Menlo Park, Calif.-based Pacific Specialty Insurance Company (PSIC) has appointed David L. Sacks vice president of corporate risk and finance. Sacks, who had served as PSIC chief financial officer, will be responsible for enterprise-wide risk management, including long-term financial planning …
A director and part owner of Hillcrest Insurance Co. in Gainesville has been ordered to return $600,000 in policyholders’ money he used in February 2009 to buy stock in a bank he founded and part owned. Florida Insurance Commissioner Kevin …
New York-based insurer Kingstone Cos. has extended the employment contract with Barry Goldstein, its president and CEO since 2001. The amendment extends his tenure through 2014 and grants him 50,000 shares of common stock along with options to purchase an …
California Insurance Commissioner Steve Poizner announced that 460 insurers have agreed in writing to a moratorium on future investments in 50 companies identified by the California Department of Insurance (CDI) to be doing business with the Iranian energy, nuclear and …
Kentucky’s major workers’ compensation insurance carrier has decided to return some of its surplus to policyholders. The decision comes after several weeks of political pressure. Earlier this month, Gov. Steve Beshear asked the insurer to consider returning some of its …
A listing crane struck the side of a 25-story building near Wall Street on Saturday, sending debris cascading to the ground, disrupting traffic and leading to evacuations at five buildings. There were no injuries reported after the crane hit a …
Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. announced that Marian Szefler has joined the company as senior vice president of software architecture. Szefler will manage the overall re-architecture project and help to enhance further the current product development processes …
A jury has awarded a Massachusetts couple $1.6 million in a malpractice lawsuit over the death of their son on a college basketball court. Antwoine Key, a 22-year-old senior at Eastern Connecticut State University, collapsed during a game at Worcester …
Forecasters say flooding is likely in some areas in Massachusetts with prolonged downpours today and tomorrow. Rainfall totals could be 2-1/2 to 5 inches, with some areas getting more. Alan Dunham of the weather service says any rain over 2 …
Heffernan Insurance Brokers announced that Simonne de Villiers has joined the firm’s Chesterfield, Mo., office as a benefits specialist. Heffernan is a full-service insurance brokerage in the St. Louis and Metro East Illinois areas, offering property and casualty, and life …
