Authorities in Grain Valley, Mo. have arrested two people suspected of making illegal license tags. Police believe the large-scale operation has already brought in $10,000 to $20,000 for those involved. The investigation into the operation started 18 months ago and …
Community Relations specialists from the Federal Emergency Management Agency (FEMA) are working with the Governor’s Office of Emergency Services (OES) and county emergency management directors to reach out to people affected by the flooding of December and January in Northern …
American International Group Inc. (AIG) reported that a wholly-owned Taiwan subsidiary has reached an agreement with Central Insurance Co., Ltd (Central Insurance) to acquire all of Central Insurance’s outstanding shares by means of a statutory share swap. The purchase value …
Swiss insurance giant Zurich Financial Services posted a 30 percent increase in its 2005 net profits to $3.2 billion, despite heavy charges for last year’s record hurricane season. The full-year profit figure compared with $2.5 billion in 2004. It was …
Willis Group Holdings Limited, the global insurance broker, has appointed Derek A. Smyth as chief financial officer of the company’s North American operations. Smyth will report to both Mario Vitale, CEO of Willis North America and Patrick Regan, chief financial …
As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has accused the four of orchestrating an …
The National Auto Agents Alliance (NAAA) held its semi-annual board meeting in Las Vegas on Feb. 10. At the meeting, the membership application for The Alliance of Insurance Agents and Brokers (formerly known as the American Agents Alliance) was accepted …
Bermuda-based Montpelier Re Holdings Ltd. reported a net loss for the quarter ended Dec. 31, 2005 of $61.0 million, or $0.68 per share, compared with net income of $102.4 million, or $1.53 per share, for the same quarter last year. …
New York saw more than 750 insurance fraud-related arrests in 2005 as a result of stepped-up law enforcement alliances with federal, state and local officials, according to the state’s insurance fraud report. New York Superintendent of Insurance Howard Mills released …
Jaimie Doucette has joined the Needham, Mass.- based insurance agency, Provider Insurance Group, as an account manager in personal lines insurance. In her position, Doucette advises clients on automobile and home owners insurance. Prior to joining Provider Insurance Group, she …
