Pennsylvania Commissioner Diane Koken has closed down the reported illegal insurance operations of the following entities: Harbour Entertainment and Sports Insurance and its agent Clarence Hall, Vanguarde Asset Group, Inc. and its president Dwayne Samuels. Additionally, she has assessed fines …
The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that insurers writing homeowners insurance in …
New Jersey’s Acting Attorney General Peter Harvey announced that a Hudson County woman pled guilty to forging drug prescriptions as part of a reported scheme to obtain controlled drugs through the use of fraudulent prescriptions. According to Vaughn McKoy, Acting …
The property/casualty industry continued to report strong growth in net written premiums for both the fourth quarter and full-year 2002 amid robust price increases across all sectors, according to the A.M. Best Co. Earnings for property/casualty insurers improved, despite another …
DiversityInc unveiled its list of America’s most inclusive companies, with Seattle-based Safeco earning the sixth-highest honor. In last year’s ranking of top-50 companies, Safeco placed 16th. “Safeco’s strengths included its significant percentage of women in management positions, its clear emphasis …
Thomas E. Hays, chairman of the board for Pasadena, Calif.-based United Agencies, recently announced that United Agencies and John Kallas of Industrial Risk Services have formed a strategic alliance. United Agencies’ members can now access the claims management services of …
New York-based Gulf Insurance Group, a provider of directors and officers liability (D&O) and Phoenix-based Corpedia Corporation have come together to provide incentives to reduce the risk of loss through compliance education. The partnership will allow Gulf to apply underwriting …
The increasing use of credit scoring by insurers in underwriting and rating personal lines of insurance has reportedly brought on increased interest, oversight and even some action by insurance regulators and state legislatures to ensure the practice is being used …
Paul Monacelli was named PIA National 2003 Professional Agent of the Year during an awards luncheon recently in Arlington, Va. Monacelli is CEO of ADP/Statewide Insurance Agencies of Cedar Knolls, N.J. Monacelli was honored for his hard work, his commitment …
Trenwick Group Ltd. will cease underwriting reinsurance business under its previously announced underwriting facility with Chubb Re, Inc., a subsidiary of The Chubb Corporation. The underwriting facility, which began in November 2002, permits Trenwick to write up to $400 million …
