Monthly Archives: <span>January 2011</span>

Paramount Capital Insurance Group Joins ISU Network

Paramount Capital Insurance Group of Reynoldsburg, Ohio, has joined the ISU Network. ISU PCIG was founded by Eric Schwab. Schwab is a third generation insurance agent following in the footsteps of his grandfather, uncle and father who each owned agencies. …

Kentucky’s Neace Lukens Acquires Ohio’s Lent Agency

Neace Lukens, a Louisville, Kentucky based brokerage firm, recently acquired the Lent Agency, a Dayton, Ohio insurance agency. The merger will add 12 Lent Agency employees, including four producers, to the Neace Lukens staff. These employees will join seven Neace …

North Dakota Residents Urged to Prepare for Red River Floods

Fargo officials told residents this week that they need to start preparing soon for what’s expected to be a third straight year of major spring flooding along the Red River. ‘I don’t think anybody is ready for this. Not three …

Iowa Employment Agency Charged with Workers’ Compensation Premium Fraud

The owner of a Des Moines employment agency has been indicted on federal fraud charges, accused of scheming to defraud insurance companies out of workers’ compensation premiums. Dan Sethi, of Ankeny, owns DES Staffing Services in Des Moines. An indictment …

Severed Finger Points Way to Suspected Arsonist in Florida

A piece of a severed finger inside a glove led police near Titusvillle, Fla. to a suspected arsonist. Investigators found the finger near the door of a burning home along North Dixie Highway latst Friday night. They checked local hospitals …

Hiscox USA Expands Direct, Online Coverage for Small Businesses to NY, Fla.

Hiscox USA has expanded its small business insurance offering direct and online to professional services businesses with 10 employees or less in New York and Florida. The metro areas in southern New York and southern Florida were ranked first and …

Maryland Gov. Pushes $100M Tax Credit Program for Insurers

Gov. Martin O’Malley is pushing for a $100 million initiative to promote high-tech industry in Maryland. O’Malley made the “Invest Maryland” program a part of his legislative agenda on Monday. The program would offer tax credits to insurance companies at …

Ratings Recap: Tunis Re, National Grid, Endurance (repurchase), Caribbean Alliance, La Colonial, RoyalStar

A.M. Best Europe – Rating Services Limited has placed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Société Tunisienne de Reassurance (Tunis Re) under review with negative implications. Best said the rating action “reflects …

New Jersey Man Gets 4 Years for $20M Insurance Scam

A former partner in a New Jersey-based insurance firm is going to prison for four years for his role in a $20 million loan scheme. Gavin Gatta’s company, Smith Gatta Gelok, assisted businesses in buying commercial insurance. Gatta admitted that …

If you show me your opinion, I’ll show you mine

Come along for the ride as we take a look at how different generations value (or don’t value) other’s opinions on social media and what this means to the insurance industry. How would you respond to the following: When using …