California Department of Insurance General Counsel Gary M. Cohen will leave the Department on July 13 to take a position as Deputy General Counsel of Allianz of America and Chief Counsel of Fireman’s Fund Insurance Co. Commissioner Steve Poizner said …
Louisiana’s state legislative auditor said recently his investigators have been blocked in their probe of the state-backed “insurer of last resort” by the group whose staffers perform much of the insurance company’s work. Steve Theriot said his investigators have been …
Bermuda-based Hiscox Ltd. has acquired – subject to regulatory approval – ALTOHA, Inc. an insurance holding company, and its subsidiaries, including American Live Stock Insurance Company, the premier live stock insurer in the US. Hiscox also acquired Harding & Harding, …
The Legislature should have oversight of Gov. Kathleen Blanco’s plan to offer $100 million in taxpayer money to insurance companies that agree to write homeowners policies in coastal Louisiana, a Senate committee voted June 22. The Senate Finance Committee amended …
Fort Dearborn Life Insurance Co. recently announced the addition of Kim Snead to its Annuity Division as senior operations manager. In her new role, Snead is responsible for the oversight of annuity administration, including new business, customer service and model …
Massachusetts officials are suing a New York man who allegedly operated a Web site that mimicked the state’s Registry of Motor Vehicle site and misled consumers into paying a fee to download forms they could obtain for free. The attorney …
Former Arkansas insurance agent Beverly Gowan was sentenced in White County Circuit Court to 18 months detention with the Department of Community Correction for two counts of insurance fraud and one count of Theft of Property, which is a class …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ long-term debt rating to the proposed perpetual, junior subordinated, unsecured, callable notes that French insurer Groupama S.A.(rated ‘A’/Positive/) plans to issue this month for a benchmark size. The minimum expected amount …
A manufacturer of lead pigments used in paint does not have to pay to cleanup Milwaukee properties contaminated with the now-banned substance, a jury ruled Friday, June 22. The Milwaukee County Circuit jury rejected the city of Milwaukee’s claims that …
Policyholders defrauded by an insurance agent who killed herself in late March will be getting their premiums back in full, in a settlement of the largest insurance premium fraud cause in North Dakota history. Insurance Commissioner Jim Poolman on Friday, …
