MetLife Inc. agreed to sell its Manhattan building above Grand Central Station, formerly called the Pan Am building, for $1.72 billion, its second major real-estate deal this week. The sale to Tishman Speyer Properties LP is expected to result in …
The Vermont Senate last week gave preliminary approval to a bill that would make seed manufacturers rather than farmers liable for damages from genetically modified crops. As the measure heads for a final vote, an amendment is expected to be …
Maine Gov. John Baldacci signed into law a bill to protect gays and lesbians from discrimination, making Maine the sixth and final New England state to do so. “This act not only offers essential civil rights, but serves as a …
American International Group has reiterated its intention to cooperate with all investigations and acknowledged it had to stop efforts to remove documents from its Bermuda building, in a letter to shareholders. “AIG has worked diligently to protect and preserve relevant …
PAULA Financial reported net income for the fiscal year 2004 of $0.14 per share compared to $0.22 per share in 2003. Net income for the fourth quarter 2004 was $0.01 per share compared to $0.08 per share in the 2003 …
Effective immediately, AM Best has downgraded Workmen’s Auto Insurance Company from a B++ to a B(u), citing the company’s drop in surplus as the main reason for the downgrade. The company has filed a lawsuit against Guy Carpenter alleging failure …
The National Association of Mutual Insurance Companies has congratulated Georgia lawmakers for enacting major tort initiatives during their just-concluded 39-day legislative session, David Reddick, NAMIC state affairs manager said. “The leadership shown in the General Assembly, and especially in the …
Meadowbrook Insurance Group Inc. announced that Roger S. Walleck has been promoted to regional vice president, in charge of its Florida Branch Operations in Sarasota. Walleck will oversee the commercial insurance business underwritten in Florida for Meadowbrook’s insurance company subsidiaries, …
J.E. Brown & Associates announced new additions to their Web site, www.jebrown.net. The updated site offers many added features which make navigation quicker, easier and more efficient. The site offers three end-to-end Online Processing systems where agents can rate, bind …
Reacting to recent amendments made to SB 938 (Dunn) at the behest of Insurance Commissioner John Garamendi, the American Agents Alliance has announced that its fight over imposition of unfair regulations for which compliance would be impossible will extend to …
