January 11, 2009
It’s the second time in the seven months Progressive has been selling personal auto insurance online that the company has become a target of agents’ ire. A trade group for Massachusetts insurance agents has asked the state’s top regulator to …
January 11, 2009
Laws mandating stores only sell cigarettes that are slow-burning and fire-safe went into effect in five states on New Year’s Day, including Texas and Oklahoma. Those two states, plus Delaware, Iowa and Pennsylvania, joined 17 others in mandating the fire-safe …
January 11, 2009
Alice A. Molasky Arman joined Western Insurance Co. as senior vice president of government relations. Molasky Arman recently retired from the State of Nevada, where she was recognized as the state’s longest serving Commissioner of Insurance serving a tenure from …
January 11, 2009
A national consumer group says state insurance departments vary in the quality of the information they provide consumers online, with differences in the usefulness of information such as the rates and practices of individual insurance companies. According to the Consumer …
January 9, 2009
Buffalo, New York-based insurance wholesaler Russell Bond & Co. has opened a new office in Southampton, Massachusetts. It is the third location for Russell Bond; in addition to its headquarters the firm also has a New Jersey office. Barbara J. …
January 9, 2009
The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) from June through October 2008 assessed administrative penalties totaling $285,775 in disciplinary orders issued by Commissioner of Workers’ Compensation Rod Bordelon. Commissioner’s orders are subject to appeal to state district …
January 6, 2009
A U.S. congressional panel postponed a Wednesday hearing on the Treasury Department’s use of a $700 billion financial bailout fund and priorities of president-elect Obama’s administration, the House Financial Services Committee said Monday. A reason for the postponement was not …
January 6, 2009
Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with recently announced transactions in the public risk insurance sector, will further extend …
January 6, 2009
Nine states have reached a $7 million settlement with New York-based insurance broker Marsh, Inc., Marsh & McLennan Companies, Inc., resolving a four-year investigation into Marsh’s role in a nationwide bid rigging scheme. Marsh allegedly made collusive arrangements whereby brokers …
January 5, 2009
A flyer falsely claiming that the state’s 25-year-old green motor vehicle tags had to be replaced has started a run at the Registry of Motor Vehicles. Registrar Rachel Kaprielia said last week her office has been trying to inform motorists …