Connecticut Attorney General Richard Blumenthal has issued subpoenas in an investigation of bonus commissions and other possible financial arrangements between Middlesex Mutual Assurance Co. in Middletown and H.D. Segur Inc., a large Connecticut insurance agency. “The subpoenas are part of …
More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission rates in 2006 soared above …
U.S. Sen. Chris Dodd, a Democratic presidential hopeful, said he’s angry with the insurance industry’s response to the 2005 Gulf Coast hurricanes and said Mar. 9 he will hold senate committee hearings on insurance issues. Dodd, chairman of the Senate …
More independent insurance agencies gave salary increases in 2006 than in 2005, but still nearly half of all agency salaries nationwide stayed right where they were compared to 2005. On the other hand, producer commission rates in 2006 soared above …
A federal trial ended abruptly Tuesday when State Farm Fire & Casualty Co. settled out of court with a couple who sued the company over Hurricane Katrina damages to a rental home they own. U.S. District Judge Peter Beer told …
Managing General Agency J.M. Wilson has announced that it has added Wendy Loveless as manager in its Personal Lines department in their Portage, Mich. location. Loveless will oversee the day-to-day operations of the Personal Lines department, and serve the needs …
The Illinois Hospital Association (IHA) today endorsed Illinois Covered, Governor Rod Blagojevich’s program to provide access to affordable health care coverage for the state’s 1.4 million uninsured adults. “Enhancing access to health care has always been our major goal,” said …
State Farm Insurance’s chairman and CEO received an 82 percent raise after the company posted a record profit last year, a statement from the Bloomington-Ill.-based insurer said this week. Chairman and Chief Executive Officer Ed Rust Jr. got a $5.26 …
The Illinois Division of Insurance has granted the Illinois FAIR Plan a rate change for Dwelling Property policies. The overall increase is 7.7 percent, effective March 1, 2007. The last increase in the FAIR Plan rate was approved in 2004 …
The Park Group, a wholesale insurance brokerage located in Chicago, recently announced the hiring of John Harford to the position of broker in the Property Department. Prior to joining Avreco, Harford worked as an underwriting assistant for Echelon Insurance Services, …
