Flordia-based Brown & Brown, Inc.announced that Thomas E. Riley has been elected as regional president, responsible for the company’s operations in the Northeastern U.S., as well as certain offices in south Florida. At the same time, Robert F. Iocco was …
The European Union has approved a deal between Fortis, the Belgian-Dutch financial services giant, and Banco Comercial Português (BCP), Portugal’s biggest private bank and a major insurer. The approval gives Fortis the go-ahead to proceed with the acquisition of a …
Delaware Insurance Commissioner Matthew Denn planned to reveal a new regulation today that will require insurance companies to provide prominent annual disclosures to each homeowner’s policyholder of where there might be gaps in the homeowner’s coverage, and whether the homeowner …
The Property Casualty Insurers Association of America has issued a bulletin indicating that it has some “significant doubts” concerning the NAIC’s proposed inclusion of disclosure duties on agents. The PCI noted that a proposed amendment to the producer licensing model …
Standard & Poor’s Ratings Services has issued a bulletin indicating that its ratings and outlook on the operating subsidiaries that comprise the Alea group – currently rated “A-” with a stable outlook – will remain unchanged following the Group’s announcement …
Houston-based Overseas Private Investment Corporation (OPIC) announced a commitment to provide $300 million in political risk insurance to Apache Corporation for a project designed to help Egypt shift the emphasis of its energy production from oil to more environmentally friendly …
Dublin-based Research And Markets has released a study, which concludes that the changes in accounting standards and reporting, mandated by the Basel II (Solvency II) accords in Europe and the Patriot Act and Sarbanes-Oxley in the U.S. will create opportunities …
More than three weeks after the devastating tsunamis struck 12 countries bordering the Indian Ocean, the death toll continues to rise, as hope for the missing fades. Indonesian officials announced that more than 166,000 people had now been confirmed dead …
Kirk Galasso was named Progressive’s territory sales manager of the quarter for both Illinois and Missouri in the third quarter of 2004, the company announced in a recent newsletter to agents. Galasso has been with the auto insurance giant for …
The 26th Annual Franchise 500 survey of Entrepreneur Magazine has named Brooke Franchise Corp. as No. 72 among its top 500 franchises—a 64-position climb from the No. 136 slot last year. Again this year, the Entrepreneur report ranked Brooke as …
