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 Clay 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 ......

Powers Named CEO of W.R. Berkley's Carolina Casualty
W. R. Berkley Corp. has appointed Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Co., succeeding William E. Haines. The appointment is effective ......

OneBeacon Q2 Reflects Sale of Personal Lines, Northeast Storms
OneBeacon Insurance Group reported second quarter net income of $9 million, operating income of $18 million, a drop in written premiums reflecting the sale of its personal lines business and a ......

Thai Doctors Protest Proposed Malpractice Liability Law
Across Thailand many doctors traded their white coats for black on Thursday to protest a draft law that would give victims of medical malpractice legal rights to win compensation. The law would be ......

Sen. Nelson Questions BP Tax Break for Oil Disaster Cleanup Costs
A U.S. senator from Florida called for a congressional inquiry into BP Plc's plan to use losses from the Gulf of Mexico oil spill to reap $10 billion in tax benefits. Senator Bill Nelson said ......

New International Accounting Standard Aims to Clarify Insurers' Profits
A global accounting standard setter proposed a new rule for measuring insurers' profitability on Friday, aiming to shine a light on a sector criticised by investors for being a "black box" that ......