Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents in order to obtain substantially lower rates on …
The town of Greenwich, Connecticut has agreed to pay $887,000 to settle a racial discrimination lawsuit involving several minority police officers. Town officials revealed the terms of the settlement after the Board of Selectmen unanimously approved the deal. Insurance will …
Virginia-based Professional Governmental Underwriters Inc. has promoted Grey Lester to senior underwriter. Grey has been with PGU for nine years as a D&O/E&O specialist underwriting public officials liability, educators liability and police professional liability coverages. __ Source: Professional Professional Governmental …
A radical Greek anarchist group claimed responsibility Monday for an overnight bomb attack that damaged an insurance company headquarters in central Athens, and pledged to step up its bombing campaign. Nobody was hurt in the explosion Sunday night outside the …
Somali pirates have hijacked a UK-flagged chemical tanker in the Gulf of Aden, the first merchant vessel to be seized in the area in nearly six months, a maritime watchdog said Tuesday. Noel Choong, who heads the International Maritime Bureau’s …
A report from Munich Re confirms that losses from natural catastrophes “were far lower in 2009 than in 2008 due to the absence on the whole of major catastrophes and a very benign North Atlantic hurricane season.” However, the reinsurer …
The Arizona Insurance Council (AIC) has elected new officers for 2010. New officers are: President Brett Clausen, Arizona business unit vice president for Farm Bureau Financial Services; Vice President Kerry Hayden, government affairs representative for Farmers Insurance Group; Treasurer Tim …
Insurers contributed $30.1 billion to California’s gross state product in 2007, accounting for about 2 percent of the state’s gross domestic product, according to a new report written by the Insurance Information Institute. California has a $1.85 trillion economy that …
Construction crews never get completely used to working outside in the bitter cold. “About all you can do is dress for it,” said Kevin Bikowski, superintendent for Miron Construction at its Plexus building site downtown. “Hopefully, you can get out …
Once again, agents and brokers are wishing for a harder insurance market in the New Year. But while most agents hope for firmer insurance pricing in 2010, just slightly more than a quarter (26.9 percent) predict a harder market will …
