Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents …
But Selling More at Subsidized Premiums Could Sink Flood Program There are a number of communities across the country where more flood insurance policies should be sold given their populations and flood risk. They include dozens of counties that have …
Puts Faith in Independent Agents Liberty Mutual Group is throwing in the towel on direct distribution of insurance to middle market businesses. Because it couldn’t beat independent agents and brokers — who dominate sales in this segment — Liberty Mutual …
Three principals of a Grand Island insurance agency under investigation amid allegations of a Ponzi scheme have agreed to have their insurance licenses revoked. A state hearing had been set for next week to consider removing the licenses for James …
Kansas City-based UMB Financial Corp. reported that Roger Forystek has joined the company as president of its insurance subsidiary, UMB Insurance. He will be responsible for overseeing the insurance company and managing growth of insurance sales and distribution. Forystek has …
An Iowa woman who worked for Mutual of Omaha has been sentenced to two years in prison for processing false insurance claims on behalf of a Vermont woman. Rachel Lenagh of Neola was sentenced Friday in Omaha, Neb., for conspiracy …
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of “bbb-” of Great Northwest Insurance Co., which is headquartered in St. Paul, Minn. …
A bankruptcy hearing has been scheduled for a Grand Island insurance agency under investigation by the state. First Americans Insurance Service filed for Chapter 11 bankruptcy protection on Jan. 12, claiming between $100 million and $500 million in liabilities. The …
10 The age of a girl who died in a 2006 tornado in Rogers, Minnesota and whose family is blaming the homebuilder, not the tornado. In a wrongful death suit, the family of Jaymi Wendt claims Jaymi’s death might have …
An alleged Ponzi scheme by a Grand Island insurance agency that recently filed bankruptcy listing more than $100 million in debt is being investigated. Attorney General Jon Bruning this week authorized the State Patrol’s investigation into First Americans Insurance Service …
