A Baton Rouge, La., insurance agent has been arrested, served with a cease and desist order, summary suspension order and fine notice for alleged fraud. Henry Leo Beard, Jr., 36, was arrested by agents with the Louisiana Attorney General’s office …
Chicago-based Specialty Underwriters’ Alliance Inc. has amended its Partner Agent Program Agreements with its three largest Partner Agents – Risk Transfer Programs LLC (RTP); American Team Managers Insurance Services Inc. (ATM) and AEON Insurance Group Inc. (AEON), which will extend …
Houston-based insurance agency Bowen, Miclette & Britt has named Dan Persha as director of Environmental Risk Management. With 30 years of commercial insurance brokerage experience, Persha specializes in heavy casualty, energy and environmental services placements. Paul Cerone, chief operating officer …
Eight months after North Dakota voters gave Gov. John Hoeven the final word on state workers’ compensation rates, employers’ insurance bills are likely to rise as a consequence of the recent bleak market for investments. Hoeven said he has adopted …
Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an agreement with the private equity …
The impact of the financial crisis is the most significant risk facing the insurance industry, according to a new report by Ernst & Young. In its second annual business risk report – insurance 2009, model risk and regulatory intervention rank …
A provision that would release future owners of General Motors for product liability on cars sold prior to the company’s bankruptcy is being challenged by the attorneys general of eight states. GM’s bankruptcy filing, now working its way through a …
A.M. Best Co. has affirmed the issuer credit rating (ICR) of “bbb” and the unsecured debt ratings of Toronto-based Fairfax Financial Holdings Limited, as well as the financial strength ratings (FSR) of ‘A’ (Excellent) and ICRs of “a” of New …
XL Insurance has appointed Tracy Ann Kiffer as assistant vice president and senior underwriter for Excess Liability in its Marine & Offshore Energy unit in New York She joins XL from ACE Marine in New York where she oversaw a …
A 4-story building that housed a bar and apartments collapsed Sunday night in Brooklyn, leaving four people with minor injuries and leading to the evacuation of six adjacent buildings. The city’s Fire Department says the four who were injured were …
