The South Financial Group Inc. announced it acquired Gardner Associates Inc., an independent insurance agency based in Columbia, S. C., effective September 20, 2002. Terms of the transaction were not disclosed. Gardner Associates provides general commercial insurance services and surety …
FWTX Building, the corporation that owns the Landmark Tower building in Fort Worth, which was severely damaged in a March 2000 tornado, recently sued the building’s insurance carrier for not providing coverage for the tornado damage. According to the Fort …
London-based Euromoney Legal Media Group added Dallas attorney, Robert D. “Bob” Allen, to its current “Guide to the World’s Leading Insurance & Reinsurance Lawyers.” Allen, a partner in the Dallas office of Baker & McKenzie, is one of two Texas …
The Young Agents Committee of the Independent Insurance Agents & Brokers of America (IIABA) has presented its highest young agents accolade to the Young Agents Committee of the Independent Insurance Agents of Indiana (IIAI) for the third straight year. The …
Dr. Krishnaswami Sriram, 44, a cardiologist from Lake Forest pleaded guilty on Thursday to what prosecutors called a massive fraud scheme, admitting he claimed to have provided care for patients after they had died. The Chicago Tribune reported that Sriram …
A series of powerful tornadoes ripped through central Indiana on Friday afternoon causing widespread damage, but miraculously no lives were lost and no serious injuries were reported. The storms, which are unusual at this time of year, damaged roofs, uprooted …
A.M. Best Co. announced that while it has affirmed the financial strength rating of A++ (Superior) of Allianz Ag and its core entities, it has assigned them a “negative outlook,” and has placed Allianz’ U.S. subsidiary companies “under review.” “The …
Hurricane Isidore smashed into Mexico’s Yucatan Peninsula on Sunday, packing 110 mph winds and dropping 12 to 20 inches of rain in some spots. Four persons were reported killed in storm related auto accidents. After ravaging western Cuba on Friday …
Bermuda-based RenaissanceRe Holdings Ltd. announced that it has reached an agreement with Platinum Underwriters Holdings, Ltd. to purchase 3,960,000 of its common shares in a private placement Platinum was established in Bermuda by the St. Paul Cos. in a move …
France’s SCOR Group announced that it has broken off talks with Germany’s Gerling Group to acquire its life reinsurance operations, and certain non-life activities, “due to current capital market conditions.” The companies began discussions on September 4, but the financial …
