The California Department of Insurance (CDI) announced that Ronald Allen Prasky, 31, owner and operator of Border Pacific Insurance Services, was sentenced in San Diego Superior Court today to seven years in state prison. The sentencing is the result of …
California-based InsWeb Corp., an online insurance marketplace, has received the go-ahead from its board of directors to authorize a program to repurchase up to 1 million shares of common stock during the next six months. Hussein Enan, CEO for InsWeb, …
A.M. Best Co. Executive Vice President Larry Mayewski announced the promotion of Matthew Mosher to group vice president of the Property/Casualty Rating Division. Mosher succeeds Eric Simpson who accepted a position as senior vice president and CFO with American Re-Insurance’s …
Insurer American General Corp. indicated its shareholders will vote on a planned $23 billion takeover by rival American International Group Inc. at a special meeting Aug. 15. According to a Reuter’s story, the shareholders are likely to vote in favor …
Boston-based Homesite Insurance has introduced its home insurance products to residents in Oregon and Wisconsin. With the addition of these parts of the country, Homesite now has sales in 23 states, looking to continue on a national track. Homesite, which …
Chicago-based InsuranceNoodle has finalized the redesign of its website, an end-to-end agency technology platform which will allow it to prosper on a national scale. The online underwriting application process for greater than 600 small business classifications was both customized and …
On Thursday, June 21, 2001, National Association of Independent Insurers (NAII) Vice President and Assistant General Counsel Bob Zeman will testify before the U.S. House Committee on Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises on the …
Fitch has changed the Rating Outlook for LandAmerica Financial Group (LFG) Inc.’s insurer financial strength rating from stable to negative. Less than expected operating results for LFG were the reason behind the change. Despite the fact that LFG’s revenue growth …
Dallas-based Docucorp International, a provider of enterprise information solutions, appointed Marshall Edens as insurance practice leader for the Central U.S., a newly formed post. Edens will coordinate all of Docucorp’s insurance sales activities in the Central U.S., along with recruiting, …
California Attorney General Bill Lockyer’s lawsuit against Crédit Lyonnais (CL) and a number of other defendants, filed Tuesday in San Francisco, is the latest legal action involving the French bank and its business partners, who took over California’s failed Executive …
