Bermuda-based Max Re Capital Ltd. announced that its Audit and Risk Management Committee has “reopened its previously announced internal investigation with respect to two of the three contracts originally in question and has contacted the Securities and Exchange Commission. The …
Three suspects in connection with a workers’ compensation premium fraud investigation conducted by the California Department of Insurance (CDI), Fraud Division have been arrested. A felony complaint was issued by the Los Angeles County District Attorney’s Office charging Gad Leshem, …
The former chief executive of MassMutual Financial Group was wrongfully fired a year and a half ago and is entitled to financial compensation that could be worth as much as $50 million, according to an arbitration decision. The decision, reached …
BMS, the parent company to the North American based reinsurance intermediary, BMS Vision Re, announced that Alexander Johnston will become non-executive chairman of the Group on the Jan. 1, 2007, following the retirement of Graham McKean, one of the original …
Tennessee officials have pulled the insurance and securities licenses of the chief executive officer of a benefits company, claiming he held money for various clients and cannot account for those funds. Tennessee Department of Commerce and Insurance Commissioner Paula A. …
Tom Rodell, resident managing director of Aon Risk Services of San Francisco, has been named the 2007 chairman of The Council of Insurance Agents & Brokers, the first person to serve twice in the key leadership position. Rodell was elected …
Addison, Texas-based Affirmative Insurance Holdings Inc. announced that Kevin Callahan has been appointed chief executive officer. Callahan joined Affirmative as chairman of its Board of Directors in November 2005 and has been serving as the company’s interim CEO since that …
The Independent Insurance Agents and Brokers of New Jersey (the Big “I”) swore in new officers at its 113th Annual Conference recently. Brian F. Durkin of the Durkin Agency in Englewood and Ramsey was sworn in as chairman of the …
Citizens Property Insurance Corp. announced the resignation of President and Executive Director Robert L. Ricker effective Nov. 1. Ricker, who has headed Citizens for the past three years, tendered his voluntary resignation at a recent meeting of the Citizens board …
Citizens Property Insurance Corp. announced the resignation of President and Executive Director Robert L. Ricker effective Nov. 1. Ricker, who has headed Citizens for the past three years, tendered his voluntary resignation at a recent meeting of the Citizens board …
