Maine’s Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Lewiston-based Northeast Bank, continues to grow its footprint in Maine, this time in Thomaston, with the purchase of Hyler Agency. The Hyler Agency, family-owned and located in Thomaston, joined Northeast …
A disbarred Omaha attorney accused of keeping his clients’ insurance settlements has been sentenced to prison. A judge sentenced Tom Gleason on Monday to two to three years behind bars. Gleason pleaded guilty in September to two counts of theft …
The federal Mine Safety and Health Administration has warned 20 companies across the country that they may face sanctions as repeat violators of health and safety rules. The list includes coal operations in West Virginia, Virginia, Kentucky and Tennessee, along …
The Bush Administration has reasserted its opposition to a House bill that would extend the federal terrorism insurance program after it expires on Dec. 31, vowing to veto any final measure that differs measurably from the Senate bill. “The Administration …
Mississippi Attorney General Jim Hood says the bribery charges against the prominent lawyer he used as a “confidential informant” in a Hurricane Katrina investigation won’t affect the state’s lawsuits over storm damages. Richard “Dickie” Scruggs was indicted Nov. 28 on …
With the deaths of seven South Carolina college students in a North Carolina beach house fire still fresh, firefighters’ groups hope state regulators will make sprinkler systems mandatory in large or multi-story homes. “Whether or not sprinklers would have saved …
Kentucky Insurance officials charged a Shelbyville woman with insurance fraud as a result of collecting more than $3,000 in workers’ compensation benefits. Tanya Garitty, 38, told her employer she was unable to work after an accident but allegedly worked as …
A bench warrant has been issued for a Bowling Green, Ky., man who failed to appear for arraignment on fraud charges pursued by the Kentucky Office of Insurance. Jaime Salazar, 31, of 1342 Bluelake Way, was indicted on one felony …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian Re’ s good risk-adjusted capitalization, excellent and consistent operating …
Lloyd’s Director & General Counsel Sean McGovern, called Florida’s decision to explore making changes in the collateral insurance requirements for foreign, or “alien,” reinsurers, such as Lloyd’s, “good news.” Florida has begun consultations with the industry on regulations aimed at …
