Bermuda-based ACE Limited announced that Jaime Paredes will join the ACE Group of Companies next month as chairman and CEO of ACE Latin America. Klaus Gebhardt, currently executive vice president, Global Property at ACE Bermuda, has been appointed to the …
New York Superintendent of Insurance Gregory Serio announced that an investigation has determined that the New Hampshire Insurance Company reportedly illegally collected premiums for terrorism insurance on approximately 600 New York City homeowners polices. “As a result of our investigation, …
Farmers Insurance Group® announced they are reducing homeowners rates in the state of Kansas. Farmers’ policyholders in Kansas were to see a rate decrease of .7 percent effective July 1. Actual savings will vary depending on location, value of the …
The education program InVEST announced that two new sponsors, Zurich North America Foundation and OneBeacon Insurance Group, have committed to help perpetuate and expand the program. Art Albright, Zurich’s diversity officer, noted, “Our support of InVEST will help expand insurance …
Zurich North America announced the launch of the FinanceSuite(tm) product on the Business Finance Center website. The Business Finance Center is an online commercial lending marketplace where the Zurich network of independent agents can send their small business customers to …
New Jersey Attorney General Peter Harvey announced that a Hudson County businessman has been charged by the Division of Criminal Justice – Office of Insurance Fraud Prosecutor with stealing more than $300,000 in health insurance claims money by reportedly misrepresenting …
The International Insurance Society’s 39th Annual Seminar, held at New York’s Waldorf Astoria Hotel, concluded yesterday with a gala dinner at the United Nations. Attendees heard CEO’s and top managers from the four corners of the world express their views …
Claudette, now classified by the National Hurricane Center as a tropical depression, has killed at least two people in Texas, according to the Associated Press. It also left several mid-coast communities without power. The two who died were felled by …
East Lansing, Mich.-based American Physicians Capital Inc. (APCapital) announced that Raymond Jacobsen, CEO of the company’s workers’ compensation business unit, has submitted his resignation effective immediately. APCapital’s President and Chief Executive Officer, William B. Cheeseman will oversee the workers’ compensation …
Mayfield Village, Ohio-based vehicle insurer Progressive Corp. reported second quarter 2003 net income of $286.3 million, or $1.29 per share, compared to $160.4 million, or $.71 per share, in the second quarter last year. Included in net income are net …
