IFAwebnews » surety bonds

Costa Rican company pleads guilty to $670M fraud scheme

Jaime L. Brockway — Wed, 25 Apr 2012 18:02:41 +0000

A Costa Rican insurance company pleaded guilty April 20 in federal court in Richmond, Va., to a $670 million insurance fraud scheme, while its majority owner's trial began this week.

Costa Rican company pleads guilty to $670M fraud scheme via IFAwebnews.

Pa. insurance department liquidates First Sealord Surety Insurance

Jaime L. Brockway — Tue, 14 Feb 2012 04:16:35 +0000

The Commonwealth Court approved the Pennsylvania Insurance Department's petition to liquidate a Villanova, Pa.-based bond and surety company that experienced a “steep” drop in surplus.

Pa. insurance department liquidates First Sealord Surety Insurance via IFAwebnews.

HCC says Pioneer General now part of American Contractors Indemnity

Bob Graham — Fri, 13 Jan 2012 23:30:59 +0000

Houston's HCC Insurance Holdings said Pioneer General Insurance Co. will merge into American Contractors Indemnity Co., both of which are wholly owned subsidiaries of HCC.

HCC says Pioneer General now part of American Contractors Indemnity via IFAwebnews.

Philadelphia Insurance Cos., Ullico ink strategic deal on surety bonds

Bob Graham — Tue, 12 Jul 2011 13:05:29 +0000

A Philadelphia-area property-casualty company that writes policies for niche markets nationally has formed a strategic alliance with two Washington, D.C.-based insurance companies.

Philadelphia Insurance Cos., Ullico ink strategic deal on surety bonds via IFAwebnews.

Pa. company buys Virginia bond firm to expand Mid-Atlantic presence

IFAwebnews Staff — Wed, 06 Jul 2011 09:07:18 +0000

A York, Pa.-based risk management and insurance company has acquired Construction Bonds, a Virginia-based company that gives it access to the entire Mid-Atlantic region.

Pa. company buys Virginia bond firm to expand Mid-Atlantic presence via IFAwebnews.

USI’s Amerisc acquisition spreads its reach in New York, North Jersey

IFAwebnews Staff — Mon, 07 Mar 2011 10:13:23 +0000

USI Insurance Services has completed an acquisition of some property-casualty companies that will allow it to expand its presence in Long Island, Rockland County and the Hudson Valley, as well as Northern New Jersey, company officials said.

USI’s Amerisc acquisition spreads its reach in New York, North Jersey via IFAwebnews.

Va. regulators fine unlicensed surety bond agent, companies $280,000

Bob Graham — Tue, 01 Mar 2011 02:17:28 +0000

Virginia insurance regulators shut down a Newport News, Va., insurance agent and two companies and fined them a total of $280,000 for illegal sales of surety bonds for public works projects in the Tidewater region of the state.

Va. regulators fine unlicensed surety bond agent, companies $280,000 via IFAwebnews.

Va. agents urged to fight surety bond bill that ‘doesn’t make sense’

Bob Graham — Tue, 15 Feb 2011 14:38:23 +0000

An insurance agents’ group in Virginia is asking its members to press the Virginia Senate’s General Laws Committee to vote against an increase in the surety bond rates for state projects that it says “doesn’t make sense.”

Va. agents urged to fight surety bond bill that ‘doesn’t make sense’ via IFAwebnews.

Alliant calls T&H Group buy ‘great strategic, operational’ match

Bob Graham — Mon, 03 Jan 2011 13:50:31 +0000

Alliant Insurance Services, a national specialty insurance brokerage firm, bought T&H Group, a regional full-service insurance brokerage firm based in New York City.

Alliant calls T&H Group buy ‘great strategic, operational’ match via IFAwebnews.

New Jersey insurance wholesaler expands services through acquisition

Jaime L. Brockway — Mon, 13 Dec 2010 12:34:51 +0000

A New Jersey-based property-casualty insurance wholesaler, FTP, acquired Kenneth B. Shevlin, another wholesaler brokerage firm.

New Jersey insurance wholesaler expands services through acquisition via IFAwebnews.