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Chubb exec Motamed to become CNA chief
CNA Financial Corp. said last week that Thomas F. Motamed will be the insurer's next chairman and chief executive officer. Mr. Motamed will succeed Stephen Lilienthal on June 8, 2009. Mr. Motamed joins CNA from Warren, N.J.-based Chubb Corp., where he serves as vice chairman and chief operating officer. Mr. Lilienthal, who is retiring, joined Chicago-based CNA in July 2001 as CEO of its property/casualty operation.
Aon paying $4 million to settle Florida probe
Aon Corp. has reached a $4 million settlement with Florida officials over undisclosed compensation the insurance broker allegedly received for the placement of insurance coverage on behalf of Florida policyholders, including several public...