Lockton Companies, an independently owned insurance broker, has appointed Kerry Martin to the post of vice president, Commercial Insurance Division. Martin will focus on client development and will be based in Chicago. During Martin’s 16-year career, he has held many …
The Property Casualty Insurers Association of America (PCI) is seeking amendments to Nevada legislation that would affect the availability of mechanical data recorded by newer model cars just prior to accidents. “We believe this data should be made available to …
Insurance Commissioner John Garamendi has approved a -4.2 percent reduction in personal auto policy rates for “loyal” State Farm customers, a savings of more than $110 million for those policyholders. The Commissioner expedited his review of the proposed reduction in …
Abram Interstate recently enhanced their operations, offering agents new technology through the availability of ZapApp, a data-based application transfer system through FSC, a comparative rating system. Abram’s Non-admitted Homeowners and Dwelling Fire program, underwritten by Underwriters at Lloyds of London, …
The compensation committee of the board of directors of Chicago-based Aon Corp. as approved a grant of stock options and restricted stock units for its new president and CEO, Gregory C. Case. Case will receive: restricted stock units in the …
Wachovia Corporation, the nation’s fourth largest bank holding company, has entered into a definitive agreement to acquire Palmer & Cay Inc., the 15th largest insurance brokerage and benefits consulting firm in the United States. The 137-year-old Savannah-based Palmer & Cay …
Louisiana Attorney General Charles C. Foti, Jr. announced that Leo Vincent Jacob of Covington, La., has pled guilty to six counts of filing false public records in a criminal scheme that involved hundreds of insurance agents across Louisiana. Over the …
Insurance companies in Texas overcharged homeowners and drivers by $4 billion last year despite recent legislation designed to limit rising rates, according to a report released recently by two state consumer groups. The report by the Center for Economic Justice …
A measure correcting some flaws in last year’s medical malpractice reform legislation in Maryland, the subject of an emergency legislative session, has been allowed to go into effect by Gov. Robert Ehrlich. The corrective measure enables Maryland doctors to get …
OneBeacon Insurance, a wholly owned subsidiary of White Mountains Insurance Group, Ltd., has begun offering Virginia small businesses its property casualty OnePac product. Virginia joins California, Illinois, North Carolina, Oregon, Pennsylvania, and Washington, as well as Washington D.C., as new …
