North Dakota Insurance Commissioner Jim Poolman warned seniors and other Medicare recipients to be on the look out for telephone scams. Callers, posing as representatives of fictitious companies such as Pharma Corp., National Medical Office, Medicare National Office and National …
Insurance coverage has been approved in Louisiana to take on a realm of the once-unthinkable: kidnappings, ransom, extortion and hijacking. Although it’s not for everyone, high-profile people, such as corporate executives who people who could be perceived as wealthy while …
An insurance broker indicted for his alleged role in a kickback scheme involving the Orleans Parish School Board has been hit with new charges of federal tax evasion. Glenn Davis, 53, operator of Century Insurance Agency, underreported his income and …
The Texas Department of Insurance (TDI) filed for and obtained an Agreed Order of Rehabilitation and Permanent Injunction from the 126th Judicial Court in Travis County on June 28, 2006, placing Vesta Fire Insurance Corporation into rehabilitation with its Texas-domiciled …
The Excess Line Association of New York (ELANY) has appointed Terry L. Harlow as director of education and communications, reporting to Daniel F. Maher, executive director. Harlow will undertake responsibility for membership communication and she will direct educational and training …
Rhode Island Governor Donald L. Carcieri will sign legislation today eliminating what some claim is a major loophole in the state’s drunk driving laws. The new law increases the penalties for those who refuse to submit to a Breathalyzer test …
ACE Limited has sold three run-off reinsurance subsidiaries to Randall & Quilter Investment Holdings Limited, an international insurance management firm. The agreement to sell ACE American Reinsurance Company, Brandywine Reinsurance Co. (UK) Ltd. and Brandywine Reinsurance Company S.A.-N.V. to Randall …
American International Group Inc., one of the nation’s largest insurers, is sparring again with its former chairman, Maurice “Hank” Greenberg. AIG announced that it is canceling its “agency arrangement” with the American International Marine Agency, a subsidiary of the Greenberg-controlled …
If investors think they’re safe from the scandal involving the suspicious timing of executive stock option grants, they may want to consider this: Even if they aren’t invested in companies caught up in that mess, it could still cost them …
A four-car subway train flew off the rails Monday July 3 in Valencia, Spain, killing 41 passengers and the driver, and leaving at least 45 people injured, 12 of them seriously. Excessive speed is the most likely cause of the …