Banks increased their 2004 insurance brokerage fee income by 22.2 percent from $2.97 billion in 2003 to a record $3.63 billion earned in 2004, according to Michael White’s 2004 Year-End Bank Insurance & Investment Fee Income Reports. The 2004 report, …
An apprentice technician who received burns on 60 percent of his body after an electrical explosion, settled a lawsuit this week against engineering contract firm Fluor Corp. and technology powerhouse IBM Corp. Fluor’s insurance companies will pay $9.5 million in …
Fireman’s Fund Insurance Company announced that it will provide Identity Theft Restoration Services nationally, offering customers access to a personal counselor who can help identity theft victims with the legal and logistical burden of putting their lives back together. This …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, has created the ACE Logistics Industry Practice. This specialized practice will focus on providing comprehensive insurance coverage and solutions to the logistics industry, targeting domestic and multinational …
The Citizens and Hanover Insurance Companies announced that Debra Richardson has been named regional vice president of The Hanover Insurance Company’s Texas region. In this capacity, Richardson will be responsible for all aspects of commercial lines underwriting, distribution, marketing and …
Texas Mutual Insurance Company reported that RBH Enterprises Inc. of Keller, Texas, recently pleaded guilty to a first-degree felony offense for workers’ compensation insurance fraud-related charges. Judge Julie Kocurek of the 390th Travis County District Court ordered the company to …
Legislation that would require repeat drunken drivers to have alcohol detection devices installed in their vehicles before they could regain their driver’s licenses has cleared the House and now awaits action in the Oklahoma Senate. House Bill 1304, by Rep. …
The Securities and Exchange Commission has sent subpoenas to as many as 12 executives at American International Group Inc. amid several probes into whether questionable accounting transactions were used to improperly bolster AIG’s financial standing, according to a Wall Street …
The Domestic Brokerage Group of the AIG Companies announced the formation of AIG Real Estate Solutions, a consolidated unit dedicated to serving the insurance and risk management needs of the real estate sector, including Real Estate Investment Trusts (REITs), fiduciaries …
Three more town hall meetings have been scheduled in Fort Pierce, Jupiter/Palm Beach Gardens, and Lakeland/Bartow, Fla. by CFO Tom Gallagher. The Fort Pierce meeting is scheduled April 2, 9 a.m.-noon in the Lincoln Park Academy Auditorium. Treasure Coast residents …
