Three construction company owners from Arizona and a California attorney have been accused of insurance fraud and employment tax evasion by California insurance officials. Jay Neal Wright, 48, his son, Jay Neal Wright II, 27, of Phoenix; Don Jay Wright, …
Archie Meyers, Jr., chairman and CEO of Crawford & Co., announced today that some time ago he informed the board of directors of his intention to step down as chief executive officer of the company at the end of the …
Frontier Insurance Group Inc. has voluntarily withdrawn from the scheduled appeal of its delisting from the New York Stock Exchange. The company’s stock has been trading under $1 a share since June of 2000 and is currently valued around 15 …
Carl Icahn may buy enough of Reliance Group Holdings Inc.’s bonds to give him a say in how to run the 183-year-old insurer burdened by debt and bad underwriting, according to a report by Reuters news service. A report released …
MarketScout and InsuranceNoodle have formed a strategic alliance to provide tailored insurance products and services geared toward small businesses. MarketScout’s independent agents will be able to utilize InsuranceNoodle’s solutions to quote and place their small business property and liability insurance. …
Fireman’s Fund insurance laid off 68 people last week at its Earth City, Mo. office, and 197 more jobs will be phased out as the insurer eliminates a line of auto coverage according to a St. Louis Times-Dispatch report Wednesday. …
Lloyd’s has named Nicholas Smith as its Attorney in fact in Canada for Lloyd’s Underwriters effective June 1, 2001. He will succeed Mark J. Oppenheim CA, who has filled the position since 1992. Smith, who became the first President of …
Dutch financial services and insurance giant ING confirmed that it would sell its U.S. investment banking operations to Holland’s ABN Amro bank for an estimated $275 million, and would restructure its European and foreign operations. While exiting the U.S. investment …
Hiscox Plc, the Lloyd’s and specialty insurer, announced Tuesday that it had rejected Chubb Corp.’s offer of 210 pence ($3.08) a share as it “substantially undervalued” the company, and had broken off further talks. Chubb, Hiscox largest shareholder with a …
A group of investors, whose bid for Executive Life was rejected in favor of Credit Lyonnais’ offer, have filed suit in L.A. Superior Court against the French Bank seeking $2 billion in damages for alleged fraud. The suit is the …
