October 25, 2004
William Hickey Chicago-based insurance industry investment banker Cochran, Caronia & Co. has named William Hickey its chief operating officer. Hickey is responsible for spearheading the firm’s strategic planning initiatives and overseeing all facets of operations. He leads the firm’s recruiting, …
October 25, 2004
F. Michael Crowley F. Michael Crowley has been appointed executive vice president and national director for property casualty by the board of directors of Hilb Rogal & Hobbs Co. (HRH), an insurance brokerage company servicing middle market and risk management …
October 25, 2004
Delaware Valley Underwriting Agency, Inc. (DVUA) is expanding into the New England area with the purchase of the assets of Zimmerman Specialty Insurance Brokerage, Inc. of Natick, Mass. by its parent, PIC Holdings. Zimmerman Specialty is an excess and surplus …
October 25, 2004
Between now and the next time Insurance Journal publishes, Americans will have made their choice for president. Judging from the last national election, the polls will have closed but the counting of the votes might still be underway. With the …
October 25, 2004
Maryland Sen. Alex Mooney (R-Frederick) fought a ticket for running a red light last year despite film showing his car blowing through an intersection. A judge accepted proof that a car thief, not Mooney, was behind the wheel. But Mooney …
October 25, 2004
The New York Supreme Court recently affirmed the position of Rhode Island regulators that decisions on policy cancellations involving a rehabilitating insurer must be handled within their state rehabilitation court and not by the New York Department of Insurance or …
October 23, 2004
North Carolina Insurance Commissioner Jim Long showed Friday just how high he would go to get re-elected. He climbed to the top of the New Bern Fire and Rescue Department’s 40-foot training tower during a campaign stop, which included a …
October 21, 2004
State insurance commissioners in the southeast and across the U.S. consulted with each other during a conference call and will soon form a steering committee to coordinate a multi-state effort to investigate whether or not rigged bids and price fixing …
October 15, 2004
The Terrorism Risk Insurance Act’s (TRIA) hard end date of Dec. 31 poses a huge problem for commercial insurance policies taking effect on or after Jan.1, 2005, as the end of the typical one-year policy will extend beyond the sunset …
October 15, 2004
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6 billion for insured property losses from Hurricane Ivan, according to ISO’s Property Claim Services (PCS) unit. Hurricane Ivan initially struck Alabama on Sept. 16 raging across the …