Virginia-based Hilb, Rogal and Hamilton Company, the world’s tenth largest insurance and risk management intermediary, announced that it has acquired the book of business of The Aaron Wolf Agency, Inc. of Vineland, New Jersey. Terms of the transaction were not …
New York State Insurance Department Superintendent Gregory V. Serio and Brooklyn District Attorney Charles J. Hynes announced that a joint investigation, with the assistance of the Rackets Bureau of the Brooklyn DA’s Office, has resulted in the arrest of Michael …
The Ohio Department of Insurance has delivered the final report addressing the feasibility of a patient compensation fund to Gov. Bob Taft, the Speaker of the House, President of the Senate, and the committee chairs hearing issues concerning medical malpractice …
Cincinnati-based American Financial Group Inc. reported net earnings for the first quarter of $25.1 million (36 cents per share). These results include an after-tax loss of $25.6 million on the sale of 61 percent of Infinity Property and Casualty Corp. …
State Fund and Contra Costa County District Attorney Bob Kochly announced that the former owners of the now bankrupt Richmond-based Barthell Construction and Roofing Co. have been sentenced to five years probation and ordered to pay $187,000 in restitution to …
The 90th Judicial District Court in Texas recently sentenced Eric Beaver to a two-year prison sentence after he pleaded guilty to fraudulently obtaining workers’ compensation benefits. According to Texas Mutual Insurance Company, Beaver was ordered to pay a $1,000 fine, …
A.M. Best Co. has downgraded the financial strength ratings to C++ (Marginal) from B (Fair) of the participants in the Kemper Insurance Companies (Long Grove, Ill.) inter-company pool, eight reinsured affiliates and one domestic affiliate and removed it from under …
Illinois-based Horace Mann Educators Corporation reported net income of $8.1 million, or 19 cents per share, for the first quarter ended March 31, 2003. Net income for the first quarter of 2002 was $15.6 million, or 38 cents per share. …
Under section 326 of the USA Patriot Act, the property/casualty industry remained unaffected in the latest round of proposed rules. This week, Treasury, the Financial Crimes Enforcement Network, and the seven federal financial regulators issued final rules requiring certain institutions …
American Wholesale Insurance Group (www.amwins.com) has completed the acquisition of Seaboard Underwriters, Inc., a provider of insurance solutions for the transportation industry. Seaboard operates as a managing general agency providing trucker’s liability, physical damage, motor truck cargo, non-trucking liability, and …
