Texas Attorney General Greg Abbott on Monday signed a settlement that ensures refunds totaling up to $10 million to Texans who unknowingly purchased vehicles that were previously damaged and deemed total losses by State Farm Mutual Automobile Insurance Co. The …
Standard & Poor’s Ratings Services came down a bit harder on ACE Limited’s ratings than A.M. Best following the announcement that the company would increase its reserves for asbestos and environmental claims by $298 million (See IJ Website Jan. 6). …
Just as the disaster that struck 12 countries around the Indian Ocean was unprecedented, so too has been the response from around the world to the calls for help. Private citizens, companies and the World Bank have already collected over …
As the scope of the disaster that struck 11 countries in the Indian Ocean continues to emerge, the world’s nations are beginning to gear up for what will undoubtedly be the largest collective relief effort ever mounted. The precise death …
Ken Nigohosian The American Agents Alliance Board of Governors announced the selection of Ken Nigohosian as the association’s new executive director. He has worked for Safeco Insurance for 25 years. He began his career as Safeco’s personal lines manager in …
Bradley Darr Atlanta-based Beecher Carlson Holdings, Inc.has announced the appointments of Bradley Darr as senior vice president and Jeffrey Smith as a managing director responsible for large account sales and recruitment of talent. Jeffrey Smith Darr has 25 years of …
Nonprofits’ Insurance Alliance of California (NIAC), a nonprofit, charitable risk pool specializing in 501(c)(3) nonprofit organizations, recently celebrated its 15th anniversary. NIAC, based in Santa Cruz, Calif., offers liability insurance to nonprofit entities of all sizes and estimates that it …
New York-based Willis Group Holdings has appointed Arlene Corsetti as executive vice president, regional executive officer to lead the Western Region encompassing Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington. She also assumes the role of Willis’ healthcare practice leader …
A former Indianapolis insurance executive who fled to Central America has been indicted for what federal prosecutors said Thursday was a $3 million fraud scheme. The indictment against James R. Harrold, 61, was returned Wednesday, with charges including mail fraud, …
Omaha, Neb.-based workers’ compensation carrier FirstComp Insurance Co. has landed a spot Inc. magazine’s 23rd annual list of the 500 fastest-growing private companies in the country. FirstComp, which serves small- and medium-sized businesses through independent agencies, was awarded its first-ever …
