Hawaii Governor Benjamin Cayetan approved the recent incorporation and licensure of Heiwa Insurance Inc., the state’s first captive insurance company which is directly owned by a Japanese corporation and insures risks situated in Japan. Licensed on March 30, 2001, Heiwa …
The Allstate Corp. announced its acquisition of Sterling Collision Centers Inc., which operates a network of 39 auto collision repair stores in seven states and nine metropolitan locations. The Sterling brand and leadership team will remain in place. Sterling will …
Nevada’s Senate Commerce and Labor Committee approved legislation designed to discourage insurance fraud rings. One of the goals of AB 135 is to make it easier for insurance companies to get money back from fraudulent claims. The legislation would also …
Esurance Inc., a national quote-to claims Internet-based provider of personal automobile insurance, and California Coast Credit Union, one of San Diego’s largest credit unions, formed a partnership to offer its members online access to personal auto policies through Esurance. Financial …
Acceptance Insurance Companies Inc., an insurance holding company providing agricultural risk management products and services throughout the U.S., agreed to sell two wholly owned insurance companies, Acceptance Indemnity Insurance Company and Acceptance Casualty Insurance Company, to McM Corporation, a Raleigh, …
Saul Steinberg resigned on May 1 as chairman of Reliance Group Holdings Inc. and its Philadelphia subsidiary, Reliance Insurance Co. A spokeswoman for the Pennsylvania Department of Insurance confirmed that both Steinberg and interim CEO of Reliance Insurance George Baker …
In a move to expand its specialty insurance services, Argonaut Group Inc. signed a definitive agreement to acquire Morrisville, N.C.-based Front Royal Inc. for $165 million in cash. Argonaut stated the purchase should add to its earnings per share from …
American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies. Concurrently, American General canceled its prior merger agreement …
Every year, when my policies come up for renewal, I always take time to mix a little business with pleasure. This year was no different—I called my agent and headed to the web as well. Among the sites for agents …
There was a different feeling this year on Capitol Hill. As the independent agents and I straightened our suits and gathered our briefing materials, the pressure seemed to be off in some way. We were there; we were dedicated—but we …
