Specialty insurance brokers WCI Wood & Company, with offices in Dallas and Atlanta, named Robin Stough as its new president. He will work out of the company’s headquarters in Atlanta and will oversee the operations of the firm. Stough has …
First Bancorp, the North Carolina-based parent company of First Bank and First Bank Insurance Services Inc., announced it has acquired Uwharrie Insurance Group Inc., a property and casualty insurance agency located in Troy. With eight employees, Uwharrie Insurance Group serves …
Seattle-based SAFECO announced that Thursday’s settlement of a case involving J.P. Morgan Chase and 11 insurance companies isn’t expected to have a material impact on SAFECO’s financial results. In the fourth quarter of 2001, SAFECO reported a pretax $18 million …
J.P. Morgan Chase & Co. has now settled its dispute with all 11 insurance companies that had issued Enron-related surety bonds and will receive approximately 60 percent of the principal amount of $965 million. In connection with this agreement, and …
Hilb, Rogal and Hamilton Company has completed the previously announced mergers with the Freberg group of companies (Freberg). Freberg has seven offices in three states, Colorado, Wyoming and Texas, revenues in excess of $10 million, and employs approximately 65 insurance …
The Independent Insurance Agents & Brokers of America’s (IIABA’s) 27th Annual National Legislative Conference will be held April 2-4 at The Capital Hilton in downtown Washington, D.C. The event will bring hundreds of independent agents and brokers to the nation’s …
W. R. Berkley Corporation appointed William Robert Berkley, Jr., a senior vice president and director of the company, to be responsible for oversight of the company’s specialty insurance operations. Berkley succeeds Edward Thomas, who has elected to become a consultant …
Surgeons at four West Virginia hospitals began a protest against the high cost of medical malpractice insurance by refusing to perform surgeries. According to the Associated Press, the doctors took leaves of absence from the hospitals, causing at least one …
Dallas-based Hallmark Financial Services Inc., announced two new executives joined the company on January 1, 2003. Scott K. Billings is the new chief financial officer of Hallmark and Brookland F. Davis joined the company as president of the American Hallmark …
J.P. Morgan Chase & Co. announced it has settled its dispute with 10 of the 11 insurance companies regarding the surety contracts issued by those companies that guaranteed obligations of Enron Corp. to JPMorgan Chase under prepaid commodity forward contracts. …
