It’s not just the Italian Football (soccer) team that’s in an expansive mood. Italy’s Generali Group announced that it has signed an agreement for the acquisition of a 51 percent shareholding in Bulgarian insurer Orel-G Holding AD. The shares will …
Swiss Re – the world’s biggest reinsurer since it completed the acquisition of GE Insurance Solutions – has lost no time in reducing its workforce. In a move it characterized as a “process to capture efficiency gains,” the Company announced …
The National Oceanic and Atmospheric Administration (NOAA) has awarded a $6.2 million, five-year grant to the Florida State University Center for Ocean-Atmospheric Studies to develop a new tool that could possibly see the strength of future hurricane seasons. “It’s important …
To Suzette Heydt of Allendale, Pa., an inflatable pool seemed like an inexpensive way to provide cool summer fun for her 9-year-old daughter and her roommate’s 23-month-old son. That was before a code enforcement officer for Salisbury Township told her …
First Act Inc. announced that it accepted a $16.7 million settlement payment stemming from a lawsuit in which a jury found that Brook Mays Music Co. had falsely disparaged the products of the bargain-priced musical instrument maker. The settlement comes …
New York State announced another $25 million in aid is being made available to residents and businesses in flood-stricken communities. That money is in addition to a $35 million aid package Gov. George Pataki announced last week to help flood …
Assurance Agency, a privately-held brokerage based in suburban Chicago, recently published its first Staffing Industry edition of their insurance related newsletter, Assurance Edge. Specifically written for staffing company owners and risk managers, the Assurance Edge – Staffing edition focuses on …
The Michigan Association of Insurance Agents broke its long-standing tradition of not endorsing statewide candidates and today announced their endorsement for Dick DeVos for governor. “We are pleased to endorse Dick DeVos for governor because he is an accomplished businessman …
While storms such as Hurricane Katrina grab the headlines, a string of smaller storms over the past few years has been taking a toll on insurance companies, industry officials said. Storm claim losses have been running significantly ahead of projections …
Wachovia Insurance Services announced in Charlotte, N.C. that it has acquired Miami, Fla.-based U.S. Insurance Underwriters in a deal that provides Wachovia its first entry into the Miami market through a well-established insurance brokerage firm specializing in property and casualty …
