Mergers & Acquisitions: A Workshop for Insurance Agents and Bank Executives has been scheduled May 1 to 3 in Atlanta by the Council of Insurance Agents and Brokers, the American Bankers Insurance Association and Regan Consulting, an Atlanta-based financial advisor …
A Downey law office administrator, Rebecca M. Perez, of Riverside, and two Downey chiropractors, Dr. Raymond T. Oca, of Cypress, and Dr. Paul J. Lopez, of Huntington Beach, surrendered themselves to the Los Angeles County Superior Court after being charged …
A plan by West Virginia Gov. Joseph Manchin to introduce legislation as early as next week to help reform the state’s civil justice system and address certain insurance-related issues is long overdue, an official of the National Association of Mutual …
A proposed law to restrict the use of credit-based insurance scores under consideration by the Washington Legislature is premature and could raise premiums for Washington insurance consumers, according to the American Insurance Association (AIA). “Washington already has a law on …
Matthew Wallace Schachter, aka Robert Lewis Brown, aka Matthew C. Rollins (Brown), 58, was indicted on federal charges relating to an insurance fraud scheme that allegedly netted more than $20 million over the last four years. The indictment, filed in …
Charles “Chuck” McCaig, CIO, Chubb, has been designated the new chair of ACORD’s Board of Directors. Barbara Koster, CIO, Prudential Financial has been selected as the chair-elect. McCaig has been with Chubb since 1991 where he is responsible for information …
United Contractors Insurance Company Inc.—a new risk retention group domiciled in the District of Columbia—will offer general liability coverage to California contractors and artisans in commercial and residential construction. Acting as the RRG’s managing general underwriter, Palm Springs-based United Contractors …
Standard & Poor’s Ratings Services announced today that it placed on CreditWatch with negative implications its ‘A’ counterparty credit and financial strength ratings on U.S.-based American Re-Insurance Co. and its subsidiaries American Alternative Insurance Corp. and Princeton Excess & Surplus …
Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, announced the appointment of Brendan O’Neill to its Board of Directors. O’Neill was chief executive officer of ICI PLC, a specialty chemicals company, from 1998 to …
An estimated $400 million shortfall in Citizens Property Insurance Corp.’s high-risk account was confirmed yesterday by Citizens spokesman Justin Glover in meetings in Orlando with the company’s board of governors. The deficit makes it likely that policyholders throughout the state …
