Yearly Archives: <span>2014</span>

Safety Is Paramount for Texas Mutual CEO Gergasko

Richard Gergasko, CEO of workers’ compensation insurer, Texas Mutual Insurance Co., describes himself as an insurance geek. Trained as an actuary, he’s been involved in the insurance business for 30 years. With Texas Mutual since February 2013, Gergasko previously worked …

Georgia’s Consumer Insurance Settlements Reach $2.1M in First Quarter

Georgia Insurance Commissioner Ralph Hudgens said his department’s consumer services division helped Georgians receive more than $2 million in claims settlement disputes with insurance companies. Commissioner Hudgens said his department’s consumer services specialists have answered 4,046 complaints and helped consumers …

Missouri Regulators Offer More Online Services to Insurance Producers

The Missouri Department of Insurance announced that producers can now print their licenses and educational transcripts on demand through the National Association of Insurance Commissioners’ (NAIC) online State Based Systems (SBS). Producers also can update their email addresses and find …

Beecher Carlson Names Braun Property Practice Leader on West Coast

Beecher Carlson Insurance Services LLC named Reiner Braun as senior managing director in its national property practice, a post in which he will have oversight of the Western U.S. Braun will work out of the Woodland Hills, Calif. office. He …

Georgia Agency Owners Charged With Insurance Fraud

Georgia Insurance Commissioner Ralph Hudgens announced Tuesday that warrants have been issued for the arrest of a Gwinnett County insurance agent and her husband on multiple counts of insurance fraud. Officials said insurance agent Cynthia Dunn is facing charges of …

Mississippi County’s Fire Insurance Rates Could Fall 45%

Home and business owners served by the Beaver Lake and Rock Hill volunteer fire departments in Lamar County, Mississippi, could see their fire insurance premium payments fall as much as 35 percent to 45 percent. The Hattiesburg American reports Beaver …

U.S. Insurance Regulators May Refuse to Apply Global Capital Rules: NAIC President-Elect Lindeen

The United States may refuse to apply new global capital rules in the world’s biggest insurance market because of the “breakneck speed” they are being pushed through, American regulators said on Monday. The National Association of Insurance Commissioners (NAIC), made …

Average Lightning Claim Hits $5,869

Georgia tops a shocking list: most likely place to have property damaged by lightning. Georgia residents were reimbursed for $56 million of lightning-related damage in homes last year tied to more than 11,000 claims, according to a top-10 list from …

U.S. Ambassador Presses China Over Cyber Theft, Investment Treaty

Cyber theft of trade secrets by China is a threat to U.S. national security, U.S. Ambassador to China Max Baucus said on Wednesday in the first major public address of his tenure, warning that Washington would continue to pressure Beijing. …

Hong Kong Could Hold Employers Liable for Harassment by Passengers

A Hong Kong legislator backing a bill to help protect flight attendants from sexual harassment by passengers will seek to add language making employers liable for enforcing it. “Without that liability, the law will be very much passive,” Lee Cheuk-yan, …