The insurance industry does not think the emerging scandal over backdating of stock options will reach a point where it will pose a major claims problem for insurers of directors and officers. “If it were a problem, D&O rates wouldn’t …
Trying to keep a lid on rising commercial insurance costs along the Gulf Coast, the Mississippi House approved a bill Wednesday to put $30 million into the wind pool program. The House vote was 119-1. The proposal moves to the …
The federal government should join the state of Massachusetts in enacting universal health coverage, according to Sen. Edward Kennedy, D- Mass., the new chairman of the Senate committee with jurisdiction over numerous health issues. Kennedy’s home state is the first …
A federal judge on Wednesday ordered into mediation dozens of lawsuits policyholders filed against insurance companies after Hurricane Katrina. Several of the cases sent to mediation, which accuse the insurance companies of denying their claims, are involved in recent settlement …
Grass Valley, Calif.-based Networked Insurance Agents has appointed Greg Arca territorial sales vice president, in San Francisco, San Mateo, Santa Clara, Santa Cruz, Marin, Sonoma and Mendocino counties. Arca steps into the California north coast territory previously managed by Donna …
A two-year undercover sting operation by the Los Angeles County District Attorney’s office has resulted in 101 indictments, of which 88 have been arrested to date. Following a tip from a confidential informant, an investigation was launched in September 2004 …
Joanne Kearbey has been promoted to manager in the insurance and reinsurance services practice at Brown Smith Wallace, a company statement said. Kearbey’s new role as manager recognizes her more than seven years expertise in the insurance and tax industry. …
An Espanola, N.M., insurance agent accused of bilking clients out of thousands of dollars has been put on probation for three years and ordered to perform 300 hours of community service. Dennis O’Brien pleaded no contest Nov. 22 to charges …
Oklahoma’s first earthquake of 2007 rattles two small southeastern towns, authorities said. No damage or injuries were reported when the 2.5 temblor hit the western Coal County communities of Tupelo and Clarita about 3:46 p.m. Jan. 8, the Oklahoma Geological …
Arrowhead General Insurance Agency, San Diego, is offering a homeowners (HO3) market in Arizona and Washington. Coverage is being provided by an admitted “A” rated carrier. Policy limits include maximum coverage A of $750,000 in Arizona and maximum coverage A …
