Marsh& McLennan, Willis Group and Aon Corporation have confirmed that they have received subpoenas from New York Attorney General Eliot Spitzer. The subpoenas are seeking information as part of a preliminary inquiry into compensation agreements between insurance brokers and insurance …
New Orleans-based Pan-American Life announced the promotions of Ronnie Spedale to second vice president, Worksite Sales and Marketing; Eric Lopez to second vice president, International Sales and Marketing; Alfredo Ramirez to regional sales manager; and Salvador Leiva to regional sales …
Washington, D.C. – Rep. Barney Frank (D-Mass.), ranking member of the House Financial Services Committee, told a gathering of independent insurance agents on the final day of the Independent Insurance Agents & Brokers of America’s (IIABA) National Legislative Conference, that …
The federal jury, which began deliberations on Monday, April 19, in the first of three potential trials to determine the extent of the recovery for the destruction of the World Trade Center, has as yet reached no verdict. They will …
The Property Casualty Insurers Association of America has issued a quick response to the report issued by the Consumer Federation of America (CFA), which said that extension of the Terrorism Risk Insurance Act was largely unwarranted (See IJ Website April …
American International Group reported a 35.9 percent increase in first quarter net earnings to $2.66 billion, or $1.01 per share, compared to $1.95 billion or $0.74 per share in the first quarter of 2003. The company said that “Net Income …
The Property Casualty Insurers Association of America expressed disappointment that Senate Democrats blocked consideration of a bill (S. 2290) (see IJ Website April 20) to reform the asbestos litigation system, calling it a “defeat for victims of asbestos-related diseases, American …
Insurance Commissioner Carroll Fisher recently announced that a request for a rate hike by Oklahoma’s third largest writer of medical malpractice insurance has been approved. The Oklahoma Insurance Department reported that following months of study by department officials and an …
Ronald Tubertini, the chairman of the Independent Insurance Agents & Brokers of America (IIABA) Government Affairs Committee, was presented with the Association’s highest individual government affairs honor—the Sidney O. Smith Award. Tubertini, president and CEO of Jackson, Miss.-based SouthGroup Insurance …
U.S. Sen. Jim Bunning (R-Ky.) was presented the 2003 Gerald Solomon Legislator of the Year Award by the Independent Insurance Agents & Brokers of America (IIABA) during the Association’s 28th annual National Legislative Conference. IIABA CEO Robert A. Rusbuldt presented …