News

Former Calif. State Fund President Moves To Zenith National Insurance

Woodland Hills, Calif.-based Zenith National Insurance Corp. announced that on March 15, 2010, Janet Frank will be joining it as president and chief operating officer of the company’s principal operating subsidiary, Zenith Insurance Co. She will also be an executive …

EU Trade Commissioner-Designate ‘Unsure’ over Doha Conclusion in 2010

The European Union’s trade commissioner-designate said on Tuesday he was unsure whether the Doha round of global trade talks would be concluded this year or in 2011. “I’m personally confident that we are going to conclude the Doha round — …

Farmers to Reduce Rates for Family Home Policy in Texas

The Texas Department of Insurance, the Office of Public Insurance Counsel and Farmers Insurance Company have reached a settlement in a dispute over a homeowners insurance rate increase filed by Farmers in June 2009. Farmers had filed a 9.8 percent …

The Seltzer Group Hires DeMedio

The Seltzer Group, specialists in insurance services, has hired insurance professional Gregory DeMedio as part of its expansion in suburban Philadelphia. DeMedio, who is an 18-year veteran of the insurance industry, co-founded the insurance agency Collegeville Financial Group. He will …

Missouri AG: Workers’ Comp Fraud Collections Spike in 2009

Missouri Attorney General Chris Koster reported that his office saw a dramatic increase in the amount of collections and convictions for workers’ compensation fraud and for noncompliance with mandatory workers’ compensation insurance coverage in 2009. According to Koster, his office …

Greenberg Urges U.S. Stake in AIG Below 20% to Attract Capital

Former AIG chief Maurice “Hank” Greenberg is campaigning for the U.S. government to cut its stake in the insurer to less than 20 percent, saying this would attract new capital to AIG and help taxpayers fully recoup bailout money it …

U.S. Senator Urges SEC to Probe N.Y. Fed Over AIG E-mails

U.S. regulators should investigate whether laws were violated when the New York Federal Reserve Bank urged insurer American International Group Inc. to limit discussions about payments to banks, a Republican member of the Senate Banking Committee said Tuesday. Republican Sen. …

Best Reports Reinsurers See Orderly, but Soft, January Renewals

January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009, according to the latest issue of BestWeek U.S./Canada. The three largest global reinsurance brokers — Aon Benfield, Guy …

Fenster Named Director of New York Workers’ Comp Board

Jeffrey R. Fenster has been appointed executive director of the New York Workers’ Compensation Board. Prior to joining the board, Fenster served as a litigation associate with the New York law firm of Stroock & Stroock & Lavan, where he …

Arc Legal Dominates Irish Motorcycle Market with AXA Ireland Deal

Arc Legal Assistance (Arc Legal), the official legal expenses provider, now provides Motor Legal Expenses Insurance (MLEI) to 90 percent of insured motorcycles in Ireland following its appointment by AXA Insurance Ireland as provider on all its motor bike policies. …

News Archives by Month