21st Century Holding Company announced that its subsidiary, American Vehicle Insurance Company, received approval from the Texas Department of Insurance to begin writing General Liability coverage for more than 300 classifications of business, plus “special events” coverage. The company plans …
AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group, Inc. (AIG), announced the expansion of its “Partners in Productivity” Web site (www.aigswc.com) to enable its small business policyholders and their brokers to …
Nevada Attorney General Brian Sandoval announced that Alex John Elias, 40, of Reno, was sentenced after pleading guilty to felony insurance fraud before Judge Kosach in the Second Judicial District Courthouse. Kosach sentenced Elias to 48 months in prison, the …
Less than two weeks before the Catholic Diocese of Spokane is due to file for bankruptcy protection, its insurance carriers are suing to avoid paying victims’ sexual-abuse claims. The American Casualty Co., the diocese’s liability insurer, contends it should not …
The Oklahoma Insurance Department announced it has ordered three medical discount companies to cease doing business in the state. Department officials alleged that the companies sold cards that purported to provide discount medical services but that doctors, hospitals and other …
Infinity Insurance Company reported that its Infinity University is presenting Education Expo 2004 for the benefit of Texas agents in early December. The expos will include exhibits highlighting the Infinity University and the educational resources it provides, exhibits featuring the …
In December the Florida Legislature will consider changing the state’s multiple-deductible rule during future hurricane seasons. The legislature is considering eliminating multiple deductibles for future hurricane seasons and at the same time might considering providing financial assistance to homeowners who …
London-based broker, Jardine Lloyd Thompson Group plc, announced that it expects pre-tax profits and “exceptional items” for 2004 to be around £92 million ($175 million); or £100 million ($189.5 million) before tax, exceptional items and goodwill amortization. Analysts had been …
Jean-Paul Votron, who became the new CEO of Belgian-Dutch financial giant Fortis at the beginning of October, has inherited a very successful company from his predecessor Anton van Rossum. Fortis posted a 79 percent increase in net operating profits to …
Zurich Financial Services announced the appointment of Andreas Grünbichler to Head its newly created Group Risk Management Policy and Research Unit, effective immediately. “In this new position, Grünbichler will lead the Risk Management Research, a new function within Group Risk …
