The Insurance Agents & Brokers Service Group held its annual meeting Oct. 17, marking a year that included the inception of the Delaware Association of Insurance Agents & Brokers Inc. into its organization. The Insurance Agents & Brokers Service Group …
ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief Financial Officer Alex Sink said …
Houston-based HCC Insurance Holdings Inc. announced James A. Lauerman has been promoted to president of HCC’s Avemco Insurance Company subsidiary. Lauerman, who previously was executive vice president-Insurance Operations and chief underwriting officer of Avemco, has been in the insurance industry …
Statistics show the number of fatal work injuries in Maryland rose to 105 last year, an increase of 10 from the year before. The figure also represents the highest annual total since the U.S. Department of Labor’s Bureau of Labor …
A.M. Best Co. has withdrawn the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a+” and assigned a category NR-5 (Not Formally Followed) to Des Moines, Iowa-based Valiant Insurance Company. “Effective October 1, 2007, Maryland Casualty …
North Carolina officials arrested two individuals on charges of insurance fraud and automobile title fraud this week. Andrea Martinez Hernandez, 33, and Octavio Telles Segura, 30, allegedly share three Elizabeth City, N.C., addresses but are believed to actually reside in …
The U.S. Geological Survey’s National Earthquake Information Center says a minor earthquake was sensed near Baltimore, Md. NEIC Geologist Angel Gutierrez says preliminary estimates put the quake at a magnitude of 1.3. He says it hit about seven miles southwest …
Maryland’s largest medical malpractice insurer should return its entire $68.6 million dividend to the state, instead of the $32.5 million it has proposed as part of its exit from a subsidy program designed to lower doctor premiums, officials with the …
Workers’ Comp, Security, Investigative Agencies Nuts & Bolts: A guaranteed cost workers’ compensation program for security guard and investigative agencies is available from The Mechanic Group. Dollars: Up to $1 million. Carrier: The Hartford rated “A+” XV by A.M. Best. …
From the executive office of the Greater New York Mutual Insurance Companies on Madison Avenue in the heart of New York City, Warren Heck, chairman and chief executive officer, can see Illinois. “It’s fantastic, unbelievable. I get very excited when …
