California-based Fireman’s Fund Insurance Company, a provider of property casualty insurance for Hollywood film productions, has acquired full ownership of International Film Guarantors (IFG), a supplier of completion guarantees used by banks and other financiers of motion picture productions. Fireman’s …
The daughter of a Louisiana Department of Insurance employee has apparently been abducted from her home in Zachary, La., and the family is asking for the help of the public and the insurance industry in finding their child. LDI Director …
Congress has yet to renew the government program that reinsures losses in the insurance industry from foreign terrorist attacks, and the possibility that this program might expire at the end of 2005 is already prompting changes in some sectors of …
Florida’s CFO Tom Gallagher has requested a freeze on all insurance rate increases for homeowners policies. According to a press release issued by the Department of Financial Services: “I learned today that Nationwide has submitted a rate request in excess …
The Property Casualty Insurers Association of America (PCI) is urging Nevada’s Division of Insurance to redraft a proposed regulation so that the regulation focuses on reasonable and meaningful disclosure of broker compensation arrangements. Noting that the regulation was the subject …
Rodolfo Revuelta was elected senior vice president and chief investment officer of New Orleans-based Pan-American Life Insurance Company, the company reported. Revuelta was named to these appointments after the announcement that Luis Inglés Jr., senior vice president – Investments, treasurer …
The Independent Insurance Agents & Brokers of America (the Big “I”) said it is pleased the House of Representatives is moving forward on legislation to reform the nation’s class-action litigation system. “The introduction of a bill today (Feb. 2) in …
Dennis Ingles, 51, of Haughton, Louisiana, was sentenced by United States District Judge Donald Walter to spend 78 months in prison for his involvement in an insurance fraud scheme, United States Attorney Donald W. Washington announced. Ingles was also ordered …
To avoid any conflict of interest in his new job at U.S. Secretary of Health and Human Services, former Utah Gov. Mike Leavitt will divest more than $5 million of stock in his family’s insurance business. The Leavitt Group’s products …
Workers’ compensation insurance provider, Texas Mutual Insurance Company, announced it returned a dividend of approximately $45,000 to the Texas School Group, a purchasing group. The group dividend is separate from the approximately $50 million in dividends that Texas Mutual Insurance …
