Austin, Texas-based National Alliance Research Academy has published the third edition of their producer compensation study, Producer Profile: Compensation, Production, and Responsibilities. This study surveyed over 400 property and casualty producers from independent insurance agencies to determine how producers are …
Dennis Ingles, of Haughton, La., was convicted recently of one count of conspiracy, four counts of mail fraud, and one count of wire fraud, according to U. S. Attorney Donald Washington. The conviction arose out of a reported scheme to …
The current status of rule-making projects by the Texas Workers’ Compensation Commission has been added as a regular page on the Commission’s Web site at: www.twcc.state.tx.us. Projects posted on the Web page extend through the Fall of 2005. The page …
The Oklahoma Insurance Department approved a rate increase for medical professional liability carrier NCMIC Insurance Co. NCMIC applied for a rated increase in August 2004. It sought a rate increase of 23.2 percent with an effective date of Oct. 1. …
The Texas Depart-ment of Insurance imposed stiff sanctions on a Florida man found to be recruiting and training Texas agents to sell unauthorized health insurance plans. Insurance Commis-sioner José Montemayor signed an order against Herbert Wayne White of Fruitland, Fla., …
TDI, Lt. Governor vow to continue efforts on behalf of homeowners. A state district judge in Texas on Nov. 8, 2004, overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies, but the Texas Department of …
No effort is planned in the upcoming Arkansas legislative session to gain approval for a measure that would limit damages that could be awarded in suits against nursing homes, a top industry official says. A measure to cap punitive damages …
Where were you in 1969? Hitchhiking to Woodstock? Surviving the jungles of Vietnam? Graduating from high school? Learning the ropes of the insurance industry? Not born yet? If you were in Austin, Texas, in the fall of that year, you …
With the latest insurance industry market conduct problem, consumers once again see not only the failure of state insurance regulation to protect them but the refusal of state insurance regulators to take responsibility for their failure. The latest actions by …
2004 Could Break Records for Announced Transactions Agency consolidations are likely to achieve record results for 2004 but the outlook for 2005 remains unclear. Agency acquisitions in 2004 will more than likely outpace prior years by at least 25 percent. …
