American International Group Inc. realized a loss of up to $2 billion last year as its Financial Products unit ended most of its remaining trades with Goldman Sachs Group Inc., a source familiar with the matter said on Sunday. AIG …
Workers’ compensation reforms enacted in Tennessee in 2004 have helped reduce costs in certain specific areas of the workers’ compensation system. The reform provisions related to permanent partial disability (PPD) or lump-sum payments had a large and sustained impact on …
Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that Craig Thomson will be joining its principal operating subsidiary, Zenith Insurance Co., as executive vice president. He will be responsible for building and leading Zenith’s non-workers’ compensation property and casualty operation …
Jennifer Hetzel, a broker at AmWins Group Inc., has been named the 2008 – 2009 Region VIII Rookie of the Year. Hetzel is a member of the San Diego Insurance Women, a local affiliate of the National Association of Insurance …
Chartis will now offer storage of electronic personal health records to clients worldwide through a strategic alliance with MMR Information Systems. The Chartis insurers will initially offer this access to electronic personal health records to accident and health policyholders but …
Florida insurance regulators have ordered two firms to stop selling unauthorized surety insurance. The Office of Insurance Regulation (OIR) issued an order to Infinity Surety Co., Infinity Surety Agency and its president George D. Black, Sr. with home offices in …
AmWINS Group, Inc. and Colemont Insurance Brokers today announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with over 1,800 employees in 16 countries worldwide. Terms of …
Itasca, Ill.-based Arthur J. Gallagher Risk Management Services Inc. (AJGRMS), the retail property/casualty (P/C) insurance brokerage division of Arthur J. Gallagher & Co. (Gallagher), has hired William Zanoni as a senior vice president in the Midwest Region. Zanoni will supplement …
The Michigan Senate recently advanced a bill to make it more difficult for outsiders to take over the domestic insurer Fremont Michigan InsurCorp. The measure, which passed the Senate 27-10 and was sent to the House Insurance Committee, is a …
The Connecticut Insurance Department has fined four GEICO subsidiaries a total of $177,500 for improper rating, claim delays and the use of unlicensed adjusters among other violations. The total fine is a result of smaller fines assessed to four subsidiary …
