Copart, Inc. the California-based auto salvage and disposal service, announced that it has opened a new auction facility to serve the State of Maine, bringing the total number of its operating sites to 89 locations in 40 states. “The new …
The Herbert H. Landy Insurance Agency, Inc. of Needham, Mass. announced the appointment of Betsy A. Magnuson as President. “Betsy, a 1979 graduate of Syracuse University, succeeds her father, Herbert Landy, as President of the Insurance Agency”, said the announcement. …
Brooklyn-based Allcity Insurance Company reported a net loss of $18,048,000 or $2.55 per share for the year ended December 31, 2001 compared to a net loss of $30,800,000 or $4.35 per share for the comparable 2000 period. The company, which …
The California Department of Insurance (CDI) announced the arrest of John Martin in his residence by the Philadelphia Police Department Felony Warrant Detail. The arrest warrant was issued on Feb. 5 in Orange Superior County Superior Court in response to …
A legislative effort to save California’s experimental low cost auto insurance program is not based on sound insurance principles and could encourage thousands of California drivers to be chronically underinsured according to the National Association of Independent Insurers (NAII). “SB …
While appearing March 28 on Adelphia Cable System’s public interest show “Week in Review”, Republican Insurance Commissioner candidate Gary Mendoza called on his Democratic rival, John Garamendi, to commit to recusing himself from any further involvement in the Executive Life …
In a significant victory for the National Association of Independent Insurers (NAII), regulators were convinced that installment payment fees paid by policyholders should not be reported as written premium. The National Association of Insurance Commissioners (NAIC) Statutory Accounting Procedures Working …
As insurance carriers face competitive pressures to reduce operating costs and streamline business operations, many insurers are turning to business process outsourcing (BPO) and information technology outsourcing to achieve those goals, according to a survey by Gartner, Inc. During late …
Pennsylvania Insurance Commissioner M. Diane Koken announced that the Commonwealth Court has approved her petitions for Orders of Rehabilitation for Legion Insurance Company and Villanova Insurance Company, both located in Philadelphia. The companies will be placed in rehabilitation starting April …
BNCCORP Inc. of Bismarck, N.D., announced plans for its insurance subsidiary to acquire Milne & Company Insurance, Inc., d/b/a Milne Scali & Company, one of the largest independent insurance agencies in Phoenix. BNCCORP, a $585 million-asset regional bank holding company …
