A 54-year-old business owner pleaded guilty to issuing a false certificate of insurance claiming to have workers’ compensation insurance with the New York State Insurance Fund, according to the NYSIF. NYSIF said that authorities arrested John Cappucci, of Levittown, New …
Agents in New Jersey are protesting a state proposal to require originating brokers making surplus lines placements to tell insureds they will receive a portion of the commission. The Professional Insurance Agents of New Jersey Inc. President Andrew Anderson told …
John Mavroukas was recently named vice president of Property and Casualty for The Demetriou Group of Companies in New York. He is responsible for the overall property and casualty operations of the company. Mavroukas previously served as an underwriting manager …
Mercator Risk Services, an independent wholesale insurance broker, has appointed Beth Armstrong to its expanding Southeast practice as client relationship manager. Armstrong brings more than 14 years of industry experience to the position and will be based in the company’s …
Florida Republican chief financial officer candidate Tom Lee and Democratic candidate Alex Sink presented two divergent viewpoints of the state Cabinet job they are seeking and the experience needed to accomplish its demands during a forum this week. Speaking to …
New York was the only state to see a significant drop in its number of uninsured people even as their ranks grew nationally, a new report finds. The report by the union-backed Fiscal Policy Institute found the percent of uninsured …
The Benfield group, a leading independent reinsurance and risk intermediary, announced that it has acquired the entire issued share capital of Parisco AS and its subsidiary Parisco Marine AS, the Norwegian marine and energy insurance broker. “Parisco AS will become …
The London-based Chaucer Syndicates Limited, the managing agency subsidiary of Lloyd’s insurer Chaucer Holdings PLC, has announced plans for the formation of a new Singapore-based company to underwrite Asian risks. “The proposed new company, which will initially underwrite offshore energy …
Insurance Australia Group Limited (IAG) has acquired the U.K.-based broker Hastings Insurance Services Limited, the UK’s fifth largest motor insurance broker trading under the names of Hastings Direct and Peoples Choice. Australia’s largest insurer also acquired Advantage Insurance Company Limited, …
Allianz Cornhill, one of the U.K.’s largest general insurers and part of Germany’s Allianz Group since 1986, has announced a number of developments for its business, including a change of its corporate name to Allianz Insurance plc. The changeover is …
