The owner of a Des Moines, Iowa, employment agency has pleaded not guilty to federal fraud charges. Dinesh “Dan” Sethi is accused of scheming to defraud insurance companies out of workers’ compensation premiums. Sethi, of Ankeny, owns DES Staffing Services. …
Lawson-Hawks Insurance Associates Inc., a regional independent insurance broker based in Mountain View, Calif., announced it has acquired Christopher Lee Insurance Services of Carmel, Calif. The terms of the transaction were not disclosed. John Miller, CEO of Lawson-Hawks Insurance Associates, …
The University of Iowa says 12 football players have been hospitalized for symptoms likely related to offseason workouts. The school has declined to release the names of the players being treated. It said in a statement that the players were …
The taxpayer bailout of giant American International Group (AIG) became necessary largely because of AIG’s poor risk management of its financial products and because deregulation of over-the-counter derivatives, including credit default swaps, let the company get away with its risky …
Mississippi Attorney General Jim Hood is asking for the federal judge in charge of the litigation surrounding the BP oil spill to take over the Gulf Coast Claims Facility process. Hood filed a “Statement of Interest on Behalf of the …
New Jersey-based broker Bollinger has acquired Charles G. Treloar Agency Inc. of Kenvil, New Jersey. Terms of the deal were not disclosed. The agency’s employees will be relocated to Bollinger’s corporate headquarters in Short Hills, New Jersey. The 50-year-old agency …
New York-based program administrator Oryx Insurance has appointed Thomas A. Pasquale as president and CEO. Pasquale will oversee the company’s financials and the program business, wholesale and claims administration departments. Prior to his appointment, he served as the company’s vice …
World leaders warned on Thursday that soaring food prices risked stoking unrest and even war, but top executives meeting in the Swiss resort of Davos rejected calls for curbs on commodity speculation. Indonesian President Susilo Bambang Yudhoyono said the world’s …
The Atlantic Casualty Insurance Co., a member of the Strickland Insurance Group, has tapped Lawrence F. (Larry) McAuliffe to serve as the North Carolina-based company’s new vice president of claims. McAuliffe replaces outgoing vice president Frank Fleischman, who is retiring. …
Property/casualty insurers found things to like in President Obama’s State of the Union speech that was largely focused on the economy and business. Medical malpractice reform, regulatory review, and trade agreements— these issues in particular that were mentioned by President …
