Minnesota News

Top 100 Privately-Held Property/Casualty Agencies

Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …

Ingenix-Based Health Treatment Charges Under Scrutiny in Florida

Florida insurance regulators are looking into whether some Florida health plans have been using a flawed fee schedule to pay out-of-network doctors for their members’ treatments. If so, patients have been shouldering more than their fair share of the bill …

Unsafe Truck, Bus Operators Told to Shut Down Are Still on Roads

Hundreds of tractor-trailer and bus companies ordered to shut down because of federal safety violations ranging from suspended licenses to possible drug use have stayed on the road by using different names, investigators say. The study by the Government Accountability …

Holburn Moves Minnesota Office, Names New Leader in Kansas City

Holborn Corporation, an independent provider of reinsurance brokerage services, has moved its Minnesota operations to new facilities and added two new staff members in the Midwest. Under the continued leadership of senior vice president John McLean, Holborn’s Minneapolis operations are …

2008 Losses Lead to Record Insurance Payments to Midwest Farmers

The National Crop Insurance Services trade group says a record $8.6 billion in crop insurance indemnity payments has been made to U.S. farmers for crop losses in 2008, and a lot of that money went to farmers in the Midwest. …

The Hartford Rolls Out AARP Auto Product Through Independent Agents

The Hartford Financial Services Group Inc. is now offering AARP-branded auto insurance through select, authorized independent agents. Previously, the insurance was only available directly from The Hartford by phone, Internet or mail. The decision to expand through the agent channel …

Business Moves

Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …

Business Moves

AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group Inc. (FGI), a subsidiary of Zurich for …

New Markets

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 …

People

Illinois Governor Pat Quinn named Michael McRaith director of the newly created Department of Insurance (DOI), which separated from the Illinois Department of Financial and Professional Regulation (IDFPR) on June 1, 2009. Quinn also asked Brent Adams to serve as …