Michael F. Moran has joined California-based wholesale broker Network E&S Insurance Brokers, LLC, as a partner and as its chief operating officer. His immediate responsibility will be to establish and to staff an office in Los Angeles. Moran brings over …
An insurance company for a prominent Bergen County, New Jersey eye surgeon must pay $15.3 million to cover malpractice claims made by 16 former patients, a Superior Court judge has ruled. Princeton Insurance Co. claimed an arbitrator’s ruling that settled …
Acting New jersey Gov. Richard J. Codey on Friday appointed Donald Bryan, director of the state’s Division of Insurance, to head the state Department of Banking and Insurance. The Burlington County resident will replace Holly Bakke, who resigned as the …
A.M. Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and the issuer credit rating to “a-” from “a” for the reinsurance subsidiaries of Inter-Ocean Holdings Ltd. (Inter-Ocean) (Bermuda). The ratings apply to Inter-Ocean Reinsurance …
U.S. Senators Robert Bennett (R-Utah) and Christopher Dodd (D-Conn.) reintroduced legislation today to extend the federal terrorism backstop for two more years. The current Terrorism Risk Insurance Act is set to expire on Dec. 31, 2005. The Dodd-Bennett bill would …
Seattle-based Safeco’s board of directors has appointed former Washington State Governor Gary Locke as director, effective immediately. Gov. Locke will be included with the class of directors standing for election at the company’s annual shareholders meeting on May 4, 2005. …
A campaign to point out the consequences of staging an auto accident or participating in auto insurance fraud has been launched by the Florida Department of Financial Services Division of Insurance Fraud. The “educational campaign” comes in the wake of …
Less than one month after United America Indemnity completed its merger with Penn-America Group Inc. and Penn Independent Corporation on Jan. 25, 2005, Jon S. Saltzman, president of the company, announced plans to resign effective Sept. 1, 2005. Saltzman, former …
California’s State Compensation Insurance Fund’s Board of Directors have appointed James Tudor as acting president. Tudor has served as executive vice president since Jan. 1, 2003. When Dianne Oki announced her retirement earlier this month, Board Chair Jeanne Cain announced …
In a bipartisan vote, an Oklahoma House of Representatives committee moved a comprehensive workers’ compensation reform package past its first hurdle, the House Media Services Division reported. The House Judiciary Committee passed House Bill 2046 by a vote of 8 …
