The Florida Department of Financial Services is seeking to revoke or suspend the licenses of two Orlando-area insurance agents who allegedly marketed phony policies. Michael Edward Rock of Orlando, is accused of marketing phony medical malpractice coverage to physicians and …
A 22 year-old Orange Park, Florida man has been arrested in connection with several arson fires that occurred earlier this year in the Eagle Harbor area of Clay County. James Bird was charged Monday with criminal mischief and arson stemming …
Illinois Governor Rod Blagojevich has signed into law two bills dealing with taxation on surplus lines insurers and motor vehicle records fees. “Illinois’s budgetary concerns spilled over into the insurance industry with these bills, both of which increase the fees …
U. S. Risk Insurance Group announced the opening of a new office in Avon, Connecticut, just outside of the Hartford area. Alternative Insurance Xchange is an alternative risk transfer company that will develop captives, self insurance programs, in addition to …
Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the year. Additionally, at the company’s …
Identitech, a provider of integrated Business Process Management software, announced that ADESA Corp., an ALLETE company, will implement FYI software to assist with the daily processing of vehicle remarketing activities. The initial implementation of FYI will work with PAR North …
Pennsylvania Insurance Commissioner Diane Koken has released enforcement actions and market conduct examinations taken in May against insurance producers and companies licensed to conduct business in the Commonwealth. Below is a brief summary of actions taken. More detailed information on …
The California Autobody Association (CAA) has been waiting this year to see if Texas would be successful on their legislation prohibiting insurers from owning auto repair shops. On Friday, June 20, Republican Texas Governor Rick Perry signed into law Texas …
A Louisiana bill that would overhaul the state’s FAIR and Coastal plans passed both the Senate and House and is headed to Gov. Mike Foster’s desk for his signature. House Bill 1788, which creates the Louisiana Citizens Property Insurance Corporation …
The National Association of Independent Insurers, commenting on the recently concluded session of the New York state legislature, which adjourned last week, said that it had “turned out to be a disappointing session for the insurance industry.” “We’re very discouraged …