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Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims
The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans for unpaid insurance policies, annuity contracts and retained asset accounts. The settlement with the American International Group (AIG) represents the …

POSTED NOVEMBER 20, 2017 5:50 PM
Oklahoma Joins International Insurance Information Exchange Agreement
The Oklahoma Insurance Department has joined an international supervisory cooperation and information exchange agreement. According to the International Association of Insurance Supervisors (IAIS), since the first jurisdiction was admitted in June 2009, membership in the IAIS Multilateral Memorandum of Understanding …

POSTED NOVEMBER 20, 2017 5:48 PM
Texas Governor Calls White House Disaster Aid Bill ‘Inadequate’
Republican Texas Gov. Greg Abbott on Nov. 17 criticized as “completely inadequate” the Trump administration’s $44 billion request to Congress for disaster relief in his hurricane-ravaged state and other areas hammered by storms. The White House shot back that Texas …

POSTED NOVEMBER 20, 2017 5:46 PM
Crashes, Fatalities Jumped After Ohio Went to 70 Mph: Highway Patrol
The state highway patrol says crashes and fatalities jumped after Ohio adopted a 70 mph speed limit on many roads and highways. A patrol report released on Nov. 16 found a 24 percent increase in crashes on 70 mph roads, …

POSTED NOVEMBER 20, 2017 5:44 PM
Best Agencies to Work For South Central: BKCW — Gold
The Place to Work for Insurance Veterans and Newbies Alike Employees at BKCW say there’s a lot to like at the Central Texas-based insurance agency, including its hiring practices, its friendly culture, its leadership, its outstanding reputation and its growth-with-balance …

POSTED NOVEMBER 20, 2017 5:33 PM
Best Agencies to Work For Midwest: Gibson — Gold
Where Every Employee Is an Owner As one employee stated: “This is not a great place to work — Gibson is the BEST place to work.” That’s the sentiment expressed by numerous employees at Indiana-based Gibson, which was selected as …

POSTED NOVEMBER 20, 2017 5:23 PM
Best Agencies to Work For Southeast: LassiterWare – Gold
LassiterWare employee praise of the agency they say is the Best to Work for in the Southeast increased so much this year, the company was selected as Insurance Journal’s 2017 Best Agency to Work For Gold Award winner in the …

POSTED NOVEMBER 20, 2017 5:04 PM
California District Settles Suit over Boy Killed While Walking to School in Fog
A California school district has settled a lawsuit from the family of a 9-year-old boy who was killed by a vehicle while walking to school in fog in 2015. The Fresno Bee reported the Parlier Unified School District will pay …

POSTED NOVEMBER 20, 2017 4:24 PM
Best Agencies to Work For: West — LP Insurance Gold
When people use the word “connected,” they’re typically referring to the cool vastness of cyberspace, where they can surf the web, send and receive email or Facebook with one another. Often regarded as the Neanderthal cousin of modern communication, another …

POSTED NOVEMBER 20, 2017 4:18 PM
California Fires Will Add to 2017 Insurer Catastrophe Losses, Fitch Says
No U.S. reinsurance companies in Fitch Rating’s rated universe are expected to be downgraded as a result of losses from the California wildfires alone, but for a number of companies the impact of wildfire losses adds to substantial catastrophe losses …

POSTED NOVEMBER 20, 2017 4:07 PM

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