The Barbados-based Everest Re Group, Ltd. has taken the relatively unusual step of issuing a press bulletin concerning its business relations with California workers comp insurer American All Risk Insurance Services, Inc. (AARIS). It took the action prior to a …
Banknorth Insurance Group of Portland, Me., said it will provide a captive insurance program to RoofConnect, a national, non-profit professional roofing trade organization made up of more than 50 independent, commercial roofing companies throughout the U.S. The captive insurance program …
At least one insurance company tends to charge West Virginians more to cover their homes than residents in surrounding states, even when its losses are greater in the other states, according to a presentation given to state lawmakers this week. …
SCF of Arizona, the state’s largest supplier of workers’ compensation insurance, has named a chief operating officer, a new vice president of human resources and a director of investments. President and CEO Donald A. Smith Jr. announced promotions of Duane …
A coalition of insurance companies is suing the U.S. Department of Agriculture, claiming the government has shortchanged them millions of dollars in the Federal Crop Insurance Program new Standard Reinsurance Agreement, or SRA. The lawsuit, and a separate disagreement over …
A proposed ballot measure for the November elections that would dismantle the public company that provides worker compensation insurance could make millions for a Portland attorney and his law firm. Call it the DiLorenzo clause. John DiLorenzo, a prominent lobbyist …
According to IHI Insurance Services, a recent fraud conviction in a workers’ compensation claim resulted in $12,224 in restitution, 90 days in jail, and three years of formal probation. This award followed the guilty plea of a workers’ comp claimant …
Charlotte, N.C.-based American Wholesale Insurance Group (AmWINS), one of the nation’s largest independent wholesale insurance broker, has announced the appointment of Stephen J. Vaccaro Jr. as president of its specialty underwriting division. In this newly created position Vaccaro will work …
The U.S. Senate passed legislation by unanimous consent on June 15 that reauthorizes the National Flood Insurance Program (NFIP) for five years. The reauthorization was part of S. 2238, which reforms the program. The measure now goes to the House, …
Des Moines, Iowa-based EMC Insurance Group announced that it will strengthen its bulk loss and settlement expense reserves by about $2.9 million for the second quarter. The company also estimated additional storm losses of $4.1 million for a 2004 total …