Zurich Financial Services, the Anglo-Swiss group ranked as Europe’s 6th largest insurer, reported “normalized” net profits of $2.096 billion for last year, 5.5 percent lower than 1999’s $2.218 billion, and worse than the “less than five percent” decrease the company …
The Oregon Department of Consumer and Business Services has revoked the licenses of five agents across the state for unrelated violations. In one case, a Cave Junction agent, Cecile G. Zimmerman, had her license revoked investigators found she had withheld …
A five-month investigation by the California Department of Insurance Criminal Investigations Branch has led to the arrest of a Sacramento man for insurance fraud. Richard Wayne Bento, 30, was arrested earlier this week on five felony counts of workers’ compensation …
SAFECO has appointed Bill Lebo as interim chief operating officer for SAFECO Personal Insurance, the company’s largest insurance segment. Lebo, 55, will continue to serve as executive vice president for SAFECO’s Property & Casualty companies.
Conseco, Inc. has appointed Charles B. Chokel as its new chief financial officer. Chokel joins Gary Wendt’s new senior management team at Conseco after 23 years at Progressive Corp. Chokel will also be nominated to serve on the Conseco board …
Standard and Poor’s is making changes to the way it evaluates the financial strength of insurance companies. At the company’s annual Financial Services Seminar in Las Vegas, Steve Dreyer, the newly appointed managing director of S&P’s U.S. Insurance Ratings unit, …
Phyllis Brant is the recipient of the 2001 Bill Katynski Award for Excellence. The award, which is given to the Ohio Department of Insurance employee who displays exemplary customer service and outstanding professionalism, is the Consumer Services Division’s highest honor.
Moody’s Investors Service Ltd. is forecasting that Lloyd’s of London will report losses of $5.23 billion for the four years of 1998 and 2001. Under Lloyd’s three-year accounting system, the next results due to be published are for 1998. Moody’s …
Taco Bell Restaurants of Irvine, Calif. has come up with a novel promotion that could wind up with the fast food restaurant handing out a free taco to everyone in the United States. The freebie offer hinges on the off …
Britain’s CGNU revealed plans to expand in Eastern Europe and India with the announcement that it would purchase Mebit, Hungary’s sixth largest life insurer, and would launch a mutual fund subsidiary in India in conjunction with its life insurance operations …
