December 29, 2004
What a long, strange trip it’s been. The year started with the two Chicago-area property/casualty insurance trade groups, the National Association of Independent Insurers and the Alliance of American Insurers, merging to form the Property Casualty Insurers Association of America. …
December 29, 2004
Did you hear the one about the insurance agent and the coyote? So have the Pennsylvania Game Commission, wildlife agencies in other states and insurers. They all dismiss as urban legend claims that insurance companies and wildlife agencies release coyotes …
December 29, 2004
Massachusetts lawmakers have passed an insurance fraud bill that targets so-called “runners” who recruit others to participate in staged car accidents to collect the insurance. The bill makes the practice a felony punishable by up to five years in prison. …
December 29, 2004
The latest tools in surveillance technology — “Joey and “Whisper” – have joined the fight against no-fault insurance fraud in New York City, reports the National Insurance Crime Bureau. AutoOne Insurance Company of Melville, N.Y., a limited assignment distribution (LAD) …
December 29, 2004
Pennsylvania Secretary of Labor & Industry Stephen M. Schmerin announced increases in the maximum weekly benefits for new unemployment compensation beneficiaries and new workers compensation claimants, effective the first full week of January 2005. “Pennsylvania’s workers have been hit hard …
December 29, 2004
San Diego-based John Burnham Insurance Services has promoted Dena Williams to director of sales and marketing with responsibility for business development, client retention and the management of insurance company relationships. She will also serve as the liaison between John Burnham …
December 29, 2004
California-based The Harry W. Gorst Co. and Compass Insurance Group of Agencies Inc., announced the hiring of Evon Rios as a broker and will be situated in the San Diego area. This year, Rios celebrated 21 years in the insurance …
December 28, 2004
MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective January 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will oversee MetLife’s human resources, audit, information technology, corporate …
December 28, 2004
SeaCoast Underwriters Inc. has announced its acquisition of Franzese & Assoc. of Orlando and Franzese & Assoc. of Florida. According to R.C. Chaffin, SeaCoast president and CEO the acquistion became effective Dec. 21. Franzese & Associates will operate as a …
December 28, 2004
A.M. Best Co. has placed the B+ (Very Good) rating of Atlantic Preferred Insurance Company (Tampa, Fla.), under review with negative implications. This action reflects the decline in surplus recorded in the third quarter of 2004 due to significant catastrophe …