The Texas Windstorm Insurance Association (TWIA) announced it has purchased $636 million in reinsurance protection. The policy will cover losses that exceed the $1.6 billion in funds estimated to be available from the Association’s Catastrophe Reserve Trust Fund and bonds. …
State senators in Louisiana have subpoenaed Gov. Jindal’s administration, seeking a report about the governor’s efforts to hire a private company to run a state worker health insurance program. The Senate and Governmental Affairs Committee approved the issuance of the …
Ohio Lieutenant Governor and Department of Insurance Director Mary Taylor revoked the resident insurance agent license of Jeffrey Hum, of Toledo, Ohio, for violations of Ohio insurance law. A department review revealed that the Illinois Secretary of State issued an …
Ohio farmer Jeff Hoak was excited and anxious at the same time. His wedding was coming up, and many of his corn fields had yet to be planted. The grain gods smiled on him. The weather broke and he finished …
A day after two unarmed Louisiana insurance fraud investigators were gunned down while looking into a case, the state insurance commissioner said that his department may have their agents carry weapons. Kim Sledge and Rhett Jeansonne had been on what …
St. Paul Fire & Marine Insurance has filed a lawsuit against the Denver Broncos and nine of its former players, saying its policies only covered claims in New Mexico for a “class of employee that did not include football players.” …
MarketScout, a Dallas-based electronic insurance exchange with managing general agent (MGA) and wholesale operations, appointed Jay Chase as executive vice president in addition to his current role as chief underwriting officer at MarketScout. Chase’s career spans more than 25 years …
Oklahoma Insurance Commissioner John Doak has requested that the state’s attorney general determine whether a 2010 bill increasing the costs of driving records was properly enacted by the Legislature. The bill increased the cost of obtaining a motor vehicle report …
John M. Huff, director of the Missouri Department of Insurance, Financial Institutions and Professional Registration, was elected June 6 as vice president of the Midwest Zone of the National Association of Insurance Commissioners. In this position, Huff will serve on …
Internet video phone company Skype Inc. was sued in U.S. federal court Thursday for infringing the patents of a Luxembourg company, which has filed similar lawsuits against Skype in Europe. The lawsuit in the District of Delaware comes a month …
