Glenn Jennings, who once headed the Kentucky Office of Insurance (KOI) on an acting basis, has been appointed executive director of the agency. Jennings, of Lawrenceburg, replaces Martin J. Koetters, who resigned Tuesday. Jennings was acting executive director of KOI …
Nearly half of large and mid-sized U.S. businesses obtained insurance to cover property terrorism risks during 2004, a dramatic increase from the 2003 average of 27 percent. Meanwhile, the cost of property terrorism insurance in 2004 was unchanged from 2003, …
The American Agents Alliance reported that SB 938 (Dunn) was heard and defeated in the Senate Banking, Finance and Insurance Committee yesterday by a 2-5 vote. The bill, which the Alliance and other insurance trade groups adamantly opposed, would have …
The following statement was released by Dan Dunmoyer, president of the Personal Insurance Federation of California, in response to comments made by California State Treasurer Phil Angelides at the California Earthquake Authority board meeting. The Personal Insurance Federation of California …
The Hartford Financial Services Group Inc. set a new quarterly record with net income of $666 million, or $2.21 per diluted share, in the first quarter of 2005, a 17-percent increase over the prior-year period. Net income in the current …
Bruce Howson, president and CEO of Intendant Holding Corporation (“IHC”), announced that the Florida Department of Financial Services has issued a license to operate to IHC’s reinsurance brokerage subsidiary King’s Bay Reinsurance Intermediaries Inc. (KBRe). KBRe and King’s Bay Insurance …
More than 100 independent insurance agents are expected to visit the North Carolina capitol during the May 16-17 Agency Management and Technology Conference sponsored by the Independent Insurance Agents of North Carolina at the McKimmon Center in Raleigh. “This year’s …
Fireman’s Fund Insurance Company is awarding fire agencies throughout the Chicagoland area with more than $500,000 in grants and donations for firefighting equipment, firefighter training, community fire safety education, fire safety tools and community emergency response programs. In response to …
Martin J. Koetters, a veteran insurance industry executive appointed to lead the Kentucky Office of Insurance last summer, has left the job suddenly and without explanation. Koetters’ departure was revealed Thursday in a brief release announcing his replacement, who will …
Ten Thai nationals were arrested in California for allegedly participating in a car theft ring that caused $10 million (euro7.7 million) in losses to dealerships and insurances, police said. The suspects were arrested for investigation of embezzlement and auto theft, …
