Monthly Archives: <span>March 2010</span>

Mississippi Insurance Agent Seeks New Trial in Federal Scam Conviction

Ecru, Mississippi insurance agent Ken Nowlin claims in court documents that he was given faulty advice by his attorney in a government kickback case and wants a new trial. In documents filed this month in U.S. District Court in Oxford, …

Violent Storm Hits Perth with Power Cuts, Flood and Hail Damage

A major storm has caused widespread flooding, collapsed roofs and power cuts to 150,000 customers in the western Australian city of Perth. The Bureau of Meteorology said the Monday storm carried wind gusts of more than 75 miles per hour …

Bismark Agency, Agents Ordered to Cease and Desist

North Dakota Insurance Commissioner Adam Hamm has issued a cease and desist order against Jay Fettig and Danny Weigand, both of Bismarck, along with The Medicare Agency, The Founders LLC, ADN Insurance Services, ADN Wealth Management Group and all affiliated …

Minnesota Insurance Agents Charged with Misappropriating Funds

The Minnesota Department of Commerce has charged a father-son insurance team in Duluth with allegedly misappropriating, withholding or converting funds in the course of their business. A hearing to determine whether the agents committed the alleged violations and should be …

Former California State Fund President Earned $1.6 Million

The ex-president of California’s largest provider of workers’ compensation earned more than $1.6 million in her two years on the job, according to a Los Angeles Times report. Janet Frank, 58, was hired in 2007 to oversee State Fund after …

Powerful Search Lists Prospects for Insurance Agents

Omaha, Nebraska, March 24, 2010 – New search technology helps P&C agents, find leads and prospects. In addition to listing home policy expiration dates for use in generating sales leads, Cole X-Dates, is pleased to announce new search capabilities that …

Don’t Let Research Distract from Safe Driving Efforts

The National Highway Traffic Safety Administration reports that nearly 6,000 people died in 2008 in crashes involving a distracted or inattentive driver, and more than half a million were injured. Many of them were teens. According to the Insurance Institute …

Colorado To Host First Workers’ Comp Conference

Colorado Workers’ Compensation Director Bob Summers announced that the Division will be holding the first annual Colorado Workers’ Compensation Educational Conference in Denver, Sept. 16-17, 2010. The conference will be held in cooperation with the International Workers’ Compensation Foundation. The …

Ratings Recap: AXIS (notes), Jasindo

A.M. Best Co. has assigned a debt rating of “bbb+” to the recently issued $500 million 5.875 percent senior unsecured notes due 2020 of Axis Specialty Finance LLC. The senior notes are unconditionally and irrevocably guaranteed by Bermuda-based Axis Capital …

Calif. Agent Steals from Church, Pleads Guilty to Grand Theft

Insurance agent Luis Daniel Trevino of Porterville, Calif., has pleaded guilty to grand theft and identity theft, the California Department of Insurance announced. A joint investigation conducted by the Tulare County Sheriff’s Department and the DOI revealed that on July …