New York Attorney General Eliot Spitzer has notified four leading insurance companies that, under agreements reached with his office earlier this year, they may no longer pay “contingent commissions” to agents and brokers who sell automobile, homeowners and certain other …
Willis Group Holdings Limited named Grahame Millwater as chief operating officer of the Group. Millwater has been with Willis for 21 years and has served in several capacities. Over the past few months, Millwater has had a leadership role focusing …
ACE European Group (ACE) is warning that UK businesses are exposing themselves to unnecessary environmental liability risks, simply because they continue to view specialist insurance products as too expensive and overly complicated. Alongside a limited understanding amongst many UK businesses …
Boulder, Colo.-based ICAT Holdings LLC has created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support the company’s underwriting of catastrophe-exposed properties throughout the United States. ICM Syndicate 4242 will commence underwriting business on …
Farm-state senators will make a last-ditch effort this week to pass agricultural disaster assistance, though it’s unlikely it will become law before the new year. North Dakota Sens. Kent Conrad and Byron Dorgan, both Democrats, pressured Republican leadership to take …
The Board of Directors of Fireman’s Fund Insurance Co. has elected Joseph J. Beneducci as CEO of the property and casualty insurance company, effective Jan. 1, 2007. Beneducci previously served as president and chief operating officer. He succeeds Charles (Chuck) …
Auto insurance companies are profiting at unprecedented levels from New York drivers who are spending more on insurance premiums while the industry pays out less in claims, New York City Comptroller William C. Thompson, Jr. has charged. He called for …
Georgia Casualty & Surety Co. and Association Casualty Insurance Co. – properties of Atlantic American Corp. – announced management changes in itheir regional property and casualty operations. Effective immediately, Dianne Morris, current president of Association Casualty in Austin, Texas, will …
A Lawrence, Mass. man pleaded guilty this week to an indictment charging that he participated in an auto insurance fraud scheme to bilk insurance companies out of thousands of dollars in false claims, according to state Attorney General Tom Reilly. …
A fire that destroyed the sanctuary of a 100-year-old church in Statesboro, Georgia was ruled an arson, Insurance and Fire Commissioner John Oxendine said. Authorities have arrested a suspect after the fire engulfed the Emit Grove Baptist Church last Monday …