Bermuda-based AXIS Capital Holdings Limited announced that its Board of Directors has authorized the Company to engage in two capital management initiatives. The Board approved a 20 percent increase in the quarterly dividend to $0.15 per common share. The dividend …
More than a year after J. Anthony Clark handed in his walking papers as Illinois’ insurance director, Gov. Rod Blagojevich has found a permanent replacement. Blagojevich, a Democrat, named corporate lawyer Michael T. McRaith as the new director of the …
The fallout from the investigations into conflicts of interest and questionable practices in the U.S insurance business spearheaded by New York Attorney General Eliot Spitzer has reached into the board room of one of the world’s largest insurers and accelerated …
Sometimes people can’t seem to get enough of a good, or in this case, bad thing. While appearing last Wednesday in a Sacramento County courtroom for a preliminary hearing, James Chester Taylor, Jr., 72, of Quartz Hill, California was arrested …
A St. Petersburg, Fla. couple and a relative are facing felony insurance fraud charges after state investigators determined they fraudulently collected $39,000 from their insurance coverage stemming from a staged automobile accident. Azem Jakupaj, 41, his wife, Fikreta, 36, of …
Philadelphia Insurance Companies announced the release of their newest product, Golf and Country Club Program. This product focuses on high-end daily fee golf clubs and private country clubs. The policy also provides coverage for homeowner’s association-owned golf facilities. Golf should …
Five promotions and appointments have been announced by the board of directors of the Main Street America Group in Jacksonville: Ed Kuhl, senior vice president and chief financial officer; Toni Porterfield, senior vice president; Jack Craw assistant vice president; Bill …
State Representative Bill Callegari, Katy, filed House Bill 2573 to establish a motor vehicle financial responsibility program in Texas. According the House Media Services Division, HB 2573 is a version of a similar measure that passed the House of Representatives …
Hull & Company announced the promotion of Madelyn Cohen to vice president and branch manager of its New Orleans, La. office. The promotion was effective in late 2004. Prior to working for Hull & Company, Cohen spent 20 years with …
Texas Mutual Insurance Company reported that Minerva Davila of New Braunfels pleaded guilty to workers’ compensation fraud-related charges. The Travis County 147th District Court sentenced Davila to two years’ deferred adjudication and ordered her to pay $4,599 in restitution to …
