IFAwebnews » TX

Mercury Insurance seeks agents, unveils new commercial auto product

IFAwebnews Staff — Thu, 09 Feb 2012 10:00:37 +0000

Mercury Insurance, a multi-line insurance organization operating in 13 states, is offering a new commercial auto insurance product it says uses technology to enable its independent agents to more easily rate, qualify and issue new business.

Mercury Insurance seeks agents, unveils new commercial auto product via IFAwebnews.

Bravo Health’s sale to Cigna gets Maryland regulator’s approval

Bob Graham — Tue, 31 Jan 2012 18:13:22 +0000

The Maryland Insurance Administration has approved the Cigna's acquisition of Bravo Health, a Baltimore, Md.-based operator of Medicare Advantage plans.

Bravo Health’s sale to Cigna gets Maryland regulator’s approval via IFAwebnews.

HHS tells Texas it can’t phase in health reform’s medical loss ratio

Bob Graham — Mon, 30 Jan 2012 14:18:55 +0000

The Obama Administration rejected Texas' request that it be allowed to phase in federal health reform's medical loss ratio to prevent the state's health insurance market from destabilizing.

HHS tells Texas it can’t phase in health reform’s medical loss ratio via IFAwebnews.

HCC says Pioneer General now part of American Contractors Indemnity

Bob Graham — Fri, 13 Jan 2012 23:30:59 +0000

Houston's HCC Insurance Holdings said Pioneer General Insurance Co. will merge into American Contractors Indemnity Co., both of which are wholly owned subsidiaries of HCC.

HCC says Pioneer General now part of American Contractors Indemnity via IFAwebnews.

Decision on delaying Texas’ MLR requirement expected soon

IFAwebnews Staff — Tue, 10 Jan 2012 11:35:13 +0000

Texas insurance regulators expect a decision soon from the Obama Administration on whether they can delay forcing insurers to pay rebates to health plan members if the companies exceed new medical loss ratio requirements.

Decision on delaying Texas’ MLR requirement expected soon via IFAwebnews.

SEC says Texas firm defrauded investors in life settlement transactions

Bob Graham — Fri, 06 Jan 2012 17:00:23 +0000

Federal securities regulators say a Texas-based life-settlement firm and three of its senior executives “systematically and materially underestimated the life expectancy estimates,” which in turn caused its shareholders to be “duped.”

SEC says Texas firm defrauded investors in life settlement transactions via IFAwebnews.

Insurers’ lost $32B from natural disasters in first nine months of ’11

Bob Graham — Tue, 03 Jan 2012 16:11:25 +0000

Natural disasters cost insurance companies more than $32 billion in direct insured losses in the first nine months of 2011, nearly double the average of other years, according to the Insurance Information Institute.

Insurers’ lost $32B from natural disasters in first nine months of ’11 via IFAwebnews.

Man allegedly bilked Geico with false classic Harley theft report

Bob Graham — Wed, 07 Dec 2011 19:16:49 +0000

A Willis, Texas, man's allegedly defrauding of an insurance company, to whom he claimed that his classic Harley-Davidson motorcycle had been stolen, appears to have been discovered by his former girlfriend.

Man allegedly bilked Geico with false classic Harley theft report via IFAwebnews.

Maryland insurer fighting $1.1 million award in celery death suit

Jaime L. Brockway — Thu, 17 Nov 2011 11:31:25 +0000

A defunct produce processing company's insurer is arguing that it is not responsible for a $1.1 million default judgement awarded to the family of man who died after eating the company's celery.

Maryland insurer fighting $1.1 million award in celery death suit via IFAwebnews.

BenefitMall adds payroll services to its roster

IFAwebnews Staff — Wed, 02 Nov 2011 09:46:52 +0000

BenefitMall, a national broker services company based in Dallas, added a new service, company payroll services, to its roster of offerings.

BenefitMall adds payroll services to its roster via IFAwebnews.