Newswires

While the U.S. insurance industry is making strides toward Risk Management and Own Risk Solvency Assessment Model Act readiness, a definite gap appears to exist…

Jan. 23– An insurance company will not renew a bond to insure Luzerne County Manager Robert Lawton, Councilman Edd Brominski said Tuesday’s meeting. Brominski also produced a letter from Platte River Insurance Co. expressing concerns about Lawton’s authority to sign checks. The councilman objected he never saw the letter, noting Ken Mohr, a consultant from…

The Property Casualty Insurers Association of America issued the following news release:. Governor Cuomo’s plan to reform workers compensation as outlined in his budget address today is a positive step forward and should help bring down costs, which is vital to New York’s economic recovery, according to the Property Casualty Insurers Association of…

The National Insurance Crime Bureau issued the following news release:. The National Insurance Crime Bureau today released a ForeCASTSM analysis that examines the impact that organized crime groups have on insurance fraud. The top five states that generated the most were: Florida, California, Michigan, Texas and New York.

Life insurance is essential at any age, regardless of marital status. There are costs associated with death, including funeral costs and any outstanding debts. 1. Choose Term Life Insurance.

While being in business for over 5 years, CEO Leon Fregoso wanted to take a new approach to providing insurance needs to his customers.“ The goal is to attract the locals and relate their eco-friendly and healthy lifestyle within the Echo Park Community,” says Mr. Fregoso. Just Auto Insurance has swapped out the average office desk chairs for two exercise bicycles.

Wells Fargo Insurance, part of Wells Fargo& Company, has named Jon Lindstrom managing director for its Colorado offices. Based in Denver, he will report to Howard McClure, regional managing director for Wells Fargo Insurance’s Southwest region. Colorado is a very important market for Wells Fargo Insurance.

Companies have discovered that creating and maintaining accounts on sites like Facebook, YouTube, Twitter, Google Plus and Pinterest gives them an edge and puts their business right where their customers are. “We know that we want an email list, and these days with Facebook, we also want to have a fan of our page. We want a YouTube subscriber.

Based in Minneapolis, Allianz Life is a provider of retirement income and protection solutions, including fixed and variable annuities and life insurance for individuals, and employs more than 1,700 people at its corporate campus. Our culture of innovation and collective drive to be the best make Allianz Life a great place to work and positive part of the…

CoreLogic, a residential property information, analytics and services provider, announced the acquisition of CDS Business Mapping. The acquisition is expected to further enhance CoreLogic’s position as a supplier of geo-spatial property data and analytics to the property& casualty insurance, real estate, telecommunications, public utility, oil and gas…

MedRisk, a managed care company specializing in the physical rehabilitation of injured workers, has announced that Michael Ryan will assume the new role of President. “As the new president, Mike will be optimizing the alignment of our initiatives company-wide and across departments to maximize opportunities for innovation, customer satisfaction and…

Radian Group Inc. announced that on January 9, 2013, its financial guaranty insurance subsidiary, Radian Asset Assurance Inc., completed the commutation of its remaining reinsurance risk from Financial Guaranty Insurance Company. According to a release, as previously reported when the companies entered into the agreement, the outstanding par reinsured…

Great American Insurance Company, a member of Great American Insurance Group and ThinkRisk Underwriting Agency, part of Ryan Specialty Group, have mutually agreed that due to increasing channel conflicts, ThinkRisk will pursue a change in carrier relationships for its Converging Risk program. Great American’s Executive Liability Division has been…

On Jan. 15, it reopened Happiness Christian Day Care and renamed it Kidz Too. However, Lonnie Long, Kidz Too director, says there are a still a few vacancies at the Kidz Inc. facility at 201 N. Church St., where infants are also accepted. Angela Vasquez officially became the new owner Jan. 1 after purchasing the agency from Chase Ventures.

Jan. 22– State officials have charged a Wilson man with swindling $4,300 from his insurance company by filing a false claim. Torrell Tracy Harris, 25, is accused of reporting miscellaneous items stolen from his Wilson home. He reported the supposed theft to police and filed a claim with Assurant Insurance Co., which settled it for $4,344, according to the N.C….

About three years ago, the Adairville council voted to require contractors to carry at least $1 million in liability insurance in order to work for the city. Her motion passed unanimously, but in later discussion council member Bill Steen said he did not believe the contractor had $1 million in liability insurance. Tinch then rescinded her motion, saying that…

SUMMARY: This document contains corrections to the final regulation that was published Friday, December 21, 2012. FOR FURTHER INFORMATION CONTACT: Tim Hoffmann, Director, Product Administration and Standards Division, Risk Management Agency, United States Department of Agriculture, Beacon Facility, Stop 0812, Room 421, P.O. The final regulation that is the…

Jan. 22– GREENSBORO– Mortgage insurance company United Guaranty Corp. has laid off some local employees. On Wednesday, Jan. 17, 2013, we underwent a reduction in force of a small percentage of our employee population in the Piedmont area, “a company spokesman said in a statement to The Business Journal, which reported the layoffs on its website.

Genworth Financial Inc. announced a comprehensive U.S. Mortgage Insurance capital plan. The plan, when implemented, will reduce Genworth Mortgage Insurance Company’s, the company’s main U.S. mortgage insurance subsidiary, risk-to-capital by 12 to 15 points, decrease the likelihood that the U.S. mortgage insurance subsidiaries will require additional…