Intensifying an investigation into illegal sales-related insurance practices, Ohio Insurance Director Ann Womer Benjamin has named Robert Smith, a veteran white-collar crime expert, to lead the department’s investigation. Smith will report to Womer Benjamin. “This investigation is a department priority,” …
Hilb Rogal & Hobbs Company reported total revenues for the fourth quarter of 2004 were $159.9 million, compared with $142.7 million a year ago, representing a 12 percent increase. However, net income declined 21 percent for the quarter to $15.3 …
Chicago-based Hub International Limited posted a 64 percent decline in net earnings to $3.9 million from $10.7 million a year earlier, despite a 33 percent increase in revenue to $104.4 million from $78.7 million and a 1 percent organic growth …
Acordia National, a Third Party Administrators and subsidiary of Acordia Inc., a Wells Fargo company, announced that it has opened a service office in Las Vegas. The office will service and support all of the Acordia offices in the Central, …
In a packed hearing room at the Texas Capitol, members of the Texas House Insurance Committee on Jan. 21 heard the views of consumers and their advocates, as well as insurers and their representatives, regarding House Bill 23, which would …
Almost 71 percent of California small business owners polled are expecting 2005 to be an overall better year than 2004, according to the fifth annual statewide survey released today by Union Bank of California, N.A. The survey’s results also offer …
The Nebraska Automobile Insurance Assigned Risk Plan offers an online rating interface for certain private passenger risks applying for auto insurance coverage. The interface is a feature of an electronic application submission interface called “EASi,” which was introduced in February …
Willis Group Holdings has acquired CGI Consulting Inc., an employee benefits firm selling to mid-size companies predominantly in the mid-Atlantic and northeast region of the United States. CGI has annual revenues of approximately $7 million; terms of the transaction were …
Bermuda-based Platinum Underwriters Holdings, Ltd. reported net income for the fourth quarter of $49.922 million, slightly more than the $49.815 million it earned in the same period last year. Full year earnings, however, fell to $84.8 million, compared to $144.823 …
On Jan. 21, Texas State Sen. Todd Staples presented recommendations on reforming the state’s workers’ compensation system to the Senate State Affairs Committee in the form of Senate Bill 5. The legislation would address a number of shortcomings with the …
