Global insurance broker Willis Group Holdings has released a new political risk pricing paper, which is aimed at encouraging the injection of capacity into the political risk reinsurance market. The study, entitled “Political Risk Reinsurance Pricing – A Capital Market …
Texas Attorney General Greg Abbott recently ordered an asset freeze and temporary restraining order against the owner of a Houston auto auction, seeking an accounting for millions of dollars in fees fraudulently assessed against those who participated in auctions to …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during April. The actions include four license revocations, three license denials and fines and restitution totaling $174,600. Copies of Geeslin’s orders may be obtained …
Citizens Property Insurance Inc. successfully completed a $3.05 billion bond sale Tuesday, boosting company reserves for damage claim payment if a storm strikes, a company official said. “We had a very successful pricing today,” said Terri Slack, CFO of the …
With fewer large books of business changing hands recently, insurance agencies are relying on staff-driven, organic growth to expand their operations. Compensation packages and new recruitment and training strategies have shifted to reflect this trend, and also to address the …
The Texas Department of Insurance, Division of Workers’ Compensation has determined that any interest or discount provided for in the Act shall be at the rate of 8.68 percent. This rate is computed by using the treasury constant maturity rate …
Attorney General Mike Beebe recently issued a consumer alert aimed at job seekers who receive bogus offers of employment from overseas. The offers are designed to trick individuals who are looking for work into wiring money out of the country. …
The Texas Department of Insurance (TDI), Division of Workers’ Compensation will hold a public hearing on July 26, 2006, in the Tippy Foster Room of the Division’s Central Office located at 7551 Metro Center Drive, Suite 100 (near the intersection …
Maryland Attorney General J. Joseph Curran, Jr. reported the filing of felony insurance fraud and felony theft charges against Joseph J. Muehleison, an insurance agent and former president of Commercial Lines Corporation which was located in Lutherville, Maryland. According to …
North Dakota Insurance Commissioner Jim Poolman today warned seniors and other Medicare recipients to be on the look out for telephone scams. Callers, posing as representatives of fictitious companies such as Pharma Corp., National Medical Office, Medicare National Office and …