July 23, 2007
Oregon’s Department of Consumer & Business Services announced that Insurance Administrator Joel Ario will be leaving the Beaver State to become Pennsylvania’s insurance commissioner. As the insurance administrator with the Oregon Department of Consumer & Business Services since 1994, Ario …
July 23, 2007
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $2.175 billion for second-quarter property losses resulting from a total of six catastrophes in 25 states — tying the record for the second-lowest number of catastrophes in a …
July 23, 2007
Vacation Income Property Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a trust, …
July 20, 2007
An insurance agent accused of defrauding investors has been arrested in Minnesota. David Skjerven, 60, of Sedona, Ariz., faces charges of theft and insurance fraud. An arrest warrant was issued earlier this month by officials in Norman County, Minn. Officials …
July 19, 2007
The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc. (AIG) to recover more than $100 million in damages for fraudulent actions and violations of …
July 18, 2007
As automakers race to inject as many safety, security, navigation and entertainment features as possible into their vehicles, they ought to keep Mark Evangelista in mind. The 45-year-old owner of a suburban Detroit construction company says he’s had General Motors …
July 18, 2007
Seattle-based Safeco has announced it has expanded its sales organization from five to nine regions, and has named executives to lead two of the new territories. “Independent insurance agents have consistently told us they want more personal contact,” said Spencer …
July 17, 2007
The Minnesota Department of public safety said 70 motorcycle riders died on state roads last year, the most since 1985. Authorities attribute the increase to more motorcycles on the road. The number of motorcycle owners in the state doubling in …
July 17, 2007
Western National Insurance Group recently announced that it has been named to the 2007 Ward’s 50 benchmark group of top performing property/casualty companies in the U. S.. The award recognizes Western National for achieving outstanding financial results in the areas …
July 11, 2007
Florida Insurance Commissioner Kevin McCarty issued a Cease and Desist Order to Great West Growth, LLC of Minneapolis, Minnesota ordering Great West Growth to cease operating as a viatical settlement provider in Florida. The Office of Insurance Regulation charged that …