March 3, 2010
The Arizona Senate in an 11-11 vote failed to pass a bill that would have banned texting on a cell phone while driving. If it had passed, SB 1334 would have imposed fines of $50 for from operating a motor …
February 24, 2010
A former claims adjuster for Progressive in Maryland has been sentenced for stealing more than $39,000 from the insurer, according to the state’s attorney general. Chae Hyong Chu, has been sentenced on a single count of felony theft. Montgomery County …
February 22, 2010
Gov. Martin O’Malley said Thursday he would support requiring first-time drunk drivers to install ignition locking systems in their vehicles, so they couldn’t drive them if they’ve had too much to drink. O’Malley announced his support for the measure while …
February 21, 2010
OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …
February 21, 2010
Dumb Fraud “This ranks as one of the dumbest things.” —Maryland Judge Michael J. Algeo, who gave a five-year suspended sentence for insurance fraud to Joseph Francis Brooks, 46, of Philadelphia. Brooks admitted that he staged a fake robbery and …
February 21, 2010
K. Patrick Armstrong has joined the executive team at New York-based ReSource Pro as a business process consultant. Armstrong will work with insurance agencies, brokers, MGAs and carriers to implement insurance process outsourcing. Patrick joins ReSource Pro with 20 years …
February 21, 2010
What events have shaped the modern insurance landscape? Which ideas, innovations and accidents stand out as landmarks in the development and growth of this most important industry known as insurance? Following is one person’s opinion of the seven wonders of …
February 21, 2010
Leading into 2009, agencies were at a crossroads; uncertain of whether to sell, buy, or implement new or improved organic growth strategies. The path was uncertain, but it was widely believed that market, economic and political dynamics would impact and …
February 21, 2010
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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
February 19, 2010
Officials at the Maryland Zoo in Baltimore say $1.5 million in damage after two recent snowstorms will delay the attractions’ opening by up to a month. Insurance adjusters declared the Maryland aviary a total loss, the African aviary was heavily …