Governor-Elect Mark Sanford reappointed Ernst N. Csiszar as the South Carolina Director of Insurance. Csiszar was originally appointed as the Director of Insurance in 1999 under Governor Hodges’ Administration. Over the past four years as Director of Insurance, Csiszar has …
The South Carolina Department of Insurance announced that Piedmont Insurance Company recently became the subject of an Order of Liquidation which declared the company insolvent and directed the South Carolina Department of Insurance to liquidate the company as required under …
Hallmark Financial Services Inc., based in Dallas, announced that president and chief executive officer Linda H. Sleeper will leave the company effective January 1, 2003. Hallmark’s Board of Directors elected board chairman Mark E. Schwarz to the additional position of …
Oklahoma Insurance Commissioner Carroll Fisher announced that a Ponca City agent has agreed to pay a $20,000 fine, forfeit his license and pay claims from customers who thought they had insurance but did not. The agent, Mark Alan Jordan, is …
Chubb Corp. has merged its Argentine subsidiaries, Chubb Argentina de Seguros and Chubb de Fianzas y Garantias, in an effort to improve their solvency and to give the new operation greater flexibility in the management of its funds. Argentine operations …
Moscow’s Pushkin Museum of Art will receive $1.2 million in compensation from insurers for damages suffered by a Rembrandt painting on the way to an exhibition in Houston. The painting “Portrait of an Old Woman,” suffered a tear of approximately …
According to a report from the China Securities Journal, Chinese insurance companies will be given greater leeway in setting premium rates and policy conditions for air-accident coverage beginning January 1. The China Insurance Regulatory Commission (CIRC) has issued new rules …
The North Dakota Insurance Department has issued a bulletin informing all insurers “seeking to market policies for the coverage of crop hail insurance” in the state, that March 1, 2003 is the deadline for all rate filings. The date applies …
The Alliance of American Insurers, which had filed an amicus brief in the Ferrando uninsured motorist case with the Ohio Supreme Court, said the decision “to overturn an appellate court ruling related to underinsured motorist (UIM) coverage inappropriately grants coverage …
The long delayed merger between Italian insurers SAI and La Fondiaria was officially completed over the weekend, except for a few “details.” Last week’s ruling by Consob, the Italian stock market regulator, requires the merged company’s largest shareholders, the industrial …
