Latest Numbers Headlines
All the headlines from our Numbers Topic Page, ordered by recency.
Two Calif.-Domiciled Workers’ Comp Companies Conserved by CDI
Apr 9 2001 // The toll from the ongoing adverse streak for the California workers’ compensation market just keeps rising. The California Department of Insur-ance (CDI) recently conserved two more insurance companies domiciled in...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 9 2001 // American International Group Inc. (AIG), Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, an innovative web-based insurance agency that will...
One Apple Didn’t Fall Far From the Tree
Apr 9 2001 // California Insurance Commissioner Harry Low ordered the revocation of the licenses and licensing rights, effective April 13, of Jack Hagop Printsian and his son Ara Kaspar Printsian. The two Santa Clarita brokers were...
Four New Insurers to Enter Hawaii’s Workers’ Comp Market
Apr 4 2001 // Wayne Metcalf, the Hawaii Insurance Commissioner, announced in March that the Insurance Division has authorized four new insurers to write workers’ compensation insurance in Hawaii. The authorization for General...
Three Amigos Face Fraud
Mar 12 2001 // Following a two-year investigation by the California Department of Insurance (CDI) Criminal Investigations Branch, investigators arrested three Sacramento residents-John Michael Hermoso, 40; William Gregory Hoshall, 39;...
Three Frontier Execs Resign
Mar 6 2001 // Frontier Insurance Group’s Patrick Kenny, executive vice president and chief financial officer, Douglas Moat, executive vice president and Richard Seyffarth, executive vice president and chief investment officer have...
Two Tree Hill Launches Website for Claims Professionals
Feb 12 2001 // Ventura, Calif.-based Two Tree Hill Inc. has launched a new website, www.ClaimRep.com , for attorneys, risk managers, claims adjusters, and any other insurance professional involved in claims resolution. ClaimRep.com...
Two Plead Guilty To Defrauding Metlife Subsidiary
Jan 9 2001 // Two former Metlife subsidiary executives have confessed to swindling the company of $2.4 million. Howard Dale Kartchner, 55, and Jeffrey K. McLean, 49, pleaded guilty Thursday in U.S. District Court in Spokane, Wash. to...
Two Conseco Directors Removed
Dec 13 2000 // The Board of Directors of Conseco, Inc. voted to remove two of its directors. The action follows a recommendation by a Special Committee of the Board, chaired by outside director John M. Mutz, that persons who owe...
Six Insurance Commissioners Elected; Incumbents Maintain Seats
Nov 20 2000 // Six insurance commissioner seats were up for grabs during the Nov. 7 election, with only two incumbents seeking reelection. Twelve states elect commissioners rather than appoint them. In Delaware, two-term incumbent Donna...
Two New Members Join the iwix.net Team
Oct 23 2000 // In a move to manage and grow its expanding business development efforts, iwix.net, an Internet-based specialty insurance marketplace, recently appointed Timothy C. Woodhull as senior vice president of sales and business...
Three Rules of E-mail
Oct 23 2000 // E-mail is the most effective communication tool since the telephone. In fact, 80 percent of computer users say the top reason for getting and using a computer is e-mail. As an insurance professional, are you making the...
Four States Earn Second Round NAIC Accreditation
Sep 12 2000 // Four states were awarded second-round accreditation certificates today under the National Association of Insurance Commissioners’ Financial Regulation Standards and Accreditation Program. “We congratulate...
Seven Arrested In Bronx Insurance Fraud Sweep
Aug 22 2000 // Seven people, including a 67-year-old medical doctor, have been arrested and charged in connection with various unrelated schemes to commit insurance fraud amounting to nearly $271,000. The arrests are the culmination of a...
Eight Lessons from E-Commerce
Jul 24 2000 // Although every business should be taking full advantage of e-commerce opportunities, not all businesses are e-commerce companies. Yet even those that don’t currently fit an e-commerce model can take advantage of...
Five Star Upgraded
Jul 24 2000 // Irvine-based Five Star Insurance Company was assigned a rating of “A-” by A.M. Best. The company, which has a Financial Size Category of Class IV, previously had a “B+” rating. The rating outlook is...
Two Inducted Into Insurance Hall of Fame
Jul 12 2000 // Hans Gerling, a former senior executive of Gerling Group, and Jose Pinera, the author of Chile’s private national pension system, have been inducted into the International Insurance Society’s Insurance Hall of...
Four Southern Californians Arrested for Employer Premium Fraud Scheme
Jul 12 2000 // Following a nine-month investigation, Mostafa Behesti, 43, and Rahimi Morteza, 59, owners of Castello Inc., along with bookkeeper Emma Luz Guerzon, 46, and Margaro Haro, 37, owner of Haro’s Landscaping, were all...
TWO STARS AND A SMILEY FACE
Jul 10 2000 // A.M. Best Co. has upgraded the financial strength rating of the Farmers Insurance Group to A+ from A. The rating applies to the 18 members of the group and acknowledges Farmers Insurance Group as a core and integral...
Six Firms Eye Aetna
Jul 6 2000 // As many as six companies are considering a bid for parts of Aetna now that talks between the U.S.’s largest health insurer and Dutch insurance giant ING have broken down. Though ING appears to still have an interest...
