Texas-based risk management, executive compensation and benefits and corporate governance firm, NIP Inc., has acquired Retirement Capital Group (RCG), an executive compensation and benefit plan provider headquartered in San Diego, Calif. RCG, founded in 2002 by William MacDonald, has additional …
Marsh’s London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and gaming (gambling) organizations. The new product, created by Marsh’s Financial and Professional (FINPRO) Practice in London, is available …
The Hanalei community on Kauai was hit with 13 inches of rain in 24 hours last week, and bore the brunt of the storm’s flood damage. County officials say it will cost $500,000 to repair a pipeline that brings water …
The Bermuda-based Max Capital Group has appointed David Kalainoff as President of Reinsurance Operations. He joined Max in 2003, most recently serving as Managing Director Reinsurance and Executive Vice President and Chief Underwriting Officer, Casualty Reinsurance of Max Bermuda. Kalainoff …
The former bookkeeper for a Pittsburgh insurance agency has pleaded guilty to mail fraud for stealing more than $432,000 from the business. Federal prosecutors say 45-year-old Debrah Wenig, of Pittsburgh, was one of two people needed to sign checks for …
An Illinois insurance executive accused of secretly making nude videos of ESPN reporter Erin Andrews pled not guilty during his arraignment in a Los Angeles federal courtroom on Monday. Michael Barrett is charged with one count of interstate stalking. The …
Virginia regulators are seeking to suspend the nation’s oldest black-owned insurer from doing business in the state, saying its finances are in hazardous condition. The Virginia State Corporation Commission said that the North Carolina Mutual Life Insurance’s surplus dropped by …
State insurance regulators have expressed support for recent changes to proposed legislation creating a Federal Insurance Office (FIO). In a letter to the House Financial Services Committee, the National Association of Insurance Commissioners (NAIC) said amendments to the Federal Insurance …
Louisiana Commissioner of Insurance Jim Donelon says homeowners whose properties are contaminated with defective Chinese drywall and who have been covered for more than three years by their homeowners insurer have the right to continue their coverage while vacating and …
Michigan officials have ordered a Northville insurance agency, Henrickson Hoppens Agency, to immediately close down, accusing it of selling insurance and issuing insurance certificates without a license. The order extends to agents Germaine and Stephen Hoppens, whose licenses had been …
