Calif. brothers arrested for fraud Two brothers in Woodland Hills, Calif., have been arrested and charged with felony insurance fraud, conspiracy and perjury. According to the California Department of Insurance, Masood D. Pymanee, 32, and Mahboob D. Pymanee, 30, were …
Nurseries and Tree Farms Nuts & Bolts: Advanced AFT insures trees, plants and shrubs both in the ground and in containers for property insurance excluding crops (wheat, corn etc.). Dollars: $250,000 to $10 million. Carrier: Rated “A” by A.M. Best. …
Insurance Agents E&O Program Nuts & Bolts: Brown & Brown of California Inc. – Programs Division has a new errors and omissions market designed for agents that have been in the industry three or more years, with revenues under $3 …
Hawaii, DTRIC Insurance Underwriters Hawai’i State Insurance Commissioner J.P. Schmidt announced the launch of DTRIC Insurance Underwriters Ltd. (DIU), an “A-” rated company and subsidiary of local insurance provider DTRIC Insurance. The new company will expand DTRIC’s direct commercial lines …
Cary Schneider, senior vice president of the Insurance Information Institute, was elected executive vice president by the organization’s board of directors. Schneider assumes responsibilities for directing the internal operations of the I.I.I. while continuing to manage Internet activities, provide support …
The National Interagency Fire Center has raised the national wildfire preparedness level to its highest degree to free up help from cooperating firefighting agencies at home and abroad in places such as Canada. Meanwhile, western states in particular are trying …
Calif. brothers arrested for fraud Two brothers in Woodland Hills, Calif., have been arrested and charged with felony insurance fraud, conspiracy and perjury. According to the California Department of Insurance, Masood D. Pymanee, 32, and Mahboob D. Pymanee, 30, were …
With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency force Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and casualty insurance distributed through independent agents in the country. …
Boston-based Liberty Mutual Group finalized its acquisition of Ohio Casualty Corp. on Friday, Aug. 24, 2007 and immediately announced a realignment of its $5.9 billion net premium regional agency company organization to make room for Ohio Casualty and its $1.4 …
Two former governors urged the National Governors Association to back federal legislation that would implement an optional federal charter regulatory system in the insurance industry. “The success of the insurance industry, a major revenue producer for state governments, depends on …
