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19 11, 2015

Texas Surplus Lines Group Honors Members with Awards, Scholarships

By | November 19th, 2015|Recent Articles|Comments Off on Texas Surplus Lines Group Honors Members with Awards, Scholarships

The Texas Surplus Lines Association has presented its “Joe Howse President’s Award” to both Susan Gropp, Arcana Insurance Services, chairperson, 2014 & 2015 Conference Committee and PAC Committee, and Amicia Hine, McClelland & Hine Inc., chairperson, Legislative Committee for their …

18 11, 2015

Flood Warnings in Effect for Rising South Carolina Coastal Rivers

By | November 18th, 2015|Recent Articles|Comments Off on Flood Warnings in Effect for Rising South Carolina Coastal Rivers

Forecasters are warning of rising river levels near the South Carolina coast. The National Weather Service said a flood warning is still in effect for the Santee River near Jamestown in Berkeley County. At 6 p.m. Sunday the river was …

19 11, 2015

Norfolk & Dedham Hires Thompson as Finance & Investment Director in Mass.

By | November 19th, 2015|Recent Articles|Comments Off on Norfolk & Dedham Hires Thompson as Finance & Investment Director in Mass.

The Norfolk & Dedham Group, a regional property/casualty insurer based in Dedham, Massachusetts, hired Michael Thompson as director, Finance and Investment. Thompson is responsible for providing overall strategic direction for the finance operation of the company, and will play a …

19 11, 2015

Texas Agent CE Requirements Changed with Passage of SB876

By | November 19th, 2015|Recent Articles|Comments Off on Texas Agent CE Requirements Changed with Passage of SB876

Senate Bill 876, passed during the 2015 Texas legislative session, reduced the required credit hours for continuing education (CE) for agent and adjuster license renewals to 24 hours for each two-year renewal period and removed the requirement that half of the …

18 11, 2015

A.M. Best Downgrades Georgia-Based Century Casualty Co.

By | November 18th, 2015|Recent Articles|Comments Off on A.M. Best Downgrades Georgia-Based Century Casualty Co.

A.M. Best has downgraded the financial strength rating (FSR) to B (Fair) from B+ (Good) and the issuer credit rating (ICR) to “bb+” from “bbb-” of Century Casualty Co. based in Alpharetta, Ga. The outlook for the FSR has been …

19 11, 2015

R.I. Insurance Superintendent Torti to Leave Post, Join Fairfax Financial

By | November 19th, 2015|Recent Articles|Comments Off on R.I. Insurance Superintendent Torti to Leave Post, Join Fairfax Financial

Rhode Island Superintendent of Banking and Insurance Joseph Torti III will leave his post at the end of the year and join Fairfax Financial as vice president of Regulatory Affairs. Torti was appointed associate director and superintendent of Insurance for …

17 11, 2015

Wanted by U.S.: Monitor for Takata Air Bag Recall

By | November 17th, 2015|Recent Articles|Comments Off on Wanted by U.S.: Monitor for Takata Air Bag Recall

U.S. auto safety regulators this week invited outside companies and individuals to apply for the job of independent monitor for the massive recall of Takata Corp air bag inflators. In a Web posting, the National Highway Traffic Safety Administration set …

19 11, 2015

Maryland Issues Bulletin on Commercial Policy Cancellation Notices

By | November 19th, 2015|Recent Articles|Comments Off on Maryland Issues Bulletin on Commercial Policy Cancellation Notices

Property/casualty insurers writing commercial policies in Maryland are no longer required to file for approval the cancellation or nonrewal notices they send out to insureds, according to a bulletin from the Maryland Insurance Administration. “With certain exceptions, Maryland law requires …

17 11, 2015

Wisconsin Assembly Set to Pass Self-Insurance Oversight Bill

By | November 17th, 2015|Recent Articles|Comments Off on Wisconsin Assembly Set to Pass Self-Insurance Oversight Bill

The Legislature’s budget-writing committee would have to approve any contract moving Wisconsin public workers into a self-insurance model under a bill up for approval in the state Assembly. The measure being debated on Nov. 16 comes as Gov. Scott Walker’s …

18 11, 2015

UT Dallas Recruits Industry Execs for Risk, Insurance Advisory Group

By | November 18th, 2015|Recent Articles|Comments Off on UT Dallas Recruits Industry Execs for Risk, Insurance Advisory Group

Debra Richardson, director of a new University of Texas at Dallas concentration in risk management and insurance (RMI), plans to have students in that area equipped to fill some of 400,000 industry vacancies anticipated by 2020. And to ensure that …