A judge in Baton Rouge, La. awarded the owner of a failed insurance company more than $1.2 million from the state, years after two former consultants pleaded guilty to illegally handling the company’s assets. The Associated Press reported that State …
Richard L. Polizzi, president/CEO of Western Security Surplus Insurance Brokers Inc. (WSS) recently announced that the personal lines division in Los Alamitos has added another new wrap around program. Available in California only, from an “A”-rated, non-admitted carrier. This is …
Bill Crouse of San Francisco-based Crouse and Associates recently announced that he is stepping down as president and moving into the position of CEO. Effective immediately, Greg T. Crouse has been appointed president. According to Bill, “I have a great …
Oklahoma Insurance Commissioner Carroll Fisher announced that officials with Physicians Liability Insurance Co. (PLICO) and Hospital Casualty Co. have signed agreements placing the two companies under formal supervision by the Oklahoma Insurance Department. The move comes after months of on-site …
Standard & Poor’s Ratings Services announced the affirmation of its “AA” counterparty credit and financial strength ratings on Houston Casualty Co., Avemco Insurance Co. (Avemco), U.S. Specialty Insurance Co., HCC Specialty Insurance Co. (HCC Specialty) and HCC Life Insurance Co. …
Webster Financial Corporation (NYSE: WBS) announced that its principal subsidiary, Webster Bank, has completed its conversion from a federal savings bank to a national bank charter, regulated by the Office of the Comptroller of the Currency (OCC). In addition, Webster …
Marietta McCain of San Antonio, Texas, has been honored with the Bernard J. Burns Award, bestowed annually upon the agent or broker making the most significant impact on fundraising efforts for InsurPac, the political action committee of the Independent Insurance …
Chittenden Corporation (NYSE: CHZ) Chairman Paul A. Perrault announced earnings for the quarter ended March 31, 2004 of $17.5 million or $0.47 per diluted share, compared to $16.6 million or $0.49 a year ago. Chittenden also announced a 10 percent …
The Independent Insurance Agents & Brokers of America reported that Ernest Jeffrey Thomas of LaGrange, N.C., was honored with the InsurPac Young Agent Recognition Award bestowed annually upon the young agent or broker making the most significant impact on fundraising …
The use of arbitration by property/casualty insurance companies and self-insureds to resolve inter-company claims disputes increased by nearly 8 percent in 2003, with the number of arbitration filings increasing to more than 434,000, according to Tampa, Fla.-based Arbitration Forums Inc. …
