Swiss Re’s Chief Economist said on Wednesday that the U.S. economy is growing slowly – weakness consistent with a Fed cut later today – but will grow more rapidly in the second half of the year. Additionally, at the company’s …
A Louisiana bill that would overhaul the state’s FAIR and Coastal plans passed both the Senate and House and is headed to Gov. Mike Foster’s desk for his signature. House Bill 1788, which creates the Louisiana Citizens Property Insurance Corporation …
Austin-based Texas Mutual Insurance Company announced that two board members were elected at the company’s second annual policyholder meeting. Over 4,600 policyholders voted—either in person or by proxy—to elect James D. Ross and Charles H. Whiteside, Ph.D. to the board …
Florida-based Brown & Brown Inc. acquired the assets of Bailey-Gosling Associates Inc., a retail commercial property/casualty insurance agency located in San Antonio, Texas. The acquisition announcement was made jointly by Brown & Brown president and COO Jim W. Henderson, and …
Leaders of The Independent Insurance Agents of New Jersey, which represents over 700 small businesses in the state, gathered at the New York Hilton on Sunday morning to meet with insurance company executives to discuss the New Jersey Automobile Insurance …
New York’s Superintendent of Insurance Gregory V. Serio announced that the State’s insurers are successfully utilizing the ability to appoint and terminate licensed agents electronically, as the online capability, which began in 2001, is quickly approaching 300,000 appointments. “The ease …
The National Association of Independent Insurers, commenting on the recently concluded session of the New York state legislature, which adjourned last week, said that it had “turned out to be a disappointing session for the insurance industry.” “We’re very discouraged …
The Professional Insurance Agents of New Jersey Inc. commended the State Senate for its unanimous passage of legislation to help to ensure that agents’ ownership and commission rights are continued when an insurance company transfers its policy obligations to a …
Standard & Poor’s Ratings Services announced that it has removed from CreditWatch and affirmed its ‘CCC’ counterparty credit and financial strength ratings on Trenwick Group Ltd.’s operating subsidiaries: Trenwick America Reinsurance Corp., Dakota Specialty Insurance Co., Insurance Corp. of NY, …
Arch Insurance Group, a division of Bermuda-based Arch Capital Group Ltd., announced that William P. O’Malley Jr. has been named to the position of Vice President, Energy, beginning June 28. He will be based in the office of Arch’s U.K. …
