Accounting Has Landed Insurers in Trouble Before

Lehmann, R. J.
April 2008
Best's Review;Apr2008, Vol. 108 Issue 12, p77
Trade Publication
The article gives information on several cases involving various insurance executives. The former chief executive officer of HIH Insurance Ltd., Dominic Fodera, pleaded guilty in making misleading statements in financial reports and prospectuses in December 2004 while Rodney Adler, former director of HIH, charged of making false statements and failing in his fiduciary duties. Also, former executive of Reciprocal of America, Carolyn Hudgins, pleaded guilty of insurance fraud.


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