The Texas Department of Insurance Division of Workers’ Compensation (TDI-DWC) from June through October 2008 assessed administrative penalties totaling $285,775 in disciplinary orders issued by Commissioner of Workers’ Compensation Rod Bordelon. Commissioner’s orders are subject to appeal to state district …
AFCO Credit Corp. has plans to buy the domestic operations and assets of the premium finance business of Cananwill from Aon Corp. Glenview, Ill.-based Cananwill provides insurance premium financing for commercial property and casualty policies. It was founded in 1937. …
It’s a select community. Only 11 state insurance commissioners across the country are elected rather than appointed. Wayne Goodwin is now one of the 11. He won the Nov. 4 election to succeed Jim Long, who first won the job …
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents 144 auto insurers …
Authorities need to more strongly warn residents that muck left from a major coal-ash spill in eastern Tennessee could pose health risks, a southern environmental group said Saturday. The Tennessee Department of Environment and Conservation said Friday that the mixture …
North Carolina Insurance Commissioner Jim Long reports that Kenneth Rick Morrow of Marion, a licensed insurance agent, was arrested last week and charged with nine counts of embezzlement, nine counts of obtaining property by false pretense, and eight counts of …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during November include five license revocations and fines and restitution totaling $180,029. An order imposing disciplinary measures becomes final 20 days after the agent …
West California Passed Agent-Broker Law The most notable bill affecting California agents was AB 2956, which clarifies the duties of an insurance agent versus a broker. Prior to the new law, confusion existed within the industry, with consumers, brokers, agents, …
Transactions involving agencies and brokerages other than the Brown & Brown, Arthur J. Gallagher and Hub International (see below) deals in the months announced or completed: January California: R.E. Chaix & Associates Buys Katie Freeman Insurance Services Georgia’s Britt/Paulk Insurance …
