Beacon Mutual Insurance Co. has turned over computer records it initially withheld from Rhode Island state investigators probing accusations that the company gave price breaks to favored clients. The files have been the subject of a legal battle between the …
A.M. Best Co. has affirmed the financial strength ratings (FSR) of “A” (Excellent) and assigned issuer credit ratings (ICR) of “a” to the Unitrin Property and Casualty Insurance Group (Unitrin) (Dallas, TX). The FSR outlook has been revised to stable …
Brooke Corporation, headquarted in Overland Park, Kansas, recently announced that Mitch Holthus and Shawn Lowry were elected to its board of directors at their annual meeting of shareholders. They become the seventh and eighth members of the board, according to …
Dorance Dean Bolton, founder of Pasadena, Calif.-based Bolton and Company Insurance Brokers, passed away on April 21, 2006, at the age of 96. Bolton was a pioneer Southern California insurance broker and was a founding governor of what is now …
According to the Coalition Against Insurance Fraud, what started as a life-insurance fraud scheme ended up as an execution. Michigan inmates Cameron Wade Sanders and Kevin Mykolaitis hatched a con while in prison to create a fake business, take out …
A newly released report says that recent consumer groups’ criticisms of the medical malpractice insurance industry contain “systematic flaws and the intentional misuse of industry data.” “This new research points out the gross manipulation and blatant misrepresentation employed by these …
The Arkansas Insurance Department announced changes to education rules for both established producers and producer license applicants. The effective date for both rules is May 1, 2006. Rule 31 – Pre Licensing Education For Producers is available for viewing online …
The Arkansas Insurance Department issued a reminder to insurers operating in the state of the upcoming May 2, 2006, effective date for the establishment of anti-money laundering programs. The department’s bulletin is available online at www.insurance.arkansas.gov/Legal%20Dataservices/Bulletins/2006/5.doc. The department said Bulletin …
General Re Corporation, a wholly owned subsidiary of Berkshire Hathaway Inc., has named Michael L. Sweeney as chairman and chief executive officer of its aviation underwriting subsidiary, United States Aviation Underwriters, Inc. Formerly, Sweeney had been president and chief operating …
The Alliance of Insurance Agents of Texas announced its 7th Annual President’s Roundtable and Golf Tournament will take place in Dallas on May 5, 2006. The President’s Roundtable will include overviews and comments from industry leaders, along with questions from …
