Panama News

FEMA Worker Held for Trial in 1998 Scheme to Steal $48,000

A state worker who was assigned to process Federal Emergency Management Agency claims, and who was indicted in Miami in 1998 for planning to steal nearly $48,000 in bogus hurricane claims, has been returned from Panama to the United States …

UNAUTHORIZED MARINE INSURANCE TARGETED

The Louisiana Department of Insurance reported it has ordered an insurance company and its sponsoring association to cease all participation in the alleged writing of unauthorized insurance coverage in Louisiana. North American Marine General Insurance Company of Panama City, Panama, …

La. DOI Takes Action Against Unauthorized Marine Insurance Sales

The Louisiana Department of Insurance reported it has ordered an insurance company and the association that sponsors it to cease all participation in the alleged writing of unauthorized insurance coverage in Louisiana. North American Marine General Insurance Company of Panama …

Talk to and Support Your Legislators

I recently attended the Professional Insurance Agents of Florida’s “Legislative Day 2005” in Tallahassee, and March 17 I’ll attend the Alabama Independent Insurance Agent’s 18th Annual Legislative Conference in Birmingham. I learned a lot at PIA of Florida’s event, as …

Fla. Comp Rules Repealed, Little Effect Seen on Insurance Industry

In early December the Florida Supreme Court decided it lacked jurisdiction and repealed Florida’s workers’ compensation rules it had previously enacted. According to knowledgeable industry experts, the action should have little direct effect on the insurance industry. The court was …

Florida Legislature Considers Hurricane Relief Funding

The Florida Legislature will vote this week on providing close to $500 million for hurricane relief efforts. Included in debates Tuesday were a bill to establish a $20 million fund to help homeowners who had to pay more than one …

A.M. Best Affirms Rating for Compania Internacional de Seguros S.A.; Outlook is Stable

A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) of Compania Internacional de Seguros S.A. (IS) (Panama). The rating outlook is stable. This rating reflects IS’ solid capitalization, disciplined underwriting and leadership position in local and …

Fla. Workers’ Compensation Rules Repealed; Little Effect Expected on Insurance Industry

The Florida Supreme Court yesterday decided that it lacked jurisdiction and repealed recent changes in Florida’s Workers’ Compensation Rules, but according to knowledgeable industry experts, the action should have little direct effect on the insurance industry. The court was responding …

Miss. Trustmark Bank to Acquire Fisher-Brown Agency

Trustmark Corporation, parent of Jackson, Miss.-based Trustmark National Bank, announced today it will acquire Fisher-Brown Inc., an insurance agency in northwest Florida. Fisher-Brown will become a wholly owned subsidiary of Trustmark, pending regulatory approval. Fisher-Brown was founded in 1911 and …

Jurenek Joins Sales Team at Pan-American Life

New Orleans-based Pan-American Life Insurance Company announced that Suzanne Jurenek is the company’s new sales director for U.S. Life Sales. As director of U.S. Life Sales, Jurenek works with MGAs and producers to generate life, annuity and disability sales in …