer not to travel. But greater numbers of business owners than ever before will be packing up and moving to Washington, D.C., next …