New York Attorney General Eliot Spitzer said today that a former senior executive of Marsh, Inc. has pleaded guilty to criminal charges in connection with an ongoing investigation of fraud and bid rigging in the insurance industry. The complaint identifies …
Phoenix, Ariz.-based Prism Inc. has introduced a new habitational real estate program that covers qualifying HOA’s, apartments, condos, offices and strip-malls. Coverage is offered in all states. Policy limits are available up to $300 million per occurance per location. Deductibles …
ACE USA announced the appointment of Joseph S. Clabby as executive vice president, regional operations. Clabby will be responsible for ACE USA’s field operations, which will entail driving distribution strategies with brokers on a national and regional basis as well …
The fatal crash rate for 16-year-old drivers declined sharply after states began enacting graduated licensing laws in the 1990s, according to a new study by the Insurance Institute for Highway Safety. The study found that fatal crash involvements based on …
WellPoint Inc. joined California Department of Insurance Commissioner John Garamendi in announcing the launch of a $35 million Community Clinics Grant Program. The program and its funding are a direct result of the merger between Anthem, Inc. and WellPoint Health …
Redwood City, Calif.-based ABD Insurance & Financial Services has hired Sem Gee as vice president, senior benefits consultant to its Employee Benefits unit. She has 20 years of experience in health care and group benefit consulting and over 22 years …
West Virginia’s medical liability insurance market is in a crisis and it has be fixed soon according to Gray Marion, Professional Independent Insurance Agents of West Virginia executive vice president. Marion commented on the results of a recent poll conducted …
Insurance companies with unsettled claims from Hurricane Ivan have been given until March 25 to pay policyholders, or explain to Insurance Commissioner Walter Bell why the claims have not been paid. Once claims are settled, the department’s regulations requiring policyholders …
Cobbs Allen & Hall Inc. of Birmingham, Ala., and Senn Dunn, of Greensboro, N.C. have been accepted as members of Assurex Global of Columbus, Ohio, the world’s largest insurance association designed specifically to meet the needs of independent agents and …
Auto insurance companies would be barred from using credit ratings as a factor in setting auto insurance premiums under a bill passed by the Arkansas House of Representatives, the Associated Press reported. Rep. Rick Green, R-Van Buren, said he drafted …
