CEO Michael Segal of Chicago-based Near North Insurance Brokerage, Inc., stepped down from his position Jan. 31 as a result of his arrest for mail and insurance fraud involving a trust fund from which he allegedly misappropriated funds. According to …
Citing growth and confidence in the future, Cincinnati, Ohio-based provider of specialty insurance products and services, The Midland Company announced that its Board of Directors approved a 9.4 percent increase in the company’s indicated annual dividend to 35 cents per …
Adding a key Midwestern component to its national operations, Alliant Resources Group, Inc. (Alliant), announced the acquisition of Michigan-based Kelter-Thorner, Inc. (KT), a full-service property and casualty agency specializing in lawyers’ professional liability and real estate industry insurance coverage. Alliant …
Holland’s ING Group announced that it’s continuing to make progress in bringing together its far flung banking, financial services and insurance interests under the ING brand name. The next step calls for all of its wholesale businesses to adopt the …
U.S. investment bank JP Morgan Chase will enter the convoluted world of Italian finance with its agreement to acquire a 22 percent interest in Italian insurer Fondiaria along with two other investors for € 812 million ($700 million). The shares …
Argentina’s Finance Minister Jorge Remes Lenicov announced that the peso would be allowed to float freely against the dollar beginning Wednesday. The move marks the end of any linkage between the two currencies which many have blamed for deepening Argentina’s …
Pennsylvania Insurance Commissioner M. Diane Koken announced that the Commonwealth Court has granted her petition to enter an Order of Liquidation for PHICO Insurance Company of Mechanicsburg, effective immediately. PHICO’s wrote primarily medical-malpractice insurance for health systems, hospitals and physicians …
The Washington Department of Labor and Industries has ordered a 54-year-old Vashon man to repay workers’ compensation benefits he allegedly fraudulently collected by claiming he was injured and unable to work. Terrill Myers was injured in Nov. 1995 while working …
According to the National Association of Independent Insurers (NAII), pricing restrictions in pending legislation on insurers’ use of credit-based insurance scores would require low-risk consumers to pay “staggeringly higher” homeowners and auto insurance premiums in Washington in order to subsidize …
The Insurance Institute of America (IIA) has published the first edition of the text Liability Claim Practices. It serves as the basis for AIC 36 a course in IIA’s Associate in Claims (AIC) program that is also titled Liability Claim …
