Andrew J. Lorin has joined the law firm Drinker Biddle & Reath as a partner in its insurance practice. Lorin, who will be based in the firm’s downtown New York office, most recently served as general counsel of the New …
Californians for Fair Auto Insurance Rates has gained enough support to place a voter initiative on the June 8, 2010 ballot, aimed at rewarding drivers who have had insurance for some time to be eligible for a “persistency discount,” even …
Liberty International Underwriters (LIU), a division of Liberty Mutual Group, restructured its U.S. Specialty Casualty unit. The following organizational changes are effective immediately: Carl Pursiano has been named chief underwriting officer, U.S. specialty casualty and senior vice president. In this …
Texas-based retail insurance and managing general agency, The Woodlands Financial Group Inc. (TWFG), has opened six additional branch locations. A new office in Houston is led by Jerome Magana, who has more than 17 years’ experience in the insurance industry. …
U.S. lawmakers challenged Treasury Secretary Timothy Geithner’s credibility on Wednesday after he said he was not involved in a decision by bailed-out insurer AIG to withhold details about $62 billion paid to banks. Geithner held his ground at a hearing, …
Wall Street executives welcomed U.S. President Barack Obama’s plan to create jobs and a softening of his attack on banks, but questioned on Thursday whether proposals in his State of the Union address would become law. Obama pushed job creation …
The Montana state auditor’s office has reached a settlement with an employee who left the office last year after accusing Deputy Auditor Walt Schweitzer of illegally soliciting political contributions from co-workers. Under the agreement with Auditor Monica Lindeen, Laura McGee …
A.M. Best Co. has assigned a financial strength rating of B+ (Good) and an issuer credit rating of “bbb-” to Ellington Mutual Insurance Company (Ellington) of Hortonville, Wis. The outlook assigned to both ratings is stable. The ratings reflect Ellington’s …
Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in Reykjavik were searched by …
The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the KID Anti-fraud Division provided federal authorities with …
