Minnesota News

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. Blanket Accident Insurance Nuts & Bolts: Francis L. Dean & Associates of Illinois is a …

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. Corporate Directors and Officers Nuts & Bolts: Travis-Pedersen and Associates of Arizona LLC offers a …

Industry Fights Back Against Charges of Bad Faith

The University of Michigan’s Ross School of Business’ latest American Customer Satisfaction Index (ACSI) shows that property and casualty insurers continue to rank above average in customer service compared to other industries. The property casualty insurance industry improved this year …

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. Tattoo & Body Piercing Nuts & Bolts: Professional Program Insurance Brokerage has enhanced its tattoo …

Compulsive Gambler Chases $20M Long-Shot Lawsuit against Casinos

She was an ambitious lawyer and TV commentator who started going to Atlantic City casinos to relax, and soon was getting high-roller treatment that included limousines whisking her to the resort city. Arelia Margarita Taveras says she was even allowed …

Not So Funny: N.Y. Slaps Comic Franken with $25K Workers’ Comp Fine

The Senate campaign of comedian-turned-candidate Al Franken is dealing with a bump served up by an unpaid fine. The state of New York fined Franken’s personal corporation $25,000 for not carrying workers’ compensation insurance for almost three years through 2005. …

Texas’ Jan. Enforcements Result in Nearly $570K in Fines, Restitution

Enforcement actions taken by The Texas Department of Insurance that became final during January 2008 include nine license revocations, a license denial and fines and restitution totaling $569,867. Only final orders are listed. An order imposing disciplinary measures becomes final …

Minn. House Approves $40 Million Fund for Victims of Bridge Collapse

The Minnesota House approved a $40 million fund last week to compensate victims of the Interstate 35W bridge collapse. The vote was 120-10 after a debate on the same day that lawmakers learned the state’s projected budget shortfall has grown …

Grange Insurance Adds Board Member Buth, Chairman Billman Retires

Grange Mutual Casualty Company recently announced that its policyholders have elected Douglas Buth to its Board of Directors. Chairman Emeritus Edward Billman also announced his retirement from the Grange Board. Both announcements were made during the company’s annual policyholders’ meeting. …

Best Puts GMAC’s Ratings Under Review/Negative

A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of GMAC Insurance Group (GMACI) and its sixteen members, led by Motors Insurance Corporation, under review with negative implications. Best …