W.R. Berkley Sets Q3 Record
W. R. Berkley Corp. (NYSE: BER) on Tuesday reported net income for the third quarter of 2004 of $97 million, or $1.10 per share, a 27% increase from $76 million, or $0.87 per share, a year ago. Third quarter 2004 …
Former N.J. Neurologist Gets Jail Time in Fraud Scam
New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a former Essex County neurologist has been sentenced to six months in county jail for fraudulently billing an insurance company more than $50,000 for medical tests that were never …
Chubb Sees Growth in Q3
The Chubb Corporation (NYSE: CB) on Tuesday reported that net income in the third quarter of 2004 was $364.0 million or $1.88 per share, compared to $259.8 million ($1.37 per share) in the third quarter of 2003. Operating income, which …
Conn. AG Issues Subpoena to Arthur J. Gallagher & Co. Requesting Information
Arthur J. Gallagher & Co. on Tuesday received a subpoena from the Connecticut Attorney General requesting information concerning possible violations by the company of the Connecticut antitrust laws in connection with the solicitation of bids for insurance. Gallagher intends to …
Young and Bryant Join Allied North America
Fremont, Calif.-based Allied North America Insurance Brokerage of CA, LLC has hired Michael R. Young as assistant vice president of production and Elizabeth Bryant as a claims manager. Young has more than 10 years of experience and began his career …
Rosson Joins Woodruff-Sawyer
Woodruff-Sawyer & Co. announced that Charles Rosson has joined their firm as Senior Vice President, Benefits Practice Leader. In this role, Rosson will lead the Benefits Practice to develop business opportunities and provide consulting services to Woodruff-Sawyer’s clients. Most recently, …
Hendry Named Senior VP of Service at Safeco
Safeco has appointed insurance veteran Myron Hendry as its new senior vice president of Service. Hendry joins Safeco following 32 years at CNA where he moved through the organization with increasing levels of responsibility. Early in his career, he worked …
IIABA Honors Two CAA members for Best Practices
Austin, Texas-based Combined Agents of America, LLC (CAA) announced two of its member agencies, Bigham-Kliewer-Chapman-Watts and Bosworth & Associates, have been included as part of an elite group of independent insurance agencies around the United States participating in the Independent …
Fla. Cabinet Oks Claim Processing Deadline
Gov. Jeb Bush and members of the Florida Cabinet today OK’d an emergency rule that sets deadlines for insurance companies to assess, process and settle insurance claims. “Firm deadlines will give thousands of Floridians peace of mind in getting their …
Spitzer: Corporate Criminal Prosecution for Marsh Not Necessary Following Greenberg Resignation
New York Attorney General Eliot Spitzer reacted to the decision at Marsh & McLennan Cos. to have CEO Jeffrey Greenberg step down. Greenberg was under fire to resign as Spitzer investigated reported bid-rigging at Marsh and a number of others …