New York Superintendent of Insurance Neil D. Levin has named Daniel R. Varona a Deputy Superintendent effective immediately. Varona will oversee the activities of the department’s Life Bureau as well as coordinate various department management initiatives. Varona joins the Department …
Television audiences in the West will soon catch a glimpse of model Anna Nicole Smith, rock star Alice Cooper and professional wrestler Randy “Macho Man” Savage as they attempt to enter the traditional working world. In a series of new …
Safeco Select Insurance Services, a member of the Safeco Corp., announced that it has formed a new Optional Products Program to be marketed to financial institutions seeking new opportunities for fee income. Through sophisticated direct marketing methods, the new program …
A new law went into effect Jan. 1, 2001, requiring insurers to provide insureds with an Auto Body Repair Consumer Bill of Rights. All insurers that issue automobile liability or collision policies must distribute the standardized form either at the …
According to the National Association of Independent Insurers, a Colorado bill, HB 1021, which would require auto insurers to issue more extensive and detailed disclosure statements when offering a personal injury protection managed care option is both “unnecessary and unwise” …
Jeff Post, 41, has been named President and CEO of Fireman’s Fund Insurance Co., the principal property and casualty subsidiary of Allianz AG Post has been the Fireman’s Fund chief financial officer since 1996, and succeeds Joe Stinnette, who had …
The Hartford Financial Services Group Inc. is planning to complete a common stock offering of 10 million shares as part of the financing for its recently announced acquisition of Fortis Financial Group. The offering is expected to be completed in …
Through its fourth quarter 2000 Commercial Insurance Market Index, released yesterday, The Council reported commercial property/casualty premium rates across all lines of the business and group medical coverage rose significantly over the last year. The Index also shows rates continuing …
Marsh & McLennan Cos. has reported strong revenue and earnings growth for both the quarter and year ended Dec. 31, 2000. For the year, revenues rose 11 percent to $10.2 billion from $9.2 billion in 1999. Net income increased 23 …
Reliance Group Holdings subsidiary Reliance Insurance Co. has entered into a formal order of supervision and a related agreement with the Pennsylvania Insurance Department. Reliance has been working closely with the department and had an agreement since August to file …
