Chicago-based brokerage Acordia Inc. announced that Mark Green is the new vice president of alternative risk transfer. Green is responsible for assisting Acordia brokers with captives, risk retention groups, finite risk and other solutions that combine traditional insurance risk transfer …
Kari Pitts has rejoined the Dallas office of Swett & Crawford as a broker. Pitts specializes in financial services exposures and coverages, including professional liability/E&O, directors’ and officers’ liability, employment practices liability, crime, fiduciary and patient impairment coverage. Pitts began …
ImageRight announced that Florida Farm Bureau General Insurance Company has purchased ImageRight’s insurance-focused Document Management and criteria-based Workflow solution to support their claims operations. “Florida Farm Bureau Insurance companies had been looking into imaging enabling its operations for several years,” …
Brea, Calif.-based Veterinary Pet Services Inc., the parent company of Veterinary Pet Insurance Company and its subsidiary, DVM Insurance Agency, announced a 26 percent increase in revenue for the quarter ended June 30, 2003. Revenue grew to $11.2 million compared …
Pennsylvania’s Insurance Commissioner, Diane Koken received praise from Patrick Meehan, United States Attorney for the Eastern District, for the help her Department gave federal prosecutors investigating Allen W. Stewart for fraudulent actions taken during his leveraged buy-out of Summit National …
The Insurance Bureau of Canada lauded the Ontario government’s enactment of the latest package of automobile insurance reforms, indicating that they will help to cut costs and reduce fraudulent claims. The reforms include: “a reduction in the insurance premium tax, …
The National African-American Insurance Association (NAAIA) announced that its 2003 National Conference and Empowerment Summit, to be held Sept. 19-21 in Las Vegas, will feature keynote speaker George Fraser, the author of “Success Runs In Our Race: The Complete Guide …
The Workers’ Compensation Rating and Inspection Bureau (WCRIB) of Massachusetts is reportedly not in agreement with the decision by the State’s Insurance Commissioner, Julianne Bowler, to decrease the average rates for Mass. workers’ compensation insurance, effective Sept. 1. “We regret …
Standard & Poor’s Ratings Services has published a report on the Asia-Pacific nonlife reinsurance market, which indicates that it “is experiencing a period of profitability following a decade of weak results due to underpriced excess capacity.” “Over the past two …