Monthly Archives: <span>May 2009</span>

Maine Man Gets 8 Months for Workers’ Comp Fraud

A 49-year-old Maine man who was accused of working under the table for Saco-area hotels while collecting workers’ compensation benefits has been sentenced to eight months in jail for theft by deception. Kenneth Villella, who was sentenced last week in …

Emergency Declared in West Virginia Due to Severe Flooding

Heavy rains caused flash-flooding this past weekend in southern West Virginia, closing many highways, forcing residents from their homes and prompting Gov. Joe Manchin to declare a state of emergency. Manchin’s declaration allows him to direct state resources to Boone, …

Religious Group Seeks Exemption From Georgia Auto Insurance Law

The small community of Mennonites that multiplied along a web of dirt roads in rural southeast Georgia has steadily grown the same way it does just about everything: Quietly. The community’s 100 or so members have raised their own church, …

Everest Re Names Addesso VP-CFO

The Bermuda-based Everest Re Group has appointed Dominic J. Addesso to the position of Executive Vice President and Chief Financial Officer, effective May 8, 2009. He joins Everest from Munich Re America where he held the position of President of …

CII Study Finds Growing Need for European Migrant Financial Services

“More insurance and other financial policies that apply across Europe’s national boundaries must be developed over the next five decades, as large migrant groups join the over fifties as a major market for insurance and other financial services products,” concludes …

Hemsi to Retire as Flagstone Alliance CEO

Bermuda-based Flagstone Reinsurance Holdings announced that Khader Hemsi, CEO of Flagstone Alliance Insurance & Reinsurance PLC, will retire from the company. Flagstone Alliance is a wholly-owned subsidiary of Flagstone Re. Hemsi commented: “Flagstone is a dynamic group with a lot …

Glencairn Promotes Cook to CEO

Glencairn, a company within Faber & Dumas, the third-party wholesale insurance broker created by Willis, announced the promotion of Nick Cook to Chief Executive Officer effective immediately. Previously a Director and Senior Partner of Glencairn and head of its Property …

Hawaii to Expand Insurance Fraud Unit

The Hawaii legislature has voted to expand the jurisdiction of the state’s insurance fraud unit. HB 262 will expand the authority of the insurance division’s insurance fraud investigations unit, rename the insurance fraud investigation branch to prevent, investigate and prosecute …

Professional Program Insurance Offers Beauty Shop Program

Professional Program Insurance Brokerage based in Novato, Calif., has announced the launch of a new beauty salon program on an occurrence form. The package professional and general liability program on an occurrence form with the option to include property is …

Elder Joins All Risks’ New REO/Foreclosure Property Program

Tom Elder has joined the All Risks National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will target commercial banks, credit unions, savings and …