Burns & Wilcox, a national specialty insurance wholesaler, underwriter and managing general agent, has appointed Michael Ehrhardt, CPCU, assistant manager in the company¹s St. Louis office. Ehrhardt joins Burns & Wilcox after serving nearly seven years as president of Gateway …
The U.S. property/casualty industry’s net gain on underwriting rose $1.4 billion, or 20.8 percent, to $8.4 billion in first-quarter 2006 from $6.9 billion in first-quarter 2005. The combined ratio — a key measure of losses and other expenses per dollar …
Fidelity National Property and Casualty Insurance Co. has received approval from the Circuit Court of Florida to purchase all of the existing flood insurance policies of Southern Family Insurance Co. through the Florida Department of Financial Services. Fidelity National Property …
North Pointe Holdings Corp. has confirmed it will be reducing its Florida commercial policy count by approximately 40 percent and its commercial insurable value by almost 70 percent, according to James Petcoff, chairman and CEO of the Southfield, Mich. based …
Two Miami-Dade County residents have been arrested for attempting to defraud the Florida Medicaid program out of more than $69,000, according to Attorney General Charlie Crist. Hortensiz I. Escoto and Ricardo Isidro Escoto have been charged with organized fraud, money …
A Des Moines, Washington woman who tearfully pleaded for her husband’s killer to come forward actually plotted his death, a crime that was staged to look like a random carjacking and left her a millionaire, King County prosecutors said Tuesday. …
Three measures awaiting approval by a key state Senate committee would undermine recent reforms that have improved California’s workers compensation system, according to Sam Sorich, president of the Association of California Insurance Companies (ACIC). Sorich said the pending bills, scheduled …
The Los Angeles chapter of the Chartered Property Casualty Underwriters Society installed new officers and directors for the 2006-2007 year. New Officers are President Eunice Downing-Jackson, Mitsui Sumitomo Marine Management; President Elect George Wallace, Wallace & Schwartz; Vice President Terri …
The Missouri Department of Insurance has extended Travelers Commercial Casualty Company’s contract as the insurer for the Missouri Alternative Residual Market Plan. As part of that extension, Travelers filed a revised rate structure with the department that includes a premium …
The Chicago Mercantile Exchange has announced that weather derivatives could be an important growth area and hopes to launch new products to tap into demand for hedges against weather-related risk. “It’s our view that weather risk is no different than …
