Star mogul Warren E. Buffett loves New Jersey, at least its auto insurance market. In his annual letter to shareholders of Berkshire Hathaway Inc. of which he is chairman, Buffett has high praise for the turnaround in the state’s auto …
On March 2, 2005, Texas Insurance Commissioner Jose Montemayor signed an order to stop the sale of unauthorized health insurance products to Texas consumers, the Texas Department of Insurance announced. Montemayor signed a cease and desist order regarding two separate …
HMO enrollment continues to decline in most New England states — even Massachusetts, traditionally an HMO tronghold, according to a report by HealthLeaders-InterStudy, a provider of managed care industry intelligence. According to the latest issue of the New England Health …
Four investment banking firms that participated as underwriters in WorldCom’s May 2000 bond offering have agreed to pay a total of $100.3 million to settle the claims asserted against them in the WorldCom securities litigation. The four investment banks are: …
Travelers is making it easier for companies with more than 5,000 employees to offer a choice of providers for auto and homeowners insurance through payroll deduction. A member of St. Paul Travelers, Travelers has dedicated a new sales team who …
Louisiana Secretary of State Fox McKeithen, who was paralyzed in a fall last month, has rehired his former top aide. Al Ater, who once served as first assistant secretary of state, will return to the office, leaving his job as …
Federal and state investigators are looking into a deal between American International Group Inc. and Berkshire Hathaway Inc.’s General Reinsurance unit in part because of the alleged involvement of AIG’s chairman and chief executive, The Wall Street Journal said on …
Beecher Carlson Holdings, Inc. has opened a Boston area office and appointed Robert J. Bothwell to lead the office as managing director in addition to heading the company’s National Energy Practice. The firm also announced that Brenna C. Melvin has …
Progressive Insurance’s Drive Group (Drive Insurance) has announced it will offer its commercial auto product in South Carolina through more than 430 agents. Drive(SM) Insurance is The Progressive Group of Insurance Companies’ new brand designed expressly for independent agents and …
New York Governor George E. Pataki has nominated Nassau County Assemblywoman Donna Ferrara (R,C-Westbury) to serve as a Commissioner of the New York State Workers Compensation Board. Ferrara’s nomination is subject to confirmation by the New York State Senate. Ferrara …
