Monthly Archives: <span>May 2006</span>

Marketing Fraud Scheme Results in 560 Arrests; $1B in Losses

More than 560 people have been arrested in an international investigation of mass-marketing fraud schemes that have victimized more than 2.8 million people in the United States, the Justice Department said Tuesday. Losses exceeded $1 billion in scams that included …

Floridians Urged, Buy Tax-Free Supplies Now, Prepare for Hurricanes

Floridians are being urged to take advantage of the state’s “Hurricane Preparation Tax-Free Holiday,” which continues through June 1, and to prepare for the upcoming hurricane season by Tom Gallagher, Florida’s DFO and Fire Marshall. Gallagher also announced that the …

Ohio-based National Interstate Announces Dividend, New Director

Ohio-based National Interstate Corp. recently announced that its Board of Directors approved a $0.04 per share dividend at its May 19, 2006 meeting. The cash dividend will be payable on June 16, 2006 to shareholders of record of the company’s …

Mich.’s North Pointe Names Brian J. Roney Chief Financial Officer

North Pointe Holdings Corp. announced that Brian J. Roney has been promoted to chief financial officer, effective immediately. He fills the position vacated by John Berry, who will remain with North Pointe as its treasurer. Reporting to James G. Petcoff, …

Badger Mutual Insurance Funds Video Security Cameras in Milwaukee

Privately financed video security cameras are to be installed along an 11-block stretch of a major south side street in Milwaukee, according to a recent Associated Press story. Police Chief Nannette Hegerty and Alderman Bob Donovan announced the move for …

ACE USA Names Gallozzi Commercial Marine Senior Vice President

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, has promoted Bob Gallozzi to senior vice president, Commercial Marine, part of ACE USA’s International & Specialty Group. Based in New York City, Gallozzi will have responsibility …

PMA Group Promotes Manchon to Commercial Underwriting Assistant VP

The PMA Insurance Group has promoted Elaine Manchon to assistant vice president for commercial markets underwriting. Manchon, who will join PMA’s corporate headquarters staff in the company’s Blue Bell, Pennsylvania office, will be responsible for helping to generate profitable revenue …

Maryland Workers Comp Costs Rising But Average Claim Typical

Workers’ compensation costs per claim in Maryland grew very rapidly in the most recent year studied, according to a new study by the Workers Compensation Research Institute (WCRI). A major factor driving these costs higher was rising medical costs per …

Millions of Renters Lack Insurance, Says Agents’ Survey

Almost 25 million U.S. families renting their homes are going bare on insurance coverage, leaving themselves vulnerable to serious property and liability losses. Many renters without coverage own valuable, high-tech equipment and face higher risk related to pets, a new …

N.C. Lawsuits Accuse Calif. Insurance Provider of Fraud

Two California-based financial services companies took hundreds of thousands of dollars from senior citizens through deceptive tactics, state Attorney General Roy Cooper said in a lawsuit brought against the companies in Raleigh, N.C. Cooper alleged that agents at American Family …