Venture Programs Inc. has expanded its banking program with a new package of products from The Hartford Financial Services Group Inc. The Hartford product targets banks and credit unions with less than $2 billion in assets, investment firms with less …
Michael Anthony Green, 43, of Hawthorne, Calif., surrendered himself to Orange County authorities after a warrant had been issued for his arrest. His arrest is the result of an investigation by the California Department of Insurance’s Fraud Division (CDI). Green …
Voters in Colorado Nov. 2 overwhelmingly turned back an effort to amend the state’s constitution and gut a construction defects reform measure passed by the legislature last year. In a victory for consumers and the real estate industry alike, voters …
On Oct. 12, 2004, Gregory Keating, 44, of Riverside, Calif., and his wife, Elaina Keating, 36, also of Riverside, were sentenced for their Aug. 12 guilty pleas to various charges. Gregory Keating, who pled guilty to felony driving under the …
HCC Insurance Holdings Inc. announced the acquisition of cineFinance LLC (cF), a Los Angeles-based underwriting agency operation specializing in completion bonds for movie and television studios worldwide. The amount of this cash transaction was not disclosed and it is expected …
Fitch Ratings has affirmed the ‘AA-‘ insurer financial strength rating on the Safeco property/casualty group (Safeco P/C). In addition, Fitch has affirmed ‘A-‘ long-term and senior debt ratings on Safeco Corporation (Safeco) and the ‘BBB+’ rating on Safeco Capital Trust …
A task force has been established by Florida Chief Financial Officer Tom Gallagher in an effort to determine whether activities uncovered by New York Attorney General Elliot Spitzer exist in Florida. The establishment of the task force is the second …
According to Richard Kerr, chairman and CEO of MarketScout, an online insurance exchange with more than 50,000 users, the October 2004 composite rate for U.S. property and casualty insurance is 2%, down from 12% in October of 2003. Kerr commented, …
Georgia-based Beecher Carlson Holdings Inc. announced the hiring of John Hayes as vice president. Hayes will focus primarily on the production of large property and casualty risk management business. Prior to joining Beecher Carlson, Hayes spent 12 years in the …
ACE Ltd. (NYSE:ACE) announced that it will take several new steps to monitor and improve its compliance with best underwriting practices, and avoid real or any appearance of conflicts of interest. — The company has issued new, detailed guidelines relating …
