In a move aimed at strengthening its consulting and outsourcing services Aon announced that it has agreed to acquire New York-based ASI Solutions Inc., “a worldwide provider of human resources administration and compensation consulting services.” Plans call for the integration …
The California Department of Insurance is looking into allegations of premium theft, embezzlement and other violations connected with the Redwood City, Calif.-based Wersching Insurance Agency, which is run by former San Francisco 49er football player Raimund Wersching. CDI investigators served …
The Los Angeles Times recently published a report containing new allegations that the California Department of Insurance under former commissioner Chuck Quackenbush covered up a $400,000 payment made by Lloyd’s of London in 1999. Meanwhile, Lloyd’s is being investigated by …
Former New Mexico Insurance Superintendent Don Letherer is suing several current and former state regulatory officials for wrongful termination according to a Business Insurance report. Letherer charges that the officials fired him late last month in part because his office …
Online health insurance marketplace eHealthInsurance is suing InsWeb, claiming the Sacramento, Calif.-based insurance aggregator was furnishing “illegitimate” referrals for health insurance. Meanwhile, InsWeb has temporarily suspended online health insurance quoting. According to InsWeb, the two companies signed a two-year online …
The Homeownership Alliance has added The Council of Insurance Agents + Brokers and The Independent Insurance Agents of America as its newest members. The Council represents over 250 member firms, all among the top one percent of the nation’s agencies …
Ohio Casualty Corp. of Fairfield, Ohio, is abandoning its web-based Avomark brand direct personal lines auto marketing in favor of an independent agent sales force. Dan R. Carmichael, Ohio Casualty’s new president and chief executive, announced the change in December …
Madison, Wis.-based American Family Insurance Group, the nation’s ninth largest property casualty insurer, will close nine claims offices across the country and eliminate 202 jobs in an effort to be more cost-effective and efficient. The company’s Wisconsin offices in Janesville, …
CGNU is expected to report next Tuesday pre-tax operating profit of between 1.2 and 1.4 billion pounds, compared to a pro forma 1.534 billion pounds ($2.22 billion) last time. The group was created through the merger of CGU and Norwich …
AIG plans to inject $513.5 million in capital into failed Chiyoda Mutual Life Insurance Co, sponsoring a revival plan for Japan’s 12th largest life insurer. “As a result, AIG will significantly expand its presence in the traditional Japanese life insurance …
