Nebraska News

IIAA Expresses Approval of Producer Licensing Reform Progress

The Independent Insurance Agents of America (IIAA) expressed its approval of the efforts made by a number of states to enact licensing reforms. IIAA State Government Affairs Committee Chairman Ronald A. Smith emphasized that such efforts are necessary in order …

Edleman, Weill Named Directors at Acceptance Insurance Cos.

Nebraska-based Acceptance Insurance Companies Inc., an insurance holding company providing specialized crop insurance products throughout the U.S., named Myron L. Edleman and Richard L. Weill as directors of the company. Edleman, 58, owns and operates Edleman Ranches and Split Rock …

How Much Do You Earn’

Nebraska Gets Licensing Law Without Exemption

Gov. Mike Johanns has signed an insurance producer licensing bill incorporating all the provisions of the National Association of Insurance Commissioners model regulation. “We tried to amend LB 51 to include a specific exemption for customer service representatives,” said National …

Amwest to Restructure Reinsurance Program

Amwest Insurance Group has agreed with its reinsurers to provide multi-year quota share reinsurance covering all inforce surety bonds at Dec. 31, 2000, and for prospective surety business. The agreement is subject to approval by the Nebraska Department of Insurance. …

InsuranceNoodle.com Unveils Options for California Agents

InsuranceNoodle announced yesterday that it is licensed to sell insurance in California, bringing its total to 34 states and nine of the 10 largest states in which the online company is doing business. Licensing in Texas-the only large state remaining-is …

Bank Acquires Wyoming Insurance Agency

Community First Bankshares Inc. has acquired C. R. Motis Insurance Agency, a Wyoming insurance agency, through its affiliate, Community First Insurance Agencies Inc. The agency has offices in Casper, Cody, Green River and Laramie and total revenue of more than …

AMWEST RESTRUCTURES BANK DEBT

Calabasas-based Amwest Insurance Group has reached an agreement with Union Bank of California, N.A. to restructure its outstanding $13,633,077 term note. The agreement is contingent on receiving approval from the Nebraska Department of Insurance. In exchange for the bank’s forgiveness …

Amwest Insurance Group Restructures Bank Debt

Amwest Insurance Group has reached an agreement with Union Bank of California, N.A. to restructure its outstanding $13,633,077 term note. The agreement is contingent on receiving approval from the Nebraska Department of Insurance. In exchange for the bank’s forgiveness of …

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting

NAPSLO Legislative Report: Surplus Lines Issues Covered at NAIC Meeting With the end of the year 2000 state legislative sessions and the U.S. Congress winding down its post-election lame duck session, legislative activity affecting the insurance industry has virtually ground …