News

Combined agents of America Elects New 2013 Leadership

Combined Agents of America LLC (CAA), based in Austin, Texas, has elected an new management committee for 2013-14, led by Chairman Bill Kliewer. CAA member agencies are located in Texas, Kansas and Oklahoma. Each CAA management committee member is elected …

New ‘Obamacare’ Exchanges Could Miss Enrollment Deadline: GAO

New health insurance exchanges being set up by the federal government in more than 30 states under President Barack Obama’s 2010 healthcare overhaul could miss an Oct. 1 deadline for open enrollment, a government report said on Wednesday. The launch …

Roundstone Management Adds Pompili as Senior VP

Roundstone Management Ltd., which specializes in alternative risk insurance products and is based in Westlake, Ohio, has added Gene Pompili as senior vice president of sales. Pompili will lead and further develop Roundstone’s medical stop loss sales team. His role …

Iowa Health Insurer to Seek Smaller Rate Hikes

Months after customers blasted the company for skyrocketing rates, Iowa’s dominant health insurer says it will limit premium increases in 2014 to less than six percent for individual and small business policyholders. Wellmark Blue Cross and Blue Shield announced on …

Oklahoma Insurance Claims from May Tornadoes Top 70K

Insurance claims filed in response to a major tornado outbreak in May jumped to 70,782 on June 18, with insurance payments reaching $561,976,781, the Oklahoma Insurance Department announced. The department broke the claims down as follows: May 19 and 20 …

Texas Windstorm Insurance Group Expects Surplus

The nonprofit, state-supervised property insurance agency for coastal Texas counties is expected to shore up its finances by the end of the year, the group told a state House panel on June 17. Pete Gise, who handles the Texas Windstorm …

CNA Appoints New VP, Corporate Development

Chicago-based CNA Financial Corp. has appointed Derek Smith as vice president of corporate development, in charge of investor relations, rating agency management, capital management, and mergers and acquisitions. Smith comes to CNA from Macquarie Capital Inc., where he served as …

Heffernan Acquires N.Y.-Based Consuasor Insurance Advisors

Walnut Creek, Calif.-based Heffernan Insurance Brokers recently acquired Consuasor Insurance Advisors in New York. Founded in 2006, Consuasor is a multi-lines middle market broker with offices in New York City and Long Island, New York. Consuasor’s New York City operations …

Why Restaurant Franchises Make Good Program Business

One industry segment ideal for the program market and somewhat immune to the effects of a battered economy is the fast-food, multi-unit restaurant franchise industry, the experts say. The larger a company grows, the slower its rate of growth. But …

IRS Scandals Threaten Funding for Health Care Law

Mounting scandals at the Internal Revenue Service are jeopardizing critical funding for the agency as it gears up to play a big role in President Barack Obama’s health care law. Obama sought a significant budget increase for the IRS for …

News Archives by Month