Bringing 34 years of information technology experience to his new position, Ronald Dudley has joined ACORD as vice president of standards. Dudley has 28 years of experience in the insurance sector and 12 of those working with the insurance standards …
House Financial Services Committee Chairman Michael G. Oxley (R-Ohio) and Sen. Christopher J. Dodd (D-Conn.) will address hundreds of small business owners during the Independent Insurance Agents of America’s (IIAA) National Legislative Conference. The 26th Annual IIAA National Legislative Conference …
With only a small amount of insurers jumping into the e-business insurance marketplace, a recent Conning & Company study reports that businesses’ increased use of the Internet is making for a substantial growth opportunity for the emerging e-business insurance market. …
Ohio-based Assurex Global, a privately held risk management and commercial insurance brokerage group, has expanded its worldwide presence with the addition of international broker partners in Lima, Peru and Tunis, Tunisia, as well as North American partners in Glastonbury, Conn.; …
Chicago-based insurance brokerage Acordia Inc. has named Kevin W. Conboy as its new COO. Simultaneously, the company stated that current COO, Robert C. Kent plans to retire. Conboy will be responsible for field operations, regional reporting and business operating results, …
Bob Mendelsohn, the CEO of Royal & Sun Alliance, took a small pay cut last year of around $17,200, but still managed to take home a combination of salary and benefits of around $1.48 million. Mendelsohn’s performance at R&SA has …
Standard & Poor’s announced that it has removed from CreditWatch and affirmed all its ratings on Bermuda’s PXRE Corp., including its triple-‘B’ counterparty credit rating, “because of PXRE’s successful issuance of $150 million in privately placed convertible preferred stock,” (See …
Connecticut’s Supreme Court upheld the exclusive right of an Indian Tribal Council to hear and determine damage claims arising from accidents occurring on tribal lands. The case, according to an Associated Press report, involved a lawsuit filed in a state …
The decision by New York’s Appellate court to lift a stay of execution on the application of Regulation 68, imposed last February, clears the way for the immediate implementation of the new rules. NY Insurance Superintendent Gregory V. Serio applauded …
A Washington man has been ordered to repay the state $114,000 for benefits and penalties after he allegedly collected disability payments while being employed at various jobs in Central Washington. A laborer and farm worker, Francisco Soriano-Arias is reported to …
