A grand jury in Greensboro, N.C. has indicted Steven E. Edwards on 21 counts of fraud, money laundering, tax evasion and stealing $3.8 million earmarked for health and workers’ compensation insurance from three employee-leasing businesses. According to a news release …
Crawford & Company’s Larry Mattingly, senior vice president of Healthcare Management Services, announced that Jose Carmenatti has been named national account executive for the Southwest region of the U.S. Carmenatti has more than 19 years of experience in the sales …
Kenneth D. Kirk, regional executive vice president of Brown & Brown Inc., and William A. “Bill” White, president of AAI Inc. d/b/a Alliance Insurance Services, of Canoga Park, California, announced the asset acquisition of Alliance Insurance Services by Brown & …
AutoOne Insurance, a division of OneBeacon Insurance Group, announced that, pending regulatory approvals, AutoOne plans to expand its LAD (Limited Assignment Distribution) services to Arizona, Colorado, Montana, Nevada, New Mexico, Oregon, South Carolina, Idaho, Utah, Washington, West Virginia and Wyoming. …
The Association of California Insurance Companies (ACIC) had a record turnout at its recently concluded XVI Annual General Counsel Seminar at the Wynn Hotel, according to ACIC President Sam Sorich. “More than 220 people attended this year’s event, making it …
California’s highest court ruled that country clubs must offer gay members who register as domestic partners the same discounts given to married ones – a decision that could apply to other businesses such as insurance companies and mortgage lenders. The …
Mercury General Corporation reported net income of $73.6 million ($1.35 per share-diluted) in the second quarter 2005 compared with $78.1 million ($1.43 per share-diluted) for the same period in 2004. For the first six months of 2005, net income was …
Charlotte, N.C.-based Royal & Sun Alliance has agreed to sell Viking Insurance, its specialty U.S. non-standard auto business to Sentry Insurance, of Stevens Point, Wisc. for $200 million in cash. The purchase is subject to regulatory approval. Viking wrote direct …
On July 28, the WCIRB submitted a Regulatory Filing to the California Department of Insurance recommending an average 5.2 percent decrease in advisory pure premium rates to be effective on policies incepting on or after Jan. 1, 2006. In addition …
A California bill allowing vehicle owners to authorize their insurer to act on their behalf to arrange automobile repairs to their insured vehicle is, for all practical purposes, in the repair shop until 2006. After a heated debate in the …
