Washington News

People

The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the day he graduated from the University …

Business Moves

TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …

East Meets West

The Hanover Group Expands Out West, Enters Agreement With OneBeacon The Hanover Insurance Group Inc.’s CEO Frederick H. Eppinger expects the western United States to be a key growth driver for the super-regional insurer in the next several years. Having …

People

Virginia-based specialty insurer Markel Corp. announced that its President and Chief Operating Officer Paul W. Springman resigned. Springman had been on a leave of absence since late October. The Independent Insurance Agents & Brokers of America (the Big “I”) named …

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. Stop All ID Fraud Market Detail: USX/S offers agents access to real ID theft protection …

Bill Filed in Oklahoma Would Allow Uninsured Vehicles to Be Impounded

Oklahoma State Rep. Steve Martin has filed a bill that would allow law enforcement officials to impound vehicles that are found to be uninsured. “This bill addresses one of the most consistent demands of voters in my district and across …

Group Sues for Records Proving Post-Madoff Reforms at SEC

A legal watchdog group has asked a court to order U.S. securities regulators to cough up records showing they implemented promised reforms following their failure to detect Bernard Madoff’s massive Ponzi scheme. In a lawsuit filed Wednesday in federal court, …

Washington Saves $128 Million By Fighting Fraud

The fight against fraud in the workers’ compensation system brought in $128 million to Washington last year, according to a new report from the state Department of Labor & Industries (L&I). In addition to recovering fraudulent payments and overpayments to …

Accidents Up Despite Spokane Red Light Cameras

Intersections where Spokane, Wash., installed red light cameras in 2008 in the name of safety saw an increase in crashes and injuries in the first year of the controversial program. There were 38 collisions at the three intersections the year …

New Orleans Metro Area Ties for Lowest Unemployment Rate

The New Orleans metro area tied for the lowest unemployment rate among the nation’s largest metropolitan areas, according to a report released by the federal Bureau of Labor Statistics. The Louisiana Workforce Commission reported that the unemployment rate for the …