Four former insurance agents have pleaded guilty for their role in a scheme to steal hundreds of thousands of dollars in premiums, New Jersey’s attorney general said. They are Thomas Hurd, of Bensalem, Pa., William Wolnski, of Bayville, N.J. Terrence …
Thomas Galbraith has been appointed director of Fine Art Services at Palm Beach, Fla.-based Bruce Gendelman Insurance Agency. Galbraith has many years of expertise in the art insurance marketplace. Before joining Gendelman, Galbraith served as a fine art expert for …
A trade group for insurers in New York is suing the state, claiming lawmakers are illegally using assessments paid by insurers to fund unrelated state activities. At issue is the state’s use of the so-called “332 assessments,” which are paid …
Louisiana Attorney General Buddy Caldwell filed suit in Orleans Parish against multiple Knauf entities, other international and domestic manufacturers, distributors, importers of alleged toxic Chinese drywall. Several builders were also named in the lawsuit. Caldwell’s lawsuit alleges the State of …
Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the Western Hemisphere and poor countries …
Troops and planeloads of food and medicine trickled in to Haiti Thursday to aid a traumatized nation still rattled by aftershocks from the catastrophic earthquake that flattened homes and government buildings and buried countless people. The Haitian Red Cross said …
CNA and Victor O. Schinnerer & Co., Inc. are ending their carrier and managing general underwriter relationship in the non-profit directors and officers (D&O) program. The split, which the firms said is amicable, will begin for policies effective June 1, …
Georgia Insurance Commissioner John Oxendine said that insured losses in North Georgia from the recent snow and ice storm are estimated to be about $25 million. The estimate includes damage to cars as well as homes and businesses and that …
A program to buy oft-flooded properties in Jackson County, Mississippi may be moving forward after years of delays. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and Mississippi Emergency Management Agency offered to purchase …
President Barack Obama will propose a fee Thursday to recoup from the country’s top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said. Obama will announce the plan in a statement …
