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

Teitell Elected President of Texas Surplus Lines Assoc.

Todd Teitell, executive vice president and branch leader of AmWINS Brokerage of Texas in Dallas, has been elected president of the Texas Surplus Lines Association Inc. Other elected TSLA officers for the coming year include: Vice President Robin Stough, Dallas; …

Minnesota’s Superior Insurance Agency Joins ISU Network

ISU International announced that Superior Insurance Agency of St. Cloud, Minn., has joined the ISU Network. ISU Superior Insurance Agency is owned by Yussuf Hamid. The ISU Network, founded in 1979 and headquartered in San Francisco, consists of more than …

Colorado Insurance Commissioner Morrison Steps Down

Colorado Department of Regulatory Agencies Executive Director Barbara Kelley announced the departure of Marcy Morrison as Colorado Insurance Commissioner. As of December 1, John J. Postolowski, a veteran state employee and current deputy commissioner of finance and administration at the …

Arizona County and FEMA Try to Fix Flood Map Errors

Arizona’s Mohave County Flood Control District is working with the Federal Emergency Management Agency to fix errors the county found in flood insurance maps. The district has been working with FEMA since 2004 to update previous maps completed in 1982. …

Best Affirms ‘A’ Ratings of NIPPONKOA Insurance Company

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Japan’s NIPPONKOA Insurance Company Ltd, both with stable outlooks. “The ratings reflect Nipponkoa’s strong capitalization and strengthening of its business profile,” …

Best Assigns ‘A’ Ratings to Aspen American Insurance Company

A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Dallas-based Aspen American Insurance Company (AAIC), a wholly owned subsidiary of its ultimate parent, Aspen Insurance Holdings Limited. The outlook …

AIG Returns to Debt Markets to Raise Capital

Bailed-out insurer American International Group (AIG) returned to the debt market Tuesday after more than a two-year absence, part of its strategy to raise capital as it works on various deals to pay back the government. AIG had said earlier …

New York Eases Some Workers’ Compensation Policy Rules

New York has eased some workers’ compensation insurance requirements for out-of-state businesses that do only occasional, non-construction work in the Empire State. The rule change comes after years of lobbying by agents and their trade groups in the state. The …

Alabama Gets Its Own Insurance Information Service

Many of Alabama’s personal and commercial lines insurers have established the Alabama Insurance Information Service (AIIS), a not-for-profit, non-lobbying trade association to provide news and information to the public. AIIS is based in Montgomery and plans to work primarily through …

Senate Fails in Attempts to Repeal Health Law Provision on 1099 Tax

Efforts to repeal what is widely seen as a burdensome tax provision in the new federal healthcare law failed in the U.S. Senate Monday despite broad support to drop it. A majority of the Democratic-led Senate voted in favor of …