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11, 2015
Texas Insurance Trade Group Awards Scholarships to 17 Students
Seventeen students at three Texas universities were recently awarded a total of $34,000 in academic scholarships from the Insurance Council of Texas (ICT) Education Foundation. The students attend St. Mary’s University in San Antonio, Baylor University in Waco and the University …
19
11, 2015
Penn. Judges Recommend $50M Fine Against Rideshare Firm Uber
Judges for the Pennsylvania agency that regulates buses and taxis recommended on Tuesday a record $50 million fine against ride-sharing company Uber for operating in the state without approval. Two administrative law judges issued the decision, subject to approval by …
18
11, 2015
Islamic State’s Business Model Must Be Disrupted: Bloomberg Editorial
What it means for a European nation and member of NATO to declare war against a stateless band of terrorists is an interesting and important question, made urgent by Islamic State’s brutal attack on Paris last Friday. As Europe and …
19
11, 2015
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
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 …
18
11, 2015
Gov. Haley Establishes South Carolina Flood Relief Fund
South Carolina Gov. Nikki Haley called on people across the nation Monday to contribute to the One SC relief fund to rebuild homes following last month’s historic flooding, saying it can do what the government can’t. “While the debris has …
19
11, 2015
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
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.
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
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 …