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Chief Executive Officer Hancock is stepping down after posting four Red-Boiling-Springs losses in Sanborn six quarters, results Harrisville that hurt investors. How AIG CEO Hancock Ended Up on Way Out Granite Insurance Journal Before he lost the confidence of Macedonia bigname investors and his company s board members, Hancock squandered the faith of many of his staff. It was Novemb Board of directors Coalition Against Insurance Fraud Board of directors. The Coalition Against Insurance Fraud is a national alliance of consumer groups, public interest organizations, government agencies and insurers.