Fairfield-based Ohio Casualty Corp. has added two members to its board of directors: William P. Boardman and Robert A. Oakley. Boardman, 61, a native of Columbus, Ohio, is a retired executive of Bank One Corporation. At the time of his …
New York Superintendent of Insurance Gregory Serio announced the arrest of Raphael Benjamin of Brooklyn, New York, who was charged with insurance fraud, forgery, grand larceny and falsifying business records. It is alleged that Benjamin, 63, sold a fraudulent automobile …
The Alliance of American Insurers reports it is pleased with the U.S. Treasury Department’s second set of regulations under the Terrorism Risk Insurance Act (TRIA) of 2002, which the department released April 15, as they are consistent with interim guidelines …
The Insurance Brokers’ Association of the State of New York will re-elect five directors and elect two new directors to its board of directors during the association’s annual membership meeting April 24 at Bridgewater South Street Seaport in New York …
Pennsylvania Commissioner Diane Koken has released enforcement actions and market conduct examinations taken in March against insurance producers and companies licensed to conduct business in the Commonwealth. Enforcement actions are taken after an investigation reveals violations of Pennsylvania statutes or …
Payments by private insurers to state property/casualty guaranty funds have hit a 15-year high, spurred by increased insolvencies, according to a study by the Alliance of American Insurers. Net assessments paid by property/casualty insurers to guaranty funds totaled $735 million …
The Loss Prevention Partnerships program (LPP), a demonstration project of the NeighborWorks® National Insurance Task Force (NITF), has reached its midway point with tangible results. The LPP’s goal is to educate homeowners about home safety and reduce insurance risk. Five …
The property/casualty insurance industry’s statutory surplus dropped $4.4 billion to $285.2 billion at year-end 2002 from $289.6 billion at year-end 2001. Surplus declined despite improvement in the industry’s net income after taxes to positive $2.9 billion last year from negative …
A new holding company, InsuranceVianet, has been formed to provide overall guidance and governance of its two subsidiary operations, InsuranceNoodle and InsureVianet. “In creating InsuranceVianet, the board of directors has solidified the relationship between InsuranceNoodle and InsureVianet (which was acquired …
Florida’s Brown & Brown Inc. announced a new record for its earnings in the first quarter. Net income per share for the quarter ended March 31, 2003 was $0.44, an increase of 41.9 percent over the $0.31 in net income …
