Following the American Agents Alliance’s recent announcement that the organization was disaffiliating from the National Auto Agents Alliance, NAAA Past President Mark Schmoekel sent out a letter to California agents expressing his “disappointment” with the Alliance’s actions. “I am also …
Amwest Insurance Group has reached an agreement with Union Bank of California, N.A. to restructure its outstanding $13,633,077 term note. The agreement is contingent on receiving approval from the Nebraska Department of Insurance. In exchange for the bank’s forgiveness of …
Editor’s note: In a response to a question which read, have you ever at any time been under indictment for any crime, Dr. Saracino’s answer is yes. On Feb. 13, 2001, Barbara and her husband were indicted for a violation …
If global warming is not halted over the next several years, massive flooding, disease and drought could hit countries around the world according to a U.N. scientific team. On Monday, the scientists said they foresaw glaciers and polar icecaps melting, …
Argonaut Group Inc. has announced its plans to purchase the shares of North Pointe Financial Services Inc. and Hermitage Insurance Co., two subsidiaries of Queensway Financial Holdings Ltd. The letter of intent also contemplates a possible purchase of the shares …
New Century Global, a brokerage company and managing general agent, completed a management buyout by purchasing the 80 percent interest held by Reliance Insurance Company and Heath Lambert Fenchurch, effective Jan. 18, 2001. The two companies each had owned 40 …
Conseco’s quarterly operating profits rose 5 percent, beating expectations, as the struggling U.S. life insurance and loan firm continued its efforts to shore up its finances. The Carmel, Ind.-based company reported fourth-quarter operating profits, excluding one-time items, of $41.1 million, …
Standard & Poor’s has placed its single-‘A’ counterparty credit and financial strength ratings on Star Insurance Co. and its wholly owned subsidiary, Savers Property & Casualty Insurance Co. – collectively known as Meadowbrook Insurance Group – on CreditWatch with negative …
American United Life Insurance Co. is denying charges by the National Association of Securities Dealers it has used “misleading and unbalanced” sales literature to sell variable annuities. The Indianapolis-based insurer has not agreed to a financial settlement as have five …
Westfield Group, one of Northeast Ohio’s largest insurance firms, has opened Westfield Bank, headquartered in Westfield Center, Ohio. The bank offers traditional and e-banking services via its network of independent insurance agents, the traditional brick and mortar format, on-line banking …
