Monthly Archives: <span>July 2013</span>

Wells Fargo Insurance Names Paulnock Managing Director in Minnesota

Wells Fargo Insurance, part of Wells Fargo & Co., named Jason Paulnock senior vice president and managing director for its Minnesota offices. Paulnock will lead business development, client service and sales, and cross-sell for the company’s insurance operations in Minnesota. …

Oklahoma Agency Working to Reduce Earthquake Risks

The Oklahoma Geological Survey has begun work on plans to reduce the risk of oil-field work involving injection wells that some believe may be causing earthquakes. The Tulsa World reported that a summary report said the risk of oil field-caused …

Iowa Court: Lawyer May Be Sued for Emotional Pain

The Iowa Supreme Court said a couple from Ecuador may sue their attorney for emotional distress because his advice caused them to be separated from their children and grandchildren for a decade. It’s the first time the state’s high court …

Flood Insurance an Issue in Louisiana’s U.S. Senate Race

U.S. Sen. Mary Landrieu and her Senate race challenger, U.S. Rep. Bill Cassidy, are jockeying for credit and prominence on a high-profile problem for many Louisiana residents: the skyrocketing cost of flood insurance premiums. Cassidy, R-Baton Rouge, worked with other …

6 Plead Guilty in Louisiana Auto Accident Insurance Fraud Scheme

Six defendants in a case involving an automobile accident insurance fraud scheme in Louisiana have pleaded guilty, U.S. Attorney Stephanie A. Finley announced. The pleas were heard by U.S. District Judge S. Maurice Hicks, Jr. on July 22, the day …

Buffett Attends Opening of New Indiana Geico Insurance Center

Billionaire investor Warren Buffett joined in a ceremony that marked the opening of a new customer service center for the Geico insurance company in suburban Indianapolis that’s expected to have as many as 1,200 workers within a few years. Buffett’s …

West Virginia Workers’ Compensation Loss Cost Rate Falls for 9th Straight Year

Workers’ compensation loss costs are going down in West Virginia for the ninth consecutive year since the market was privatized. The National Council on Compensation Insurance (NCC), which files rates on behalf of insurers, filed a proposed 8.8 percent overall …

IA&B Survey: Agencies Report Slight Decrease in Commercial Carrier Satisfaction

Insurance Agents & Brokers (IA&B) — a partnership of three agents’ associations serving Pennsylvania, Maryland and Delaware — said its latest survey shows its members’ overall satisfaction with commercial lines carriers has decreased slightly. IA&B reported its 2013 Company Satisfaction …

Federal Jury Convicts Former Texas Insurance Agent in Fraud Case

A former Denton County, Texas, insurance agent has been convicted in an insurance fraud scheme that targeted elderly individuals, U.S. Attorney Sarah R. Saldana of the Northern District of Texas announced. A federal jury in Dallas convicted Vincent Bazemore, 39, …

W.R. Berkley Q2 Profit Up 6%; Rates Up 6.5%; CEO Comments on Berkshire

W.R. Berkley Corp. reported $116 million net income for its 2013 second quarter, up more than 6 percent from $109 million net income posted one year ago. The net income for the first six months of 2013 came in at …