The Nebraska legislature has joined North Dakota in adopting the National Conference of Insurance Legislators’ (NCOIL) model act for credit-based insurance scoring. Kansas also has passed legislation that follows much of the NCOIL model. The NCOIL model requires an insurer …
Michigan Gov. Jennifer M. Granholm, a Democrat, has appointed Linda Watters, president and CEO of Detroit Commerce Bank, as the new commissioner of the Office of Financial and Insurance Services (OFIS). She will begin April 28. OFIS is responsible for …
The Oregon Senate Judiciary Committee unanimously voted to pass Senate Bill 260, which would prohibit insurance carriers from using credit information for underwriting and rating policies, the National Association of Independent Insurers (NAII) said. SB 260 now heads to the …
Atlanta-based Digital Insurance Inc. announced it has signed agreements with three Assurex Global-affiliated employee benefits brokerage firms to handle the day-to-day service and sales of a portion of their small group benefits business. These new Assurex partners are Lipscomb & …
The Florida House State Administration Committee approved H.B. 1837, designed to cut workers’ compensation costs by limiting lawsuits and making it more difficult to prove compensation for injuries, according to the National Association of Independent Insurers (NAII). “This bill in …
Former Louisiana insurance commissioner Jim Brown was released from prison after serving a six-month sentence for lying to the FBI. According to the New Orleans Times Picayune, the ex-commissioner left in style—in a limousine chartered by his wife, Gladys. He …
The Combined Agents of America LLC (CAA) announced that Independent Insurance Agents of Texas (IIAT) has awarded CAA member Gilmore Insurance Agency Inc. of Lubbock, Texas, the “Accredited Customer Service Representative (ACSR) Honor Roll Agency” distinction. This is the eleventh …
Navigators Pro, a division of Navigators Management Company, a subsidiary of The Navigators Group, Inc. (www.navg.com), has introduced the IDL InNAVation(SM) coverage endorsement to its traditional primary directors and officers (D&O) liability policy. IDL InNAVation(SM) increases security and certainty to …
American Safety Insurance Group, Ltd. announced results for the fourth quarter and full year ended Dec. 31, 2002. Total revenues for the fourth quarter of 2002 decreased 35 percent to $29.7 million compared to the same quarter of 2001. The …
Standard & Poor’s has affirmed its ‘AA’ financial strength rating on Top Layer Reinsurance Ltd. (Top Layer), a Bermuda-based reinsurer of risk-remote property catastrophe exposure, based on support from the company’s parents and a $3.9 billion reinsurance contract. Top Layer …
