With the alleged fraud at giant insurer American International Group (AIG) resulting in losses to the State’s pension funds of more than $400 million since Feb. 14 when it was announced that AIG had received subpoenas from the U.S. Securities …
John Rogan, a Florida insurance executive with senior management experience in the company and agency sides of the business, has been elected president and CEO of Sunshine State Insurance Company (SSIC), John Lombardo, board chairman, announced. Lombardo also reported the …
Maggie Lopez has been named senior vice president-Marketing at Uni-Ter Underwriting Management Corporation (UUMC), a Georgia-based provider of professional liability insurance to the health care industry. Lopez brings more than 25 years of experience in professional liability insurance to Uni-Ter. …
The Personal Insurance Federation of California announced that Rex Frazier, former California deputy insurance commissioner for policy and research and chief of the Legislative Bureau, has joined PIFC as vice president and general counsel. As deputy insurance commissioner for policy …
Think faster cars are involved in more crashes? You’re not alone. According to a recent phone survey of 1,000 people, one-third say that those who drive higher horsepower vehicles are involved in more frequent crashes. Well, it’s just not true …
Six Chatham and Randolph County, N.C. residents suspected of masterminding an extensive auto insurance fraud ring which staged an estimated 480 auto crashes and defrauded more than $2 million have been arrested as the result of an investigation launched by …
In its fourth annual issue of topics: annual review of North American catastrophes, American Re is reviewing the major natural catastrophes of 2004, assesses their impact on the insurance industry, and identifies lessons that can be learned from these events. …
The CPCU Society’s 2004-2005 president, Donald Hurzeler will speak at the Society of Insurance Research’s 2005 Spring Workshops in Chicago, Wednesday, May 11. The day will have two workshops that attendees can choose from: “The Ins and Outs of Competitor …
ArcroSoft Corp. of Columbia, S.C. has joined in an alliance with Kanbay Inc., a wholly-owned subsidiary of Kanbay International Inc. a global IT services firm. The agreement enables both companies to jointly market software and IT services to international insurance …
Benefiting from a rare profit on underwriting and investment gains, the U.S. property/casualty insurance industry’s net income after taxes rose 29 percent to a record $38.7 billion in 2004 from $30 billion in 2003. Reflecting the industry’s income and unrealized …
