An Idaho judge has ordered an insurance agent from Rathdrum to spend 20 days in jail and pay more than $4,200 in restitution for insurance fraud. Former Mutual of Omaha agent Wesley Bruce Thompson pleaded guilty to the crime in …
The California Council of the National Association of Insurance Women has elected officers for its 2011-2012 terms, which begins on July 1, 2011. New officers are: CA Council Director Mitula Patel of Momentous Insurance Brokerage of Van Nuys; Public Relations …
Consumers have been highly satisfied with their auto insurance companies over the past year, and they view Allstate, State Farm and Geico as the most reputable auto insurance providers, according to a new survey. The survey conducted in August by …
Insurers in California will now be required to disclose cancellation penalties —prior to or concurrent with an application for insurance — thanks to legislation recently signed by Gov. Arnold Schwarzenegger. Previously, the law stated that an insured was entitled to …
UK-based RSA Insurance Group plc has announced the acquisition of GCAN Insurance Company, a Canadian mid-market, large risks & specialty commercial insurer, which “offers a range of products including Property, Liability and Motor [auto] with a balanced portfolio by line …
Surplus line insurers should not be subject to California Constitution Section 28 taxes to the state, according to a California Court of Appeal decision that notes that these nonadmitted insurers already pay surplus line premium taxes. The conflict arose when …
Greensburg, Ind.-based MainSource Financial Group announced it sold the property and casualty and health insurance book of businesses related to its insurance subsidiary, MainSource Insurance (MSI), to Encore Insurance Group LLC, effective Oct. 1, 2010. As a result of the …
American International Group Inc received a $1 billion commitment from Kuwait Investment Authority for the IPO of its Asian unit, the first major investment inked before the mega offering’s roughly $15 billion launch. KIA, the country’s sovereign wealth fund, is …
Who says insurance agents aren’t cool? A Texas-based independent insurance agency has proven they know what’s up with a new iPhone application that gives their customers access to important account information when they need it. Recognizing that losses don’t always …
Bermuda-based Allied World Assurance Company Holdings, Ltd announced that its Board of Directors has unanimously approved a plan for the group holding company to redomesticate its place of incorporation from Bermuda to Switzerland. The bulletin said that “holders of Allied …
