New York State Insurance Department Superintendent Gregory Serio announced the arrest of Ross Anderson, 47, a former insurance broker, on charges that he falsified business records by selling fraudulent insurance, leaving a customer without proper coverage. An investigation by the …
Conseco, Inc. and NYC developer Donald J. Trump announced that they have reached an agreement on a long-standing dispute over control and distribution of profits at the General Motors Building located on Fifth Avenue, which provides that the property will …
Moody’s Investors Service has affirmed its A1 insurance financial strength and A2 senior debt ratings on the Winterthur Insurance Group (A1 insurance financial strength at Winterthur Swiss Insurance Company, A2 debt rating at Winterthur Capital) with negative outlooks on both. …
Italy’s anti-trust regulators have ruled that both Mediobanca SpA and Premafin Finanziaria SpA are again entitled to vote their shares in Asscurazioni Generali SpA, following the divestiture ordered by the authority last December as a condition for allowing the merger …
Zurich Financial Services took another step towards restoring its battered capital position to robust health with the announcement that it has agreed to sell Threadneedle, its U.K. find management subsidiary, to American Express for £340 million ($565 million). The deal …
Society Western Regional Governor Don Marwin, State Farm Group, recently installed the newly-elected officers and directors of the CPCU Society’s Los Angeles Chapter for the upcoming 2003-2004 year in Los Angeles. New officers are president Mary King, Swett & Crawford; …
A.M. Best Co. has affirmed the financial strength rating of A (Excellent) of The St. Paul Companies, Inc.’s (St. Paul, MN) property/casualty subsidiaries. Concurrently, A.M. Best has downgraded its senior debt rating to “bbb+” from “a-“, subordinated debt to “bbb” …
James L. Weidner, CEO of the Cooperative of American Physicians, Inc.-Mutual Protection Trust (CAP-MPT), was elected to the board of directors of the Physician Insurers Association of America (PIAA). The PIAA is a trade association of more than 60 providers …
On Tuesday, June 10, four prominent insurance companies, Allianz Insurance Company, Deans and Homer, Farmers Insurance Group and Marsh Inc. received the prestigious Employer Excellence Award from the Los Angeles Chapter of CPCU for their outstanding support to the Chapter …
On Tuesday, June 10, Society Western Regional Governor Don Marwin, State Farm Group, installed the newly-elected officers and directors of the CPCU Society’s Los Angeles Chapter for the upcoming 2003-2004 year at the Jonathan Club located in downtown Los Angeles. …
