The Hartford Financial Services Group has appointed Tom Johnston senior vice president and chief actuary for its property/casualty operations effective July 1. Johnston, currently the finance director for property/casualty claim, will assume leadership for all property/casualty actuarial operations. He succeeds …
California Department of Insurance (CDI) Fraud Division investigators, with the assistance of the Glendale Police Department, arrested Robert Galante, 45, of Simi Valley, on a felony warrant charging him with two counts of workers’ compensation fraud. The Ventura County District …
The New York Assembly followed their colleagues in the State’s Senate by passing legislation, S.5700, which extends the New York Property Insurance Underwriting Association’s authority for another year and restores the “2 percent” rule for automobile insurance renewals. (See IJ …
The New York State Insurance Department announced that it has scheduled a public hearing on July 3, to consider the application of the New York Compensation Insurance Rating Board (NYCIRB) for a workers’ compensation insurance increase of 11 percent, to …
The Professional Insurance Agents of New York noted that both houses of the State Legislature have passed a bill, initiated by the PIANY, to help agents help their clients by strengthening policyholder protection. The bill, S.4633-b, sponsored by Senator Charles …
Pennsylvania Insurance Commissioner Diane Koken has reportedly filed a petition in Commonwealth Court seeking to recover around $3.6 million paid to Robert M. Steinberg, the former Chairman and CEO of the bankrupt Reliance Insurance Co. According to a report in …
A.M. Best Co. announced that it has affirmed the ‘A’ (Excellent) financial strength rating of Caisse Centrale de Reassurance (CCR), a Paris based reinsurer, with a “positive” outlook. “The rating reflects the company’s superior risk-based capitalisation, its leading position in …
Standard & Poor’s Ratings Services announced that it has lowered its long-term counterparty credit and financial strength ratings on the primary operating subsidiaries of Toronto, Ontario-based Aviva Canada Inc. (formerly CGU Group Canada Ltd.) to ‘A’ from ‘A+.’ The bulletin …
In what it termed a “realignment of senior executive responsibilities,” Bermuda’s ACE Limited announced that its Board of Directors has elected Evan Greenberg to the position of President and Chief Operating Officer, effective immediately. He will continue to head ACE …
Employers Insurance Company of Nevada, A Mutual Company (EICN) announced that it has received an “A- (Excellent)” rating from A.M. Best Company. “Today is an historic day in the continuing evolution of Employers Insurance Company and its subsidiaries,” said EICN …
