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R&R Insurance Services is one of the largest independently owned insurance agencies in the Midwestern United States and represent national and regional insurance carriers. The company was founded in 1976 and is based in Waukesha, Wisconsin. It is owned by Ken Riesch, who is also president of the company. [1]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
In early 2009, the State Farm Florida subsidiary, the state's largest insurer, offered to withdraw from writing property insurance business in Florida after state regulators refused to approve a 47% property rate increase. State Farm said that, in Florida, it had paid out US$1.21 in claims for every dollar in premiums since 2000.
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Since Governor Doyle opposed the Senate's mandate plan, he chose instead to expand BadgerCare, claiming that 98% of Wisconsinites would have some form of health insurance under his expansion. [4] Doyle called the revised program BadgerCare+ and included it in his 2007-2009 biennial budget.
It is the most popular Wisconsin-based Medicare supplement plan in the state, with more than 42,000 members, based on enrollment data submitted to the National Association of Insurance Commissioners, 2015. In 1966, the year Medicare was established, WPS was named the Medicare administrator for the state of Wisconsin.
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The insurance business was first authorized and regulated in Wisconsin in 1870 (1870 Wisc. Act 56). The original law vested insurance regulation as a power of the Secretary of State of Wisconsin. These powers were transferred to a separate commissioner of insurance by an act of the Wisconsin Legislature in 1878 (1878 Wisc. Act 214).
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