The Kemper Insurance Companies announced that its president and chief operating officer, William Smith, has decided to retire effective year-end. An Office of the Chairman has been created to help lead the company. “We thank Bill for the contributions he …
The Hospital & Healthsystem Association of Pennsylvania (HAP) announced its support of Govorner-Elect Ed Rendell’s short-term plan to relieve the state’s medical malpractice crisis. “Pennsylvania’s hospitals applaud Gov.-elect Rendell for his plan to institute short-term economic relief in response to …
ACE Limited announced that, as a part of their five-year commitment to aid the families of victims of the Sept. 11 tragedy in the United States, the company has chosen The Salvation Army to be the second recipient of $1,000,000 …
A Lodi, Calif. man was arrested on numerous felony charges as a result of a joint investigation by the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division, the San Joaquin County District Attorney’s Office, the Franchise Tax Board …
According to speakers at the Society of Insurance Research’s annual meeting, the strategic challenges confronting insurers include the rapid pace of change, terrorism, asbestos, the need to reform the tort system, poor financial results, weak balance sheets, the need for …
Texas Mutual Insurance Company’s board of directors unanimously elected Richard Cooper to serve as the board’s secretary and George W. Wesch, Jr. to serve as vice chair beginning January 1, 2003. Governor George W. Bush appointed both men to the …
Friedman, Billings, Ramsey Group, Inc. reports that its subsidiary, Friedman, Billings, Ramsey & Co., Inc., serving as lead underwriter and bookrunner, has closed a $121.2 million follow-on offering for RLI Corp., a Peoria, Illinois-based specialty property and casualty insurer. The …
Thomas Hays, chairman of the board for United Agencies, announced effective Jan. 1, 2003, the addition of Acacia Associates Insurance Services, Inc. to United Agencies’ family of affiliated agencies. Acacia Associates, owned and operated by John Sabio, is located in …
Doug Judson, president and CEO of Millennium Corporate Services (MCS), announced that MCS is expanding its operations to include an office in Las Vegas, Nevada. Heading up the Las Vegas office is Bob Bell who has joined the firm as …
Chicago-based Hub International Limited announced an agreement to purchase Fifth Third Insurance Services, Inc., an insurance brokerage subsidiary of Cincinnati-based Fifth Third Bancorp. “The acquisition, which is expected to close in 2002, will be paid for with cash,” said the …
