A shareholder lawsuit brought against American Physicians Capital Inc. and two of its officers alleging securities fraud violations on behalf of a proposed class of shareholders has been dismissed with prejudice, the company announced recently. “I am very pleased with …
Missouri Gov. Matt Blunt announced the appointment of W. Dale Finke to head the Missouri Department of Insurance. Finke is CEO and president of Corporate Insurance Management in St. Louis. He was president of the Missouri Association of Insurance Agents …
A bill to modernize North Dakota’s rate and rate filing standards “will be of great benefit to North Dakota insurance markets” and “would send a strong message to Congress that states can improve and modernize the state system of insurance …
A New York State Insurance Department public hearing on Marsh & McLennan Companies, Inc. and its brokerage practices that has twice been postponed has now been rescheduled for Thursday, Feb. 24. The department said the hearing was moved due to …
Pennsylvania Governor Edward G. Rendell appointed Cindy Fillman, a consumer advocate, to the new position of Consumer Liaison. Fillman will report to Insurance Commissioner Diane Koken. “The goal of this office is to reach out directly to communities to help …
North Carolina state insurance regulators are investigating whether as many as 10 insurance companies conspired in a price-fixing scheme. The Insurance Department is examining the companies after contacting about 1,400 insurance providers and 4,000 licensed brokers in the fall. The …
The California Applicant Attorneys Association is trying to roll back the major workers’ compensation reforms enacted in 2003 and 2004 by exploiting injured workers in weekly press conferences throughout the state, according to the American Insurance Association. According to a …
AssuranceAmerica Corp. has acquired Atlanta-based Cannon Insurance Agency for 3.6 million shares of common stock. Cannon is a retail insurance agency that produces about $7 million annual premium volume with emphasis on sales of non-standard auto insurance products. “This acquisition …
Applied Underwriters, a provider in integrated workers’ compensation solutions, adopted the January rate reduction recommended by the California Workers Compensation Insurance Rating Bureau. After a strong 2004, Applied Underwriters is reportedly seeking to increase the number of small-to-medium sized businesses …
One year after being formed by the merger of the National Association of Independent Insurers and the Alliance of American Insurers, Ernie Csiszar, president and CEO of the Property Casualty Insurers Association of America (PCI) on Wednesday announced a restructuring …
