The Council of Insurance Brokers of Greater New York inaugurated its youngest president to date — Anthony S. Calafiore, president, Apex Brokerage Co. Inc. — at its 27th annual Dinner Dance. CIBGNY also honored Terry M. Gras, corporate secretary, Otsego …
New Jersey Banking and Insurance Commissioner Holly C. Bakke revealed that more than 10,000 drivers purchased the Dollar-a-Day auto insurance policy during its first year. “Rising sales of the Dollar-a-Day policy, combined with other programs, demonstrates that our efforts to …
A proposed rule change governing class action lawsuits that would benefit Illinois consumers and businesses will likely be opposed by the Illinois State Bar Association, according to the Property Casualty Insurers Association of America. The proposed new Rule 225, supported …
A whistle-blower complaint has accused the Connecticut Department of Insurance of failing to adequately investigate and sanction bondsmen who illegally provide discounted bail bonds. State auditor Kevin P. Johnston said he has nearly completed his review, The Hartford Courant reported. …
Texas-based MaximInsurance recently announced the addition of two new associates to its team of insurance professionals—Allyn Roberts III and Karla Marullo. Roberts will serve as a producer, specializing in commercial insurance. Previous to joining MaximInsurance, Roberts worked as a loan …
Githesh Ramamurthy, Chairman and CEO of Chicago-based auto claims softwaremaker CCC Information Services Inc has received the 2004 KPMG’s Illinois High Tech Award. Ramamurthy received recognition from the Big Four audit, tax and advisory firm for helping to lead CCC’s …
The Lousville-based Langan Insurance Agency is being acquired by BB&T Insurance Services of Raleigh, N.C. Lagan has 41 employees. According to Wade Reece, BB&T president, Bill Roby Sr., Langan president and Tom Barrett, vice president will become agency managers of …
A report from Standard & Poor’s Ratings Services indicates that its ratings on Europe’s insurers have continued to stabilize during 2004. “Only five out of the 20 groups covered in this report continue with a negative outlook, compared with just …
The U.K.’s Wellington Underwriting plc. announced that it has completed the purchase of AXA Corporate Solutions Excess and Surplus Lines Insurance Company, first announced on June 25, 2004. The bulletin noted that final regulatory approvals have been received and that …
Dublin’s Research and Markets has announced the addition of a guide to U.K. Commercial Insurance Distribution 2004 to their offering. “This report provides a comprehensive guide to the distribution of commercial general insurance, including current and future distribution channel market …
