Bermuda’s Aspen Insurance Holdings Limited announced that it has closed the sale of an additional 600,000 of its 5.625 percent Perpetual Preferred Income Equity Replacement Securities (Perpetual PIERS) with a liquidation preference of $50 per security, following the exercise in …
Former Cicero, Ill. Town President Betty Loren-Maltese, who is already scheduled to be resentenced later this month, was denied an appeal earlier this week on her conviction of racketeering by the U.S. Supreme Court. Loren-Maltese and her co-defendents were convicted …
Political resistance to new government programs, a pullback in support from the Bush Administration, even some “blue” versus “red” politics were among the forces that got in the way of timely renewal of the federal terrorism reinsurance program, according to …
If the bird flu epidemic or another major outbreak were to strike New York state, the emergency health care system would be poorly prepared to handle a surge of patients, according to a report by a physicians’ group. The national …
Arthur J. Gallagher & Co. reported the acquisition of Benefit Management Group Inc. of Royal Palm Beach, Florida. Founded in 1997, Benefit Management Group Inc. (BMG) is a benefit brokerage firm offering a wide-range of employee benefit services to their …
Payne Financial Group Inc., a regional independent insurance agency, has expanded its Boise, Idaho, office by hiring Jon Riche, Larry Koomler and Trish Quarles. Riche and Koomler were formerly brokers with Marsh in Boise. Their accounts and policies will be …
Jim Moore, owner of Moore Special Risk, has sold his wholesale brokerage to Cooper & McCloskey, a San Francisco-based wholesale brokerage started in 1997. The transaction was completed Jan. 1, 2006. According to Keltie McCloskey, the “companies are very similar …
New York State Senator Michael Balboni (R-East Williston), a member of the Senate Insurance Committee, was applauded this week by an organization of first responders, emergency management experts, building officials and insurance industry leaders for last week’s introduction of legislation …
CBIZ Inc. has acquired Valley Global Insurance Brokers of San Jose, California effective Jan. 1, 2006. Founded in 1999, Valley Global is a property and casualty insurance broker focusing primarily on the construction and technology industries. Valley Global has 11 …
A California appeals court reinstated a lawsuit that claims office supply chain Staples Inc.cheated customers by charging them for insurance when shipping some products. The 2nd District Court of Appeals, in a 2-1 decision, ruled that Staples was acting as …
