Illinois-based Arthur J. Gallagher & Co. promoted James S. Gault to president and Chief Operating Officer of the Brokerage Services Division, reporting directly to J. Patrick Gallagher, president and CEO. Gault succeeds James J. Braniff III who will return to …
Wednesday’s teleconference, featuring Swiss Re’s economic experts, concluded that a modest economic recovery will continue, the insurance industry will see higher rates and a “flight to quality, ” while the stock market experiences an “irrational period” on the downside. Midyear …
Most of Europe’s larger insurance companies have some exposure to losses resulting from the meltdown of WorldCom, the telecommunications giant which announced Tuesday night that it had improperly accounted for around $3.8 billion which should have been debited from its …
Professional Insurance Agents of New Jersey President David J. Madara, CPCU, AAI, took issue with certain aspects of the agreement between New Jersey’s Governor, the Department of Banking and Insurance (DOBI) and State Farm, which keeps the state’s largest auto …
California-based Computer Sciences Corporation has put together five new licensing agreements with property and casualty insurers seeking to increase efficiency through packaged application software. The insurers include Kemper Insurance Companies, Georgia Farm Bureau Mutual Insurance Company, Southern States Insurance Exchange …
The Nevada Department of Insurance announced two State Farm subsidiaries, State Farm Mutual Automobile Insurance Company and State Farm Fire & Casualty Company, recently requested proposed rate hikes of 3.7 percent and 4.1 percent, respectively. Both requests are for private …
Due to a similarity in names, it was reported on the March 29 Insurance Journal Web site that The American Equity Underwriters Inc., an Alabama-based company, was closing its doors. In fact, the company closing its doors was Arizona-based American …
American Physicians Assurance Corporation (APA), a subsidiary of East Lansing, Mich.-based American Physicians Capital Inc., has filed notice with the Florida Department of Insurance that it plans to cease writing medical professional liability insurance in the state. APA President and …
The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not proven its need. The rating commission …
The Louisiana Insurance Rating Commission has deferred action for at least a month on Allstate Insurance Co.’s request for a 19.9 percent rate hike for homeowners and renters insurance, claiming the company had not proven its need. The rating commission …
