Statistics released by the National Association of Insurance Commissioners last week, have received widespread coverage in New Jersey. They seem to show that, contrary to industry statements, the state’s auto insurers made the second highest profit in the nation in …
Robert Goodman, a veteran investment banker who specializes in the insurance sector, has joined Rothschild as a Managing Director in its Financial Institutions Group based in New York. Gerald Rosenfeld, CEO of Rothschild North America said Goodman will focus on …
Benfield, an independent insurance intermediary, has released a new report, which concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting discipline during the 2003/4 renewal season.” The 63-page report, Holding the Line, notes …
The Insurance Committee for Arson Control (ICAC) has donated $10,000 and joined other private and public agencies to offer a reward for information leading to the arrest and conviction of the person or people who intentionally set the wildfires in …
The National Association of Mutual Insurance Companies (NAMIC) announced its combined member company direct written premium (DWP) increased to $170 billion (41 percent of the property/casualty insurance market) during 2003. NAMIC said a total of 19 new companies joined the …
Abacus Insurance has available online through the APM Platform a market for over 150 classes of special events. Brokers quote and bind online in real-time. Coverage lines include general liability, liquor liability, rented equipment, non-owned auto, and third party property …
Ohio Department of Insurance (ODI) Director Ann Womer Benjamin announced that Brenda Dawn Johnson, 48, of Stoutsville, Ohio, reached a plea agreement yesterday in the Fairfield County Court of Common Pleas in a $400,000 insurance fraud case. Johnson, who defrauded …
The IBA/SFV chapter celebrated their company appreciation night by honoring Monarch E&S Insurance Services. Derek Ross, vice president of C.M. Meiers and president of the IBA/SFV chapter presented Derek Borisoff, CEO and president of Monarch E&S with the Company of …
Florida-based Bankers Insurance Group has added three new executives to its senior management team. R. James O’Boyle was named senior vice president. Bringing more than 25 years’ insurance experience to the role, he was previously senior vice president of American …
Inmates at the Chilton County Jail in Alabama were temporarily evacuated last week when a fire broke out in the jail’s laundry room. No one was injured. The fire occurred at 3 p.m. “Our investigation has determined that there was …
