1 in 4 About one in four Oklahoma drivers is uninsured, the fourth-worst rate in the nation, according to the Insurance Research Council, which studied data from 2007. The study found 24 percent of drivers in Oklahoma were uninsured. Only …
Local Fire Chiefs Depend on Neighboring Stations for Assistance
Property/casualty insurance agents should be aware that firefighters face significant challenges today, according to a survey commissioned by Insurance Services Office Ltd. (ISO). Most U.S. fire departments call on neighboring communities to help them fight fires, and the most significant …
Liberty Mutual Drops Direct Sales to Middle Market Businesses
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 …
People
The California Insurance Wholesalers Association awarded Hank Haldeman its recipient of the 2008 Industry Achievement Award. The award was given in appreciation of Haldeman’s outstanding dedication and hard work in promoting, defending, advocating and improving the Wholesale Insurance Industry in …
G4S, National Unity Form Anti-Fraud Partnership
North Carolina-based G4S Compliance & Investigations has formed partnership with National Unity Insurance Company, a Texas-headquartered company specializing in providing liability insurance for Mexican private and commercial auto while traveling in the United States and Canada. Under the agreement, G4S …
Allied World Q4 Net Income Down 83.9%; Full Year Drops 60.8%
Allied World Assurance Company Holdings reported net income of $19.9 million, or $0.39 per diluted share, for the fourth quarter of 2008 compared to net income of $123.0 million, or $2.01 per diluted share, for the fourth quarter of 2007, …
California’s W. Brown to Underwrite Aviation Insurance For Catlin US
Catlin Group Ltd., an international specialty property/casualty insurer and reinsurer, reported that W. Brown & Associates Insurance Services will underwrite general aviation insurance for clients nationwide on behalf of Catlin US. Among the types of general aviation coverages to be …
Two Florida Insurance Scam Artists Lose Mail Fraud Appeal
Two men sentenced to federal prison for cheating investors out of more than $100 million in an insurance scheme have failed to convince an appeals court that they were unfairly convicted of mail fraud. The 11th U.S. Circuit Court of …
Those Dashed Lines on Roads Are Longer Than Drivers Think
Take a guess — how long are the dashed lines that are painted down the middle of a road? If you’re like most people, you answered, “Two feet.” The real answer is 10 feet. That’s the federal guideline for every …
U.S. Senate Rejects Cutting Company Repatriation Tax Rate
The U.S. Senate Tuesday defeated a provision to slash the tax rate on profits that companies bring into the United States from overseas, voting not to include it in the economic stimulus package. The measure would have temporarily cut the …
