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

It Figures

$10.2 Million The Kansas Insurance Department recovered $10.2 million for consumers last year, which is 32 percent less than it recovered in 2009. But the agency said the number of complaints from consumers about insurance companies also declined. The department …

How to Get a Jump on the New Year

5 Ways Independent Agents Can Begin the Year Poised for Growth Did the distractions of the holiday season take focus off of identifying ways to grow your business in the new year? If so, here are five strategies to help …

Ohio Lt. Governor to Direct Insurance Department

Newly sworn-in Ohio Gov. John Kasich appointed Lt. Gov. Mary Taylor to be director of the Ohio Department of Insurance. Taylor is the former state auditor. She served for four years as the state’s top fiscal watchdog guarding against fraudulent …

Ohio Uninsured Motorist Litigation Tied to Money for Charities

An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving uninsured motorist/underinsured motorist (UM/UIM) coverage in a case that played prominently in a campaign to change the way jury awards in class actions are distributed. The …

Sidelining Agents

In their zeal to control health care costs, federal and state policymakers may be pushing health insurance agents and brokers to the sidelines and potentially out of business. If this happens, they will be shortchanging the consumers who rely on …

People

Minnesota Gov. Mark Dayton appointed Mike Rothman as the new Commissioner of Commerce. The Department of Commerce and Revenue regulates the business of insurance in the state. Rothman was most recently an attorney with the firm of Winthrop & Weinstine …

Personal Internet use Becoming Part of Employee Record

Those photos on Facebook showing you palling around with drunks, the raunchy joke you posted on Twitter, and those links to politically incorrect groups on your personal Web site — all of this information can now become part of your …

Signature Insurance Group Opens Woodland Hills Office

Laguna Niguel, Calif.-based Signature Insurance Group, which includes Brakke-Schafnitz Insurance Brokers Inc. (BSIB), Brakke-Schafnitz West (BSW), Saddleback Valley Insurance Centers (SVIC) and Infinity Assurance Group (IAG)), announced that on Feb. 1, 2011, it will be opening new offices in the …

Capstone Forms 100th Captive Insurance Company

Houston-based Capstone Associated Services Ltd. announced it has formed its 100th captive insurance company. Capstone formed its first captive in 1998 and has since formed captives for a wide variety of middle market businesses with headquarters throughout the United States. …

Connecticut Collected $6M in Recovered Claims and Fines Last Year

Connecticut regulators say they recovered approximately $3.4 million last year for consumers who complained that their insurers mishandled their claims — and then handed out another $2.35 million in fines against insurers. The Connecticut Insurance Department’s consumer affairs unit fielded …