$72 Million The value of assets seized from Martin Frankel, a former financier convicted of stealing from insurance companies. Outgoing Mississippi Insurance Commissioner George Dale said the assets were seized by the FBI and the Internal Revenue Service as a …
Commerce Bancorp Cherry Hill, N.J.-based Commerce Bancorp Inc. completed the sale of its insurance brokerage business, Commerce Insurance Services, to a private group led by two of the brokerage’s key executives. The sale includes the commercial property casualty, employee benefits, …
The Travelers Cos. Inc. will pay $6 million to settle investigations in nine states and the District of Columbia over how it paid brokers. The St. Paul-based company said it had reached agreements with attorneys general in Michigan, Florida, Hawaii, …
A new National Association of Insurance Commissioners’ (NAIC) report shows Ohio homeowners and most Midwestern states pay some of the lowest homeowners’ insurance rates in the nation. The Ohio Department of Insurance announced that new figures from the NAIC show …
It’s not all cheese and football in the dairy land of Wisconsin. Insurance Commissioner Sean Dilweg has had important issues thrust in front of him in his one short year as commissioner. He has been working with staff, consumers, agents …
S.D. agent sent to prison for 20 years for insurance fraud A former Sioux Falls, S.D. insurance agent convicted of embezzling money from two clients in nursing homes has been sent to prison for 20 years. Paul Wentzlaff, 46, pleaded …
A federal judge ruled that American Family Insurance is not obligated to cover John Jason McLaughlin in the wrongful death lawsuit filed against him by the parents of the two Rocori, Minn., students he killed in 2003. Attorneys for the …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Jewelers Block Nuts & Bolts: Jewelers Block is offering coverage including retail, wholesale and manufacturing …
32 Despite a decline in fatal accidents, federal statistics show 2007 was the second deadliest year since 2002 for U.S. coal miners. According to the Mine Safety and Health Administration, 32 miners died on the job last year, including eight …
Assurex Global, a worldwide network of independent insurance brokers, named its newest and 52nd chairman of the board. Bill Jeatran, chief executive officer of RJF Agencies, Minneapolis, Minn., succeeds Paul J. Hering, who is the managing principal and CEO of …
