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Arkansas Suspends License of 2 New York-based Insurers
Arkansas Insurance Commissioner Jay Bradford on March 11 suspended the certificates of authority to conduct insurance business of two New York domiciled property and casualty insurance companies: ...

Who's Worth What in the Independent Agency System? Join IJ's Survey
Once again, Insurance Journal is polling insurance agents and brokers nationwide in its annual search to find out who's worth what in the independent agency system. The 2010 Agency Salary Survey ...

Oregon Insurance Division Subject to Mandatory Office Closures
The current recession has reduced Oregon revenues, and has forced the Legislature to make deep cuts in agency budgets, the state Department of Consumer and Business Services announced. State ...

3 Face Federal Charges in Chicago Workers' Comp Fraud Case
Federal law enforcement officials in Chicago report that a chiropractor, a medical doctor and a billing employee at a clinic in Maywood, Ill., have been indicted on federal charges related to ...

Survey: Michigan Firms Plan to Hike Wages Over Next 6 Months
While a growing number of Michigan's small- to mid-size businesses are not satisfied with the economy, a recent survey indicates that more businesses plan to increase wages over the next six ...

American Freedom Insurance Co. Ratings Upgraded
A.M. Best Co. upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to "a-" from "bbb+" of American Freedom Insurance Company of Arlington Heights, Ill. ...

As Weather Warms, Property Owners Urged to Buy Flood Insurance
Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information ...

Calif. Makes Appointments to Workers' Comp Insurance Rating Bureau
Calif. Insurance Commissioner Steve Poizner announced that he has reappointed Lee Pearson of Rancho Murieta, and Bruce Wick of San Bernardino, to the Workers' Compensation Insurance Rating Bureau ...

Impasse over Unemployment Tax on Businesses Continues in Indiana
The full Indiana House returned to the Statehouse on March 10 after a five-day break, but partisan differences remained over an unemployment insurance tax bill as a March 14 deadline for ...

Young Adults, Men, High-Earners Top Users of Social Media for Insurance
A new survey suggests insurers looking into the use of social media for promotion and customer interaction would be smart to target young adults, men and high-income earners. These groups are the ...

Calif. Workers' Comp Insurer Records $143 Million Net Income for 2009
The California State Compensation Insurance Fund, reported it ended 2009 with $1.25 billion in net premium earned, and $143 million in net income, compared with $75 million in net income earned in ...

Dumm Named Chairman of National Alliance Board
Professor Randy Dumm, Ph.D., of Florida State University, in Tallahassee, Fla., has been named the new chairman of the board for Austin, Texas-based The National Alliance for Insurance Education ...

Measure to Privatize Oklahoma's Compsource Dead for the Year
The author of legislation authorizing the sale of Oklahoma's workers' compensation insurance agency said he does not have enough votes to pass it in the state House and that the bill appears dead ...

USI Holdings Acquires Business from Seattle Broker RA Bench
USI Holdings Corp. has reported the closing of the acquisition of the insurance and financial services business of RA Bench, a Seattle, Washington, based wealth management, executive and group ...

Marsh Names Sammeroff to lead UK Real Estate Development Team
Marsh has appointed Candice Sammeroff to lead the firm's business development in the commercial property and real estate sector in the UK. She has 10 years' experience in the legal sector, and ...