Representative of two Tennessee companies accused by authorities of selling phony medical insurance policies to thousands of people nationwide said Tuesday that they are not to blame for piles of unpaid medical bills. State officials filed a lawsuit against the …
The Surplus Line Association of Illinois has launched a new series of training videos. The videos were developed for training licensees and clerical staff. The series of 16 different videos covers various topics from membership forms, to SLA’s electronic filing …
Insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business units will. The decision to not accept …
Many U.S. states are worried that the health care overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced …
USG Insurance Services, a national wholesale insurance agency, has hired Chris Janis as underwriter/broker in its Palatine, Ill., office. Janis previously was an underwriter at Atlantic Specialty. His experience includes positions at Insurance One/Affirmative Insurance Holdings in sales, and mortgage …
ACE USA, the U.S.-based retail operating division of the ACE Group, announced executive appointments in its large-risk division, ACE Risk Management. Lou Capparelli has been appointed senior vice president and branch manager, Midwest Region, based in Chicago, Ill. David Zelickman …
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 …
Tallahassee politicians must ensure a robust private property insurance market to avoid a financial disaster if a major hurricane or several smaller storms strike the state this summer, former Gov. Jeb Bush said this week. The two-term governor said it’s …
New York-based Utica Mutual Insurance Co. will acquire Founders Insurance Co. of Des Plains, Ill. for an undisclosed sum. Founders has annual premium of approximately $115 million in 47 states and the District of Columbia. Founders employs 200 people, mostly …
New York regulators are pursuing a reincarnation of the New York Insurance Exchange, a Lloyd’s of London-style insurance market that lasted for several years the last time it was tried. New York Insurance Superintendent James Wrynn said the exchange would …
