Lloyd’s has selected Hank Watkins as the new President for North America. He takes over from LoriAnn Lowery who resigned from the position last June after a little more than a year on the job [See IJ web site – …
The Federation of European Risk Management Associations (FERMA) has issued a bulletin expressing concerns over a new ruling in the US state of Illinois that allows brokers to resume taking contingent commissions. The bulletin said the association supports the “stance …
Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks supporting major American retail …
Iowa, Kansas, Minnesota, Utah and Virginia do the best job handling workers’ compensation injuries, while Louisiana, New Jersey, New York, Oklahoma, Rhode Island, Texas and Wyoming perform the worst. That’s according to the latest report card from the California-based Work …
The Illinois Department of Insurance has issued an order against Universal Casualty Company (UCC) for failing to adopt and maintain procedures for the prompt investigation and settlement of consumers’ claims. On Aug. 11, 2009, the department ordered UCC, an automobile …
Fireman’s Fund Insurance Company introduced a hybrid upgrade auto insurance product that enables car owners to “go green.” In addition, new vehicle replacement coverage is available — insuring the full replacement cost of vehicles that are total losses for up …
Illinois Attorney General Lisa Madigan has reached an agreement to settle claims against five Chicago-area construction firms that were falsely classifying their employees as independent contractors, rather than fully employed laborers. The settlement agreement requires the businesses to end the …
Enforcement actions taken by Texas Commissioner Mike Geeslin that became final during June included 18 license revocations, five license denials and fines and restitution totaling $441,318, the Texas Department of Insurance announced. An order imposing disciplinary measures becomes final 20 …
UMB Financial Corporation affiliate UMB Scout Insurance Services Inc. is acquiring Chapman-Sander, an independently-owned insurance agency in St. Louis, Mo., in an all-cash deal, UMB announced. Details of the transaction are not disclosed. The agency will operate as an office …
The Ohio Insurance Institute (OII) recently reported that premiums for homeowners and auto insurance in that state remain lower than the U.S. average. On its Web site, www.ohioinsurance.org, the OII released the following information regarding Ohio’s auto and homeowners insurance …
