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30
09, 2015
Tennessee Takes Disciplinary Actions Against 4 Agents
The Tennessee Department of Commerce and Insurance (TDCI) took disciplinary actions against four agents in the state that have resulted in licensure revocations, probation, and monetary civil penalties totaling $15,000. “The Department is dedicated to the protection of Tennessee insurance …
29
09, 2015
Warren Buffett Reduces Shareholding in Munich Re
Berkshire Hathaway Inc. and National Indemnity Company stated their shareholdings in Munich Re have fallen below the threshold of 10 percent of voting rights — now at 9.7 percent. In an announcement, Munich Re said information about the change in …
29
09, 2015
Volkswagen to Recall 11 Million Vehicles for Diesel Fix
Volkswagen announced plans on Tuesday to refit up to 11 million vehicles and overhaul its namesake brand to try to move on from the scandal over its cheating on diesel emissions tests. New Chief Executive Matthias Mueller said the German …
29
09, 2015
Moradi Joins Hub in Chicago as Technology Leader
Chicago-based Hub International Limited (HUB), a global insurance brokerage, has added Carla Moradi as executive vice president of Operations and Technology. Moradi will lead the implementation of strategic enterprise-wide customer technologies and operations, supporting all HUB regional locations throughout the …
29
09, 2015
Arkansas Mutual Insurance Co. Rated ‘A’ by A.M. Best
A.M. Best has assigned a financial strength rating of “A” (Excellent) and an issuer credit rating of “a” to Arkansas Mutual Insurance Company (AMIC) in Little Rock, Ark. The outlook assigned to both ratings is stable. The ratings are reflective …
29
09, 2015
Lockton Appoints Hammond, Spencer, Nimmo to Leadership Positions
Privately-held insurance broker Lockton announced expanded leadership roles for Mike Hammond, Glenn Spencer and Neil Nimmo. Spencer has been named chief operating officer of Lockton Inc. and president of Lockton Companies in the US. Spencer had previously been U.S. chief …
29
09, 2015
Study Alleges SEC Inflates Enforcement Statistics
The U.S. Securities and Exchange Commission’s metrics for computing annual enforcement statistics are “deeply flawed,” making the agency falsely appear as though it is getting tougher every year, a new academic study concluded. The draft study by Emory University law …
29
09, 2015
Burns & Wilcox Brokerage Opens Office in North Carolina
Burns & Wilcox Brokerage has opened a new full service brokerage office in Charlotte, North Carolina. This latest location is the third the company has opened in just nine months. According to Denis Brady, president of Burns & Wilcox Brokerage, …
29
09, 2015
Burns & Wilcox Brokerage Opens Office in North Carolina
Burns & Wilcox Brokerage has opened a new full service brokerage office in Charlotte, North Carolina. This latest location is the third the company has opened in just nine months. According to Denis Brady, president of Burns & Wilcox Brokerage, …
29
09, 2015
Trial Set to Start for Former Energy CEO in Deadly West Virginia Mine Blast
Former Massey Energy CEO Don Blankenship hits the courtroom for a criminal trial Thursday, facing charges that he conspired to break safety laws and lied to financial regulators about safety practices at the site of the deadliest U.S. mine explosion …