TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …
The Insurance Council of Texas (ICT) elected Craig Sparks chairman of its board of directors. Sparks has been president of the Union Standard Insurance Company in Irving since 2000. Sparks’ insurance career began the day he graduated from the University …
The board of directors of the American Academy of Actuaries has elected Mary Frances Miller as the organization’s president-elect. Miller will succeed Ken Hohman as president for the 2010-2011 term. Miller is a consulting actuary with Select Actuarial Services in …
Company Ransom “We have been duped into thinking that these AIG employees have some kind of secret code that no other employee could discover if they were hired to replace them and therefore they are able to basically hold the …
$19 Million The amount being funneled to the Mississippi wind pool from the Mississippi Insurance Department this month. Insurance Commissioner Mike Chaney said the funds should help stabilize premium rates for wind pool policyholders. $23,000 The fine levied by South …
A state audit of a Kentucky municipal association – the second in as many months – has found problems with compensation, spending, conflicts of interest and procurement matters including in the operation of the organization’s insurance services. State Auditor Crit …
Before Mississippi lawmakers passed tort reform that limited damages in civil litigation, Ronnie Lee Lymas’ lawsuit against the store where he was shot wouldn’t have gotten much attention. That’s anything but true now: The case is being characterized as a …
Mississippi Insurance Commissioner Mike Chaney said he’s taking steps to discourage companies from seeking higher rates for the Gulf Coast or other specific areas of Mississippi. Chaney said he will require that insurance companies initially file requests for rate increases …
The Florida Office of Insurance Regulation says that the state’s workers’ compensation insurance market is competitive. In a new report based on data from 2008, the OIR found the Florida market features 251 entities writing workers’ compensation – 246 private …
In October, 2008, my colleague and friend, Christopher J. Boggs, associate editor of MyNewMarkets.com and frequent contributor to Insurance Journal, wrote: “The beginning of mandated insurance continuing education was the end of the true insurance professional. To be considered a …
