American Sterling Insurance Company terminated the president of its personal lines division, Michael Galati, along with 12 other employees, on Feb. 22. The Laguna Hills, Calif.-based company also suspended alliances with 37 of its producers. “Our senior management at the …
A North Carolina woman has pleaded not guilty to charges she helped Martin Frankel bilk insurance companies of more than $200 million. Sonia Howe, 41, of Charlotte, N.C., was arraigned in a New Haven Howe is described by prosecutors as …
Ajasent, an application service provider serving independent insurance agents, has added DORIS software as one of the management system products it will be offering customers. Ajasent manages and delivers application capabilities to multiple entities over the Internet. Software applications are …
White Mountains Insurance Group has named James J. Ritchie as chief financial officer and managing director of Fund American. Ritchie, who served most recently as senior vice president and chief financial officer for the international division of CIGNA Corp. will …
The Hartford Financial Services Group’s Hartford Life Inc. subsidiary has agreed to sell $400 million in senior notes at 7.375 percent. The underwriters for the debt offering are Banc of America Securities LLC and J.P. Morgan. Settlement is scheduled to …
At its meeting on Nov. 30, 2000, the Board of Directors of the Professional Independent Insurance Agents of Illinois voted to disaffiliate with the National Association of Professional Insurance Agents, pending ratification by a membership vote to take place on …
The North Dakota Workers Compensation Bureau’s request to set its own budget without legislative oversight has critics saying the move would diminish public accountability. Supporters contend that removing the budget from the Legislature’s spending review would allow its board of …
Home insurance premiums are expected to increase by as much as 30 percent this year as building costs push up underwriting losses from weather-related claims. Royal and Sun Alliance, with a 28 percent market share in Ireland, will meet with …
Jardine Lloyd Thompson profits increased by 12 percent last year, helped by the acquisitions it made to bolster its business. JLT bought Burke Ford Group, a UK retail and employee benefits broker, as well as Abbey National’s pension administration and …
Despite last week’s announcement by CGNU, the U.K. ‘s largest insurer, that net operating profit would be affected by damage claims from November’s storms, analysts expect Legal & General and Royal & Sun Alliance, who will also announce 2000 results …
