The owner of a Tonawanda, New York insurance agency was sentenced on Aug. 29 to two years probation with six months home confinement for diverting $132,000 in customers’ insurance premiums to prop up his failing business, the New York State …
Workers will seal a contaminated a New York City ground zero skyscraper damaged in a fatal fire at the same time new fire safety measures are adopted in the building, officials overseeing the building’s demolition said. The former Deutsche Bank …
Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. BACIAhas more than 300 …
Lloyd’s announced that it is joining a number of leading insurers, reinsurers and brokers in signing on to the “ClimateWise principles.” Lloyd’s described the initiative as a “major step” for the insurance industry, which would enable it to “play its …
Germany’s Allianz SE announced that Oliver Bäte has been appointed to its Board of Management, as of January 1, 2008. He will take the newly-created position as Chief Operating Officer. The bulletin explained that “Jan Carendi (62) will leave the …
HSBC, one of the largest international banks, has entered into an agreement to acquire a 10 percent stake in Vietnam’s leading insurance and financial services group, Vietnam Insurance Corporation (Bao Viet), for VND4,121 billion (approximately $255 million). HSBC will be …
XL Insurance, the global insurance operations of Bermuda’s XL Capital Ltd., announced the promotion of Colin Sprott and Chris Smith in its Marine and Offshore Energy division. XL named Sprott as Chief Underwriting Officer for the operation, based in London. …
Ingrid, the ninth named tropical storm of the season, has formed in the Atlantic. According to the latest bulletin from the National Hurricane Center in Miami, the storm is currently located about 840 miles (1355 kms) east of the Lesser …
In a step seen to indicate further stabilization of the Mississippi insurance market, Commissioner of Insurance George Dale announced that he has approved two rate filing reduction requests filed by Mississippi Farm Bureau Casualty Co. Through its Homeowner Program, the …
South Carolina kicked off a new advertising campaign asking residents to be prepared in case a hurricane or other disaster strikes. The state plans to run ads for its “Be Ready! South Carolina” program on TV and radio stations as …
