Eight Massachusetts insurance companies have opted out of a state program that promises permanent tax cuts in exchange for five years of voluntary community investment, according to a report by the Massachusetts Association of Community Development Corporations. Led by Commerce …
The Insurance Brokers and Agents of the West and Arrowhead General Insurance Agency have teamed to offer new, competitive insurance products to association members. IBA West members now have access to new Arrowhead General insurance products, including a residential earthquake …
Yesterday, the California Department of Conservation released Seismic Hazard Zone maps used to plan for safer buildings to help protect life and property in the event of an earthquake. The maps detail four areas—Thousand Oaks, Moorpark, Ontario and Mt. Baldy—that …
San Francisco-based HIH America Compensation and Liability Insurance Company is selling the renewal rights and other tangible assets associated with its large account California workers’ compensation business to Alaska National Insurance Company. Effective Oct. 30, HIH America and related companies …
Zurich Reinsurance Inc. has formed a new unit specifically devoted to professional liability to be headed by Matthew G. Fay. Fay recently joined the company as senior vice president and will direct the producing and underwriting of all professional liability …
State Farm Mutual Automobile Insurance Company is implementing a new auto insurance discount. Using its actual claim payments for driver and passenger injuries by make and model of vehicle, the company is awarding discounts of up to 40 percent on …
NYSE announced on Tuesday its plan to delist the shares of Frontier Insurance Group Inc. The Rock Hill, N.Y.-based insurance company has requested a review of the New York Stock Exchange’s decision to delist the company’s stock. The liability and …
KPMG, a professional services firm, surveyed 175 senior insurance executives at its 12th Annual Insurance Industry Conference and found that insurance firms are pursuing a number of future strategic options. In addition, the executives felt that more strategic e-business vision …
Allstate Insurance Co. has appointed three new ethnic marketing directors to expand business opportunities with Hispanic, Asian and African-American consumers. Leonor Cortez Cockrum, Jennifer Davis and Ken Omura will lead the company’s effort to tap into markets that account for …
A new website will give tourists a chance to purchase Mexican automobile insurance before they venture south of the border. In addition, agents can order policies for their customers through a website designed for insurance professionals. As U.S. policies usually …
