Credit Suisse Group’s Winterthur Insurance announced that it has signed an agreement to sell its life and P/C operations in Italy to Compagnia Assicuratri Unipol for 1.465 billion euros ($1.7 billion) in cash. The deal is the second sale in …
The Independent Insurance Agents of North Carolina (IIANC) announced that Ernest Jeffrey Thomas was named IIANC’s Young Agent of the Year. In addition, North Carolina’s Young Agents presented the award for Company of the Year to Travelers Insurance Co. The …
A Cocoa, Fla.-area agent surrendered her insurance license following charges by the Florida Department of Financial Services that she misappropriated premium funds. According to the department, it filed an administrative complaint alleging that Gabrielle Shockey, 34, sold insurance policies to …
Dallas, Texas-based Maclean, Oddy & Associates named Karl Oddy as executive vice president of Maclean, Oddy & Associates of Texas and Susan Gropp as senior vice president/manager of Maclean, Oddy Underwriting Management Company. Oddy, formerly senior vice president, has been …
Illinois Reps. Karen Yarborough (D-Maywood) and John Millner (R-St. Charles) are holding two hearings to give agents and the public a forum to discuss the effectiveness of the state’s mandatory insurance laws. Newly appointed Insurance Director J. Anthony Clark has …
A.M. Best Co. has affirmed the financial strength ratings of “A” (Excellent) of Springfield, Ill.-based Horace Mann Educators Corp.’s insurance operating subsidiaries. Concurrently, A.M. Best has affirmed the “bbb+” debt ratings on Horace Mann Educators Corporation’s $100 million 6.625 percent …
Seattle-based Safeco’s director Paul Skinner resigned from the company last week citing personal reasons, as stated in a filing with the Securities and Exchange Commission. According to the Dow Jones Newswire, Skinner’s resignation was due to personal burdens on his …
Pennsylvania Insurance Commissioner Diane Koken, in her capacity as the state regulator for the industry, has released results from the Private Passenger Automobile Underwriting Guidelines review conducted by the Department’s Market Conduct Division. “On August 16, 2002, the Market Conduct …
A Los Angeles insurance agent has filed a counter-claim against 21st Century Insurance Group (formerly known as 20th Century Insurance) over the use of the name “21st Century Insurance” in Los Angeles County. Alfred Bunmi George, owner of Los Angeles-based …
A requirement in the Uniform Certificate of Authority Application (UCAA) that an insurance company officer must physically sign all company licensing applications is cumbersome and unnecessary, an insurance trade association representative told a panel of state regulators convening during the …
