A New York judge on Monday approved a plan to liquidate the long-insolvent Executive Life Insurance Co of New York and pay out most of the money owed to beneficiaries under the company’s life insurance policies. The plan proposed by …
Work At Home Vintage Employees LLC (WAHVE), a New York City-based company that provides domestic remote staffing services for insurance firms, appointed Frank Sentner as chief operating officer. Previously, Sentner was director of strategic technology at the Council of Insurance …
A.I.M Mutual Insurance Companies, a workers’ compensation insurer based in Burlington, Mass., appointed Glenn MacDonald as financial analyst. In his new role, MacDonald will be responsible for a wide range of financial issues, including forecasting, planning and expense management. Prior …
Wholesale insurance broker AmWINS Group Inc. announced today that its management and employee shareholders have agreed on a $1.3 billion recapitalization with private equity firm New Mountain Capital of New York. Other terms of the transaction were not disclosed. “This …
A group of 70 volunteers from Michigan recently installed floors and insulation and did a myriad of repairs to five tornado-damaged houses in Pleasant Grove and Birmingham’s Pratt City community. The group was made up of high school students and …
The phrase “Go west young man,” may not apply so well to the insurance industry in the nation’s most populous state. An examination of Bureau of Labor Statistics and Economic Development Department data for California shows hiring for the insurance …
Nearly three in four corporate risk managers are not buying insurance policies to cover data breaches and damage to customers’ privacy despite the rising threat of hacking, according to a survey released on Monday. Not only are most North American …
A vast majority of corporate risk managers at U.S. companies are taking steps to prepare for a hardening property/casualty (P/C) insurance market. Professional services company Towers Watson’s annual survey also found that while enterprise risk management (ERM) programs are in …
Hastings Mutual Insurance Co., a property/casualty insurance carrier based in Hastings, Mich., appointed Renee Beauford as the company’s new vice president of Claims. Specializing in claims management, Beauford brings more than 20 years of insurance industry experience to the Hastings …
The television was tuned to forecasters’ dire warnings of an impending storm when Greg Tomlyanobich heard a short burst from a tornado siren blare after midnight on April 15. Then silence. Then rumbling. The 52-year-old quickly grabbed his wife and …
