New Mexico News

Wells Fargo Insurance Services Acquires Kinney Agency

Wells Fargo Insurance Services USA Inc., part of Wells Fargo & Co., announced it has acquired Kinney Agency Inc., a single office, commercial insurance brokerage firm located in Albuquerque, N.M. The acquisition closed on July 1, 2010. Terms of the …

New Mexico CPCU Installs Officers

The New Mexico Chapter of the Chartered Property Casualty Underwriters has installed officers for the 2010-2011 term. Officers include: President Byrd Horner of CNA, Larry Cornwell, also of CNA and Secretary/Treasurer John Gantzer of New Mexico Mutual Insurance.

Arizona Wildfire Incurs $1.8 Million in Claims

An Arizona wildfirethat has burned 14,000 acres and incurred $1.8 million in claims to date might be the first example of the fire risks the Western United States are facing in 2010. But, the National Interagency Coordination Center expects fire …

Hawaii Insurance Commissioner Schmidt Resigns

Resignation is One of Many in West The latest in a series of resignations among western insurance regulators, J.P. Schmidt, Insurance Commissioner of the State of Hawaii, will be leaving his position to join the Honolulu law firm of Bays …

Montoya Appointed New Mexico Acting Superintendent of Insurance

The New Mexico Public Regulation Commission has voted unanimously to appoint Johnny L. Montoya acting superintendent of insurance. Montoya, who will continue to perform the function of interim chief of staff until July 6, takes over the interim superintendent reins …

Louisiana to American Trade Association: Stop Selling Insurance

Louisiana Department of Insurance Fraud Section Investigators served American Trade Association, its 13 companion companies and 14 personnel with cease and desist orders on June 7, 2010, for selling unauthorized insurance in Louisiana. Louisiana’s action follows regulatory moves against ATA …

New Mexico Names Dunbar Interim Insurance Chief; Deputy Resigns

The New Mexico Public Regulation Commission appointed a new interim insurance superintendent, and the deputy superintendent has resigned. The PRC announced the appointment of Craig Dunbar to replace Deputy Insurance Superintendent Thomas Rushton, who has been serving as interim superintendent …

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. Speaker and Entertainer No-Show, Cancellation Coverage Market Detail: HCC Specialty Underwriters can provide coverage for …

Hiscox USA Adds Underwriters to Los Angeles Regional Office

Hiscox USA has expanded its business in its Los Angeles, California office with the addition of underwriters in the allied healthcare professional and general liability; architects, engineers and construction managers professional liability; kidnap and ransom and miscellaneous professional liability product …

Smart Choice Agency Market Program Expands to 6 More States

The North Carolina-based Smart Choice Agents Program, which says it currently provides personal and commercial lines markets for some 3,000 independent agencies in 32 states, is expanding into six additional states. The program is moving into Arizona, Colorado, Nevada, New …