American Safety, Victore Insurance Bermuda-based American Safety Insurance Holdings Ltd.’s American Safety Casualty Insurance Co. (ASCIC) subsidiary has acquired Victore Insurance Co. (VIC), an Oklahoma domiciled admitted insurance company headquartered in Oklahoma City. VIC provides customized bonding solutions for the …
Hurricane Katrina brought the question of the validity and applicability of ACCs to the forefront. Hurricane Katrina, in addition to causing unprecedented damage and destruction, added significantly to the workload of state and federal courts in Louisiana and Mississippi. Almost …
LoriAnn Lowery resigned her position as president of Lloyd’s North America after a little more than a year on the job. Lowery took over as Lloyd’s North America president in April 2008, replacing long-time president Wendy Baker. Before joining Lloyd’s, …
Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? According to Mike McKee, senior special agent for the National Insurance Crime Bureau, it’s too soon for statistics to confirm whether the mortgage meltdown and …
One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley Barbour and four state insurance commissioners heard Travelers …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Nursing Homes/Assisted Living Facilities Market Detail: U.S. Risk Brokers Inc.‘s Houston office offers an exclusive …
The Louisiana Department of Insurance has issued a bulletin to all authorized and surplus lines property casualty insurance companies writing business in Louisiana reminding insurers that final submission of loss data from Hurricanes Gustav and Ike for the Aug. 1, …
A Baker, La., insurance agent has been served with a cease and desist order, notice of license revocation and $1,500 fine notice for alleged misappropriation of premiums. Patikii Je Gibbs (a.k.a. Patikii Gibbs Powell), 55, allegedly misappropriated $1,837 in insurance …
Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …
Retail and managing general agency The Woodlands Financial Group Inc.(TWFG) announced the continuing expansion of its operations with the opening of six new branch locations in June in Texas, Louisiana and Georgia. Ronnie Johansen has opened a new location in …
