The Worst Storm “This is without question the worst ice storm in state history, and it will require a historic response from all levels of government.” —Oklahoma Gov. Brad Henry, following severe ice storms that hit his state in December …
Editor’s Note: The original version of this story incorrectly identified Mark Solomon, Jr. as being associated with All Auto Insurance Agency Inc. in Richardson and a TIP Board member. Mark Solomon, Jr. is head of the E&O agency for Texas …
Texas Insurance Professionals recently received the Outstanding Sales Achievement Award from the Utica National Insurance Group. Utica Special Programs Vice President/Director Curtis Pearsall praised Mark Solomon Jr., of All Auto Insurance Agency Inc. in Richardson and a TIP Board member, …
Arkansas Insurance Commissioner Julie Benafield Bowman was re-elected to the position of vice chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC) at the association’s quarterly meeting held in Houston. The Southeastern Zone includes commissioners and …
The National Association of Insurance Commissioners (NAIC) today bestowed its Esprit de Corps Award to the Nebraska Department of Insurance. This is the second time the NAIC has given the award. Nebraska Insurance Director Ann Frohman accepted the award, which …
Funds fulfill statutory promise to protect policyholders At the heart of every property and casualty insurance contract lies a promise to soften the blow of misfortune. But what happens when an insurance company becomes financially troubled, fails and is no …
The Interstate Insurance Product Regulation Commission adopted a $1.4 million 2008 budget by a vote of its full membership in a public teleconference yesterday. Following a comprehensive comment period, including a public hearing before its Management Committee last week, the …
Insurer likes Hispanic market potential as well as solid performance of Mass. personal lines insurer The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Webster, Mass.-based personal lines …
The potential of the Hispanic insurance market is one of the factors attracting Spanish insurer Mapfre to its acquisition of the Massachusetts-based personal lines writer Commerce Group. Mapfre officials calculate that about 14 percent, or some 22 million, of Commerce’s …
Spain’s largest insurer, Mapfre S.A., has agreed to buy the Massachusetts-based personal lines insurer The Commerce Group, Inc. for $2.21 billion in cash in a bold move to expand its presence in the U.S. market. Mapfre, which has more than …
