The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. Nigohosian was chosen from among a pool of the insurance industry’s best and brightest after an arduous search process. He has …
State Compensation Insurance Fund announced it has filed with the California Department of Insurance an average rate decrease of 5 percent on new and renewal workers’ compensation policies with renewal dates on or after Jan. 1, 2005. This is in …
A Utah law that caps the noneconomic damages that can be awarded in medical liability lawsuits will remain in place, the Utah Supreme Court ruled in November, according to the American Medical Association. In the nearly 20 years since the …
A Windermere, Fla. man has lost his licenses to sell insurance following an investigation by the Florida Department of Financial Services that alleged he took advantage of his clients for his own financial gain. Earlier this year, the department filed …
New York-based Willis Group Holdings has appointed Arlene Corsetti as executive vice president, regional executive officer to lead the Western Region encompassing Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington. She also assumes the role of Willis’ healthcare practice leader …
Standard & Poor’s Rating Services has revised its outlook on Michigan-based American Physicians Assurance Corp. (APA) to stable from negative. At the same time, Standard & Poor’s affirmed its ‘BBB-‘ counterparty credit and financial strength ratings on APA. The revised …
21st Century Holding Company announced that its subsidiary, American Vehicle Insurance Company, received approval from the Texas Department of Insurance to begin writing General Liability coverage for more than 300 classifications of business, plus “special events” coverage. The company plans …
AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), announced the expansion of its “Partners in Productivity” Web site (www.aigswc.com) to enable its small business policyholders and their brokers to …
Nevada Attorney General Brian Sandoval announced that Alex John Elias, 40, of Reno, was sentenced after pleading guilty to felony insurance fraud before Judge Kosach in the Second Judicial District Courthouse. Kosach sentenced Elias to 48 months in prison, the …
Less than two weeks before the Catholic Diocese of Spokane is due to file for bankruptcy protection, its insurance carriers are suing to avoid paying victims’ sexual-abuse claims. The American Casualty Co., the diocese’s liability insurer, contends it should not …
