Archive for July, 2010
Court Orders Employer to Repay $104K to Texas Mutual
Texas Mutual Insurance Co. announced that a Travis County district court sentenced Cheryl Bussey of Mansfield, Texas, on workers' compensation fraud-related charges. Bussey was sentenced to 10 …
Illinois Insurance Agency, Agents Face Steep Fines; Licenses Revoked
The Illinois Department of Insurance revoked the insurance producer licenses of a Lake Bluff-based insurance agency and three insurance agents, including two from Antioch and one from Chicago, for …
Westfield Group Names Gray New Group Leader, CEO
Ohio-based Westfield Group has selected James R. Clay as its next group leader and chief executive officer. Clay currently serves as insurance leader and president. He has served the company for …
Texas Public Entities Earn $200K from Work Comp Dividend Plan
The Board of Trustees of Texas Political Subdivisions JSIF has voted to approve $200,000 in workers' compensation insurance dividend payments to member local government entities throughout Texas. …
A.J. Gallagher Buys Remaining Interest in Australia’s Specialised Broking
Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in …
Upcoming Kansas Primary to Decide Next Insurance Commissioner
Experience and support for the new federal health care reform law are the defining issues in a Republican primary for Kansas insurance commissioner that will determine who holds the office for the …
Frost Insurance Adds Bondurant as Commercial Practice Leader
Rick Bondurant has joined Frost Insurance Agency in Austin, Texas, as statewide Commercial Lines Practice leader. In this role, Bondurant is responsible for leading the planning, organizing and …
Aon’s Q2 Results Boosted by Acquisitions, Brokerage Business
Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, …
New Mexico Apoints Franchini Insurance Superintendent
The New Mexico Public Regulation Commission has appointed John G. Franchini Superintendent of Insurance by a 4-1 vote. Franchini, a New Mexico native, boasts nearly four decades of insurance …
Florida Regulators Recover $11 Million for Insurance Policyholders
The Florida Department of Financial Services says it has helped recover more than $11.1 million for Florida's insurance consumers in the first half of 2010.
"Especially in these tough economic …