The former chairman and CEO of the world’s largest insurer initiated a deal that led to five ex-executives being charged in a scheme to manipulate the company’s financial statements, a federal prosecutor said Monday during opening arguments at their trial …
Arkansas Insurance Commissioner Julie Benafield Bowman announced that Arkansas will receive part of the $72 million in funds and assets of Martin Frankel, who was sent to prison for insurance fraud committed in Arkansas and four other states. The Internal …
Safeco announced that Paul Chmura has joined the company as Northeast regional executive. Chmura comes to Safeco from The Hanover Insurance Group, where he served as the regional vice president of sales and distribution for the Northeast region since 2004. …
Massachusetts is facing a daunting goal as it enters the second year of its grand experiment of extending health care coverage to nearly all citizens — reining in spiraling costs that could threaten the landmark law. “The sustainability of reform …
A Somers, Conn. man has pleaded guilty to defrauding The Hartford Insurance Company of nearly $900,000 during a renovation project. Federal prosecutors say 42-year-old Todd Olynciw entered the plea Wednesday in U.S. District Court in Bridgeport and had been charged …
CarInsurance.com, which sells auto insurance over the Internet, has added more carriers to its current 28 state agency product offering. In November and December 2007, the firm expanded and now offers Encompass Insurance – Allstate and Progressive Drive in Arizona; …
New leaders tackled old issues and the region battled fire and rain. 1. No day at the beach Insurance markets for coastal properties continued to challenge insurers, agents, policymakers and property owners, despite an inactive hurricane season. For the most …
Mississippi will share in $72 million of assets seized from Martin Frankel, a former financier convicted of stealing from insurance companies, Insurance Commissioner George Dale said. Dale said the assets were seized by the FBI and the Internal Revenue Service …
Connecticut consumers dealing with the state’s insurance regulatory agency should be left feeling they were given “mints on their pillow,” according to the no-nonsense man in charge. Insurance Commissioner Thomas R. Sullivan said he is conducting a thorough review of …
The former top executive of RenaissanceRe Holdings Ltd. – who resigned during an SEC probe into his company’s accounting practices – has joined forces with another reinsurance executive to launch a new underwriting management company based in Greenwich, Conn. The …
