Clarendon Insurance Group has signed a definitive agreement to purchase Redland Insurance Co. from Acceptance Insurance Companies Inc., inking a deal that was announced in late January. The purchase will be made with cash and Acceptance will retain all Redland …
Protegrity Services Inc., formerly Humana Workers’ Compensation Services, has successfully completed its sale by Humana Inc. through a management buyout. The sale was originally announced Feb. 3. Protegrity is now headquartered in Longwood, Fla. Gene Roberts, retained as the new …
A federal class-action lawsuit filed this week against Prudential Insurance and its healthcare subsidiaries may affect several million people across the U.S. who are participants in, or beneficiaries of, Prudential employee welfare benefit plans. The action was filed Tuesday in …
The chairman of The Council of Insurance Agents and Brokers said much work needs to be done to stop state legislatures from dragging their heels in passing insurance agent/broker licensing reforms. In testimony to the Senate Subcommittee on Securities, Robert …
Old American County Mutual Fire Insurance Co., along with Old American Insurance Services of Louisiana, Old American Insurance Services and Old American Investments, has moved to their new headquarters at Old American Plaza, 4450 Sojourn Drive, Suite 500 in Addison. …
I began today by downloading virus scan material. I then scanned my hard drive, found a bunch of infected files, tried to clean them all, failed on some, and will most likely spend tomorrow uninstalling software and then reinstalling the …
Meet Kenny Waldt, independent agent from Houston. When I last checked in, back in November, he was toying with selling his $1.2 million revenue agency to a bank. Feeling pretty righteous about the value of his agency, he said: “They’re …
Both the marine industry and the insurance industry have witnessed a surge in recreational boating, from mega-yachts to personal watercraft (PWC), over the past few years. According to U.S. Coast Guard estimates, there were roughly 1.1 million PWC on the …
The results are in for the property/casualty industry’s fourth quarter and year end, and they don’t look any better than 1998. In fact, with the exception of a small acceleration of premium growth, 1999 was worse than 1998 in nearly …
The accusations are fierce, the stories heart-wrenching. Lost homes, marriages, fortunes and even lives are piling up on the doorstep of Lloyd’s of London, which has been accused for years of not disclosing potential huge losses from asbestos and pollution …
