Hammond, La.-based catastrophe services firm Provencher & Company LLC, announced the promotion of Kandy Ray to the position of business interruption unit supervisor. In this position, Ray will oversee business interruption unit claims. Ray formerly served as a business interruption …
Arkansas Insurance Commissioner Julie Benafield Bowman announced suspected insurance fraud ringleader, Frederick Watson, turned himself in to Little Rock Police on Feb. 13, 2007. Watson is alleged to have masterminded a car crash ring operation which defrauded insurance companies of …
Tim Tomsen has been name senior vice president, Emerging National Accounts, for Rancho Cordova-based Independent Solutions United. Independent Solutions United is a member of Pacific Interstate Insurance the oldest insurance agency in Rancho Cordova, operating since 1959. Previously, Tomsen was …
Retired Marine Corps General and former Comptroller Bob Milligan will formally assume his new role as Florida’s Insurance Consumer Advocate effective March 6. . Chief Financial Officer Alex Sink made the announcement, saying. “He will be a strong advocate for …
Peerless Insurance, a member of Liberty Mutual Group, has teamed with LoJack Corp., to reduce construction equipment theft and boost recovery. The insurer is making the LoJack for Construction Equipment police-operated vehicle recovery systems available to construction customers at a …
Standard & Poor’s Ratings Services has withdrawn its “AA” long-term counterparty credit and insurer financial strength ratings on Spain’s Mapfre Mutualidad de Seguros y Reaseguros a Prima Fija (Mapfre Mutualidad), following the corporate restructuring of the Spanish Mapfre insurance group …
Converium wrote an estimated non-life premium volume of $ 1.27 billion, a year-on-year increase of 3 percent during the January renewal season. The Swiss reinsurer’s bulletin stressed the strict adherence to “its profitability standards, deliberately declining 3 percent of renewable …
Zurich Financial Services Group posted record results for 2007, with net income up 41 percent to $4.5 billion, and business operating profit (BOP) up 48 percent to $5.9 billion. The growth in profits came from all sectors, General Insurance, Global …
Giant insurer Allstate Corp. doesn’t have much to fear from a Mississippi class-action lawsuit that seeks to have insurers in the state reopen closed Hurricane Katrina claims, according to the company’s chief executive. Rival State Farm Mutual Automobile Insurance Co.’s …
An Italian insurance company’s agreement to extend by 17 months the deadline to accept new claims from Holocaust victims and their relatives gives some victims another chance to find records of their losses, a museum official said. Paul Shapiro, an …