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12 07, 2021

Texas Outlines Changes to Insurance Agent Licensing Requirements

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A bulletin released by the Texas Department of Insurance summarizes the changes to the requirements for agent licensing contained in HB 4030, passed this year by the 87th Texas Legislature. TDI outlined the revisions as follows: Increases ethics continuing education …

12 07, 2021

South Carolina Agency Clears Fired Charleston Police Lieutenant of Misconduct

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A South Carolina agency cleared a former Charleston police lieutenant who was fired for alleged misconduct in a case involving a fellow officer accused of striking a handcuffed man. The South Carolina Law Enforcement Training Council determined that Charleston police …

12 07, 2021

Arkansas’ New Insurance Business Transfer Law in Effect July 28

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The Arkansas Insurance Department (AID) was an active participant in encouraging state lawmakers to pass legislation this year to adopt the new insurance business transfer model called the Insurance Business Transfer (IBT) Act. The IBT Act will become effective on …

12 07, 2021

Liberty Mutual to Acquire State Auto Group

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Insurer Liberty Mutual reported that it will acquire State Auto Group, a super-regional insurance holding company headquartered in Columbus, Ohio. Under the terms of the agreement, State Auto mutual members will become mutual members of Liberty Mutual. Also, Liberty Mutual …

12 07, 2021

Florida Officials Consider Adopting New Condo Inspection Policies

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Across Florida, people living in the thousands of condominiums rising above the state’s 1,350 miles of coastline wonder if the building collapse in Surfside could happen to their home as state and local officials discuss what they can do to …

12 07, 2021

Suspended Georgia Insurance Commissioner To Go On Trial In Theft Case

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Georgia Insurance Commissioner Jim Beck will go trial this week on charges that he swindled his former employer out of $2 million to pay personal bills and pump money into his 2018 campaign. The Atlanta Journal-Constitution reports that jury selection …

12 07, 2021

South Carolina Shifts Insurance Fraud Investigations to Insurance Department

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South Carolina is transferring its insurance fraud investigations from the attorney general to the insurance regulator. Ray Farmer, director of the South Carolina Department of Insurance (SCDOI), said he has entered into an agreement with Attorney General Alan Wilson and …

12 07, 2021

Crest Insurance Group Acquires SpringbergMcAndrew in Arizona

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Crest Insurance Group has acquired SpringbergMcAndrew Insurance in Lake Havasu City, Ariz. Principal Mike McAndrew joined the firm in 1989. McAndrew and longtime co-owner Brian Springberg have since grown the company to one of the largest firms in Mohave County. …

9 07, 2021

EU Approves Aon-Willis Towers Watson Merger, but Major Roadblocks Remain

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The European Commission has approved the acquisition of Willis Towers Watson by Aon, lifting a major roadblock to the proposed $30 billion merger. The approval is conditional on full compliance with a set of commitments offered by Aon, including the …

9 07, 2021

Massachusetts Man Sentenced to Prison for Workers’ Compensation Fraud Scheme

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A Massachusetts man has been sentenced to prison for a fraud scheme to evade payroll taxes and workers’ compensation requirements in the construction industry. U.S. District Judge Marcia Morales Howard has sentenced Dennis Alexander Barahona of Chelsea, Massachusetts, to 18 …