Former Chicago insurance broker Michael Segal’s sentencing for a federal conviction on 19 counts of fraud and racketeering related to nearly $30 million in missing premium trust funds has been delayed indefinitely. Segal, former owner and CEO of Near North …
New Program Teaches a Consultative Approach to Insurance Sales Beginning this week, 15 insurance agents are returning to Normal, Ill., to do an unusual thing in the world of insurance training: talk with each other about what’s worked and what …
Ralph Michael The Ohio Casualty Insurance Co. announced that Ralph S. Michael III, 50, has been named president and chief operating officer of the company, effective July 25, 2005. Michael comes to the Fairfield, Ohio-based company from U.S. Bank, National …
September 11, March 11, July 7–dates on a calendar until 2001, 2004 and now 2005. Everyone living, and numbers yet unborn, will remember those dates. The latest terrorist attacks in London killed at least 49 people, sent more than 700 …
Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications and even graduate degrees in insurance. Children of agents and …
COLUMBUS, Ohio–The state’s insurance fund for injured workers announced that a company hired to manage its investments had lost $71 million, bringing the agency’s total known investment losses to more than $300 million. Ohio Bureau of Workers’ Compensation interim administrator …
It’s obvious to us at the National Association of Mutual Insurance Cos. that there are crucial differences between public and mutual insurers. That’s why we oppose the National Association of Insurance Commissioners’ proposal to embed in state insurance regulation the …
Wooddale Builders vs. Maryland Casualty Co. (Minnestoa Court of Appeals, May 3, 2005) —Ruling: Appropriate end date for time-on-the-risk allocation is date of remediation.House builder brought action against commercial general liability insurer for declaratory judgment on coverage for mold in …
The Insurance Journal directory issues are known as “keepers,” because both empirical and anecdotal evidence tells us that readers are likely to hang on to them longer for easy access. In this case, you’re getting one monster of a keeper, …
Pennsylvania Insurance Commissioner Diane Koken has issued a report concluding that there is not sufficient capacity to shift a greater proportion of medical malpractice coverage to the private market from the state Mcare Fund. The report focuses on the ability …
