The chief organizer of a Pennsylvania organization that reportedly sold bogus health insurance to thousands of Floridians has pleaded guilty to two felony counts of communications fraud, Florida Treasurer and Insurance Commissioner Tom Gallagher and Statewide Prosecutor Melanie Ann Hines …
Five Southeastern states that lost $200 million to financier Martin Frankel’s reported insurance schemes filed suit against their banks, arguing those institutions should have been prepared for Frankel’s actions, according to a Reuters report. State insurance commissioners are suing AmSouth …
The National Association of Independent Insurers (NAII) is asking the Arkansas Department of Insurance (DOI) to remove several what its feels are burdensome and costly requirements from its recently released directive on the use of credit-related information in underwriting. In …
California-based ABD Insurance and Financial Services, a provider of global risk management and employee benefits solutions, added John Schaefer to its Enterprise Risk Management Services Group. As vice president, Enterprise Risk Management Services, Schaefer will be responsible for introducing ABD’s …
The Target Markets Program Administrators Association announced that Gulf Insurance has signed on as a Carrier Partner in the Program Administrators Association. Gulf joins such companies already involved in the Association including AIG Programs Group, Clarendon, Markel, Royal and SunAlliance …
Insurance Services Office, Inc. (ISO) has expanded the ISO ClaimSearch® anti-fraud system to provide access to the broadest range of criminal and civil records searches available today. The enhancement of ISO ClaimSearch service includes direct access through its Web site …
A new report published by Fitch Ratings states that the workers’ compensation market continues to face challenges following further deterioration in underwriting performance in 2001. Despite significant pricing improvements in a majority of states, the workers’ comp combined ratio increased …
Bermuda-based PartnerRe Ltd. reported record operating results for the second quarter 2002, and reaffirmed its prior earnings guidance for the full year. PartnerRe President & CEO, Patrick Thiele, commented, “Overall, we are pleased with our second quarter results, both in …
Illinois Governor Jim Ryan appointed John Polak, president /CEO of Argonaut Great Central Insurance Company as chairman of the Illinois Dry-Cleaner Environmental Response Trust Fund for a term of three years. The fund was established by the Illinois Legislature in …
Iowa-based Acceptance Insurance Companies Inc. has retained Philo Smith & Co. as a financial advisor to assist the company in expanding its agricultural risk management operations. American Agrisurance Inc. and American Growers Insurance Company are wholly owned subsidiaries of the …
