Custom Insurance Solutions (CIS) announced that Texas-based Western Surplus Lines Agency Inc. (WSLA) has signed a contract with CIS for the AIM Management System. WSLA, which is scheduled to go “live” with the system in the second quarter of 2004, …
San Antonio-based Argonaut Group Inc. announced it has appointed B. Thomas Johns as president of its Specialty Commercial Group. Johns is currently senior vice president and chief underwriting officer of Argonaut subsidiary, Colony Group. Argonaut Group’s Specialty Commercial Group is …
New Jersey Attorney General Peter Harvey announced that a Camden County man previously convicted and sentenced to 10 years in state prison for stealing more than $140,000 in 9/11 survivor benefits has admitted committing thousands of dollars in additional frauds, …
Directors and officers (D&O) liability insurance premiums grew approximately 33 percent on average from 2002 to 2003, according to the Tillinghast business of Towers Perrin’s 2003 Directors & Officers Liability Survey. While employee lawsuits were significant for all types of …
Efforts to enact legislation reportedly restricting the ability of insurers to operate in a competitive fashion in the Maine homeowners insurance market are being met with concern by the Property Casualty Insurers Association of America. “We were dismayed to learn …
Captiva Software Corp., a provider of input management solutions, today announced that Zenith Insurance Company, a property and casualty insurance provider specializing in workers’ compensation and a wholly-owned subsidiary of Zenith National Insurance Corp., has selected ClaimPack(TM), Captiva’s award-winning claims …
An Orlando clinic owner, his wife and office manager were arrested last week in an ongoing investigation of a Miami-based “paper” auto accident ring that so far has resulted in 46 arrests. Investigators with the Department of Financial Services, Division …
Georgia-based Raike Financial Group, an independent broker-dealer, has appointed Valerie Perkowski as executive vice president of RFG’s insurance division. Perkowski joined RFG in June of 2003 to further develop the company’s insurance business. She has been appointed to the newly …
Peoria, Ill.-based insurer RLI Corp. reported fourth-quarter net earnings of 62 cents per diluted share (or $16.1 million), a 15 percent per-share improvement over the 54 cents per diluted share (or $11.2 million) reported for the same period in 2002. …
The legal defense of Michael Segal, the former owner of Chicago-based Near North Insurance Brokerage Inc., was dealt a major blow by a federal judge presiding over Segal’s trial on charges of embezzling more than $20 million from his company’s …
