September 28, 2005
Wells Fargo Insurance, Inc., a subsidiary of Wells Fargo & Company, has acquired the crop insurance business from Portland, Indiana-based JS Crop Insurance, Inc. (JS Crop), expanding Wells Fargo’s reach to farmer-customers in Indiana and Ohio. Terms of the acquisition …
September 23, 2005
According to the NAIC’s “State Average Expenditures & Premiums for Personal Auto Insurance in 2003,” North Dakota drivers enjoy the lowest average auto insurance premiums in the nation. North Dakota’s average annual auto insurance expenditure of $536.30 is 35 percent …
September 22, 2005
According to the Kentucky Office of Insurance in Frankfort, a Washington state company is selling Kentuckians bogus “auto bonds,” claiming that the product is a viable substitute for mandatory automobile insurance. The practice was uncovered after an employee from a …
September 20, 2005
The Nevada Independent Insurance Agents recently elected a new Board of Directors and named a new president. Nevada Insurance Commissioner, Alice Molasky-Arman, announced the installation of the following newly elected officers: President: Mike Schellin, Nevada Insurance Agency Company, Carson City …
September 19, 2005
Head restraints in some minivans inadequately protect people against neck injuries in rear-end crashes, said the Insurance Institute for Highway Safety. Several automakers took issue with the latest test results. Earning poor overall ratings were seven models subjected to a …
September 15, 2005
Since the inception of the National Outstanding CSR of the Year Award in 1991, one exceptional customer service representative has been selected each year to receive the high-profile honor sponsored by The National Alliance for Insurance Education & Research. This …
September 14, 2005
Lawmakers in the nation’s capital have proposed tax changes to encourage charitable giving and help victims of Hurricane Katrina get back on their feet. The Senate’s top tax writers offered a package of tax aid that would let hurricane victims …
September 5, 2005
A Supreme Court of the New York placed Realm National Insurance Company, a property and casualty insurer domiciled in the state that wrote mainly workers’ compensation, in liquidation on June 15, 2005. Realm was authorized to write predominately workers’ compensation, …
September 5, 2005
Mid-Year 2005 2005 Rates 6 Mos Premium (mill.) 6 Mos Items State St. Fee SL Tax 2005 2004 % Chg 2005 2004 % Chg AZ 0.25% 3.00% $278.9 $226.3 23.2% 25,894 20,647 25.4% CA 0.225% 3.00% $2,755.2 $2,689.1 2.5% 246,056 …
August 30, 2005
Realm National Insurance Company, a property and casualty insurer domiciled in New York that wrote mainly workers’ compensation, was placed in liquidation by the Supreme Court of the State of New York on June 15, 2005. Realm was authorized to …