Retail and wholesale insurance agents need to work at maintaining good relationships with each other to ensure the best workflow between the two industry sectors. According to the Independent Insurance Agents of Texas, that was the consensus of a panel …
Itasca, Ill.-based brokerage giant Arthur J. Gallagher & Co. announced the acquisition of Babcock Consulting Inc. of Metairie, La. Terms of the transaction were not disclosed. Established in 1997, Babcock Consulting Inc. offers a wide range of employee benefit consultation …
The board of directors of Columbus, Ohio-based insurer State Auto Financial Corp. declared a quarterly cash dividend of 4 cents per share, payable Dec. 31, 2003, to shareholders of record at the close of business on Dec. 15, 2003. This …
Liberty Mutual will open an office in the southwestern city of Chonquing in December, marking the company’s entry into the Chinese P/C market. Liberty had received the go ahead from the China Insurance Regulatory Commission to begin operations last year. …
While June 6, 1944 will long be remembered, Nov. 24, 2003 won’t have quite the same resonance with the French public. Credit Lyonnais (CL) and the French government have until 9:00 p.m. PST to reach a settlement agreement with federal …
Despite the horrendous damage caused by the two bomb blasts that ripped through Istanbul last Thursday, killing 28 persons and injuring over 400, the insured losses are not expected to be excessively heavy. Roger Short, the British Consul General, was …
Silverstein Properties and the Port Authority are reportedly close to reaching agreement with GMAC Commercial Mortgage Corp., the principle lender on the World Trade Center Lease, to release $563 million to repay the outstanding loans. As the parties continued their …
The Auto Club’s affiliated Interinsurance Exchange has gained state insurance department interim approval for its emergency request to reduce insurance rates for its policyholders whose houses were destroyed by the recent Southern California fires. Also, the Exchange has postponed bills …
Michigan-based American Physicians Capital, Inc. (APCapital) announced that it has unwound its participation in the Oct. 29, 2003 trust preferred pool transaction. As a result of this action, the company is eliminating $20.6 million of debt from its balance sheet …
Independent insurance professionals who attend the Professional Insurance Agents of New York State Inc.’s Metropolitan Regional Awareness Program will hear what New York State Attorney General Eliot Spitzer’s office plans to do to combat insurance fraud. This year’s MetroRAP will …
