Aon Corporation acknowledged the settlement it reached with officials in three states over investigations that questioned the large brokerage firm’s receipt of contingent commissions from insurers by apologizing for but not admitting to any wrongdoing. Aon officials also noted that …
Two Kentucky physicians were elected to the Subscribers Advisory Committee (Board) for Healthcare Underwriters Group of Kentucky (HU), a doctor-owned and governed medical professional liability insurance company, at the company’s annual meeting. Robert Knight, MD, was re-elected to a three-year …
Fourteen South Floridaians were indicted this week for filing false claims to obtain Federal Emergency Management Authority grants and charged with federal wire and mail fraud. Federal legislators meeting in Washington pointed to t he arrests as evidence of waste …
Bermuda-based Aspen Insurance Holdings Ltd. reported a net income of $72.2 million, or $1.01 per diluted share, for the three months ended Dec. 31, 2004 and net income of $195.1 million, or $2.74 per diluted share, for the twelve months …
A photo taken in a restaurant 13 years ago captured the occasion—a deal signed by California’s chief insurance regulator that ultimately paved the way for the sale of insurer Executive Life to a group of French investors. But the executives …
States will soon require minimum training, education and knowledge requirements for insurance agents who write flood insurance, Ed Pasterick, an industry relations spokesman for the Federal Emergency Management Agency told the National Conference of Insurance Regulators Property-Casualty Insurance Committee on …
The Center for Justice & Democracy, a national consumer organization that monitors insurance industry practices, applauded the Washington State Office of the Insurance Commissioner for ordering the state’s largest medical malpractice insurance carrier to refund $1.3 million to doctors. Physician’s …
Max Re Ltd., has announced the following appointments in its insurance division. All appointments are still pending Bermuda Immigration approval. Angelo Guagliano has been appointed president and chief underwriting officer, insurance division. Guagliano’s responsibilities will include oversight of all underwriting …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the expansion of its Occupational Accident product offering to now include employer liability coverage for Texas employers who have opted not to provide workers’ compensation insurance …
Wind blown lead-enriched dust appears to be the primary cause of lead poisoning in children living in cities, according to a new study conducted by researchers at Indiana University-Purdue University Indianapolis, Xavier University of Louisiana and SUNY ESF (Environmental Science …
