A Riviera Beach, Fla. man who sold fake motor vehicle insurance cards to nearly 200 South Florida drivers has been sentenced to three years in prison and more than a dozen of his customers are facing charges that they knowingly …
A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated subsidiaries. The three subsidiaries include The Hartford Steam Boiler …
Aon Risk Services Inc. has been appointed by World Trade Center Properties LLC, an affiliate of Silverstein Properties Inc., as broker for insurance coverage related to the construction of the Freedom Tower in Lower Manhattan. The Freedom Tower is the …
Ohio insurance consumers continued to benefit from a healthy property and casualty market in 2004 and rates are not expected to change significantly in 2005, the state’s insurance department announced. Homeowners insurance rates offered by the state’s top ten insurers …
The Texas Department of Insurance (TDI) has delivered to the state legislature its final phase of its report on insurers’ use of credit information. According to the Property Casualty Insurers Association of America (PCI), the report’s main finding was that …
Napco LLC, a New Jersey-based wholesale property and casualty broker, announced the appointment of David Pagoumian as president and chief operating officer. Pagoumian will be responsible for the operation and direction of the company. Pagoumian has more than 15 years …
Just three weeks after the Department of Financial Services launched its Multiple Deductible Reimbursement Program, more than 400 checks totaling $600,000 are being mailed this week, Florida’s Chief Financial Officer Tom Gallagher told Governor Jeb Bush and members of Florida’s …
Pilgrim Insurance, a unit of The Plymouth Rock Group of Companies, in Boston, has been accepted by the Federal Insurance and Mitigation Administration to participate in the Write Your Own Flood Program (WYO). This program enables Pilgrim to issue flood …
Volkswagen of America, looking for ways to attract younger buyers, is going beyond sporty designs, cash rebates and zero percent financing incentives to offer car buyers, regardless of their risk profile, auto insurance at no charge. While the plan is …
Insurance Commissioner John Oxendine is disappointed that Marsh & McLennan “got off the hook” in its settlement with the New York State Attorney General and says his office will continue to investigate overcharges in Georgia. Oxendine criticized the announcement of …
