On Tuesday, Arkansas Insurance Commissioner Allen Kerr announced that the Arkansas Insurance Department has approved two insurance companies to do business in the state.
“I am proud to grant authority to two new companies to do business in the State of Arkansas, which brings to 25 the amount of new insurance companies I have certified since taking office,” said Kerr in a statement. “Our state is open for business and the Arkansas Insurance Department is committed to continue seeking out more companies to offer products to Arkansans.”
Radian Mortgage Guaranty, Inc. (RMGI) was given authority to provide credit products. The Philadelphia-based RMGI is a wholly-owned subsidiary of the Radian Group, Inc. The company will offer private mortgage insurance and risk management services to mortgage lending institutions.
The other company was Medical Liability Alliance (MLA), which was granted authority to offer casualty insurance. MLA is based in Jefferson City, Missouri, and markets medical professional liability and general liability to healthcare providers and facilities. The company is a wholly-owned subsidiary of Missouri Hospital Plan.
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