Search
 

HRH President Resigns, Two Others Disciplined

The president of Hilb, Rogal & Hobbs Company has resigned after the company discovered that one of its employees arranged for improper payments in ...

By Mark E. Ruquet | Updated on February 04, 2005

The president of Hilb, Rogal & Hobbs Company has resigned after the company discovered that one of its employees arranged for improper payments in exchange for insurance placements.

The Richmond, Va.-based insurance broker, in a letter to employees on Wednesday, said that Robert B. Lockhart, president and chief operating officer of the firm, resigned. A second employee was terminated and a third suspended pending the outcome of a company investigation into improper contingent fee arrangements.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.