General Electric Co. likely will sell all of its remaining insurance operations, which include Kansas City-based GE Insurance Solutions, the local company’s chief executive told Bloomberg News. Bloomberg reported the comments of Ron Pressman, head of GE Insurance Solutions, from …
GE Insurance Solutions COO Richard Smith has left the company to become chairman-elect and CEO of Equifax Inc. Smith, 45, will succeed Thomas Chapman, who will retire at the end of the year. Smith worked at General Electric Co. for …
Diederich Insurance Agency of Carbondale, Ill. today announced the holdings acquisition of Doctors’ Financial Group, Inc. of Denver, Colo. Terms of the transaction were not disclosed. Doctors’ Financial Group, Inc. offers medical professional liability services for their physician and surgery …
The ReAdvisory group of Carvill released a white paper that says current catastrophe models under-represent the risks of tornadoes, hail and straight-line wind storms generated by severe thunderstorms. The paper suggests that this poses a significant risk to the insurance …
Engle Martin & Associates Inc., an independent loss adjustment firm, will expand its Western and Midwestern presence with the opening of two new offices in Las Vegas and Kansas City. Officially located at 1489 W Warm Springs Rd., Ste 110, …
A grand jury in Greensboro, N.C., has indicted Steven E. Edwards on 21 counts of fraud, money laundering, tax evasion and stealing $3.8 million earmarked for health and workers’ compensation insurance from three employee-leasing businesses. According to a news release …
Nuts & Bolts: Kansas City-based underwriting manager and claims administrator Euclid Managers LLC launched ProtoType, an insurance product for manufacturers. The product features errors and omissions, Web site protection, security coverage, copyright and trademark infringement, defamation, privacy and other personal …
This recurring feature examines insurance coverage decisions in the Midwest’s appellate courts, as compiled by the New York-based law firm of Goldberg Segalla LLC and edited by insurance lawyer Kevin T. Merriman (kmerriman@goldbergsegalla.com). Hemocleanse Inc. v. Philadelphia Indemnity Insurance Company …
The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S. states, NAGLO focuses on sharing information and developing policy …
A recently released study from the National Association of Insurance Commissioners (NAIC) points out that Missouri med-mal insurers paid out much less in claims in 2004 to state doctors, yet premiums continue to rise-growing 8.4 percent as direct losses fell …
