Allstate Insurance Co., continuing its reappraisal of its hurricane loss exposure along the East Coast, has decided to stop writing new property insurance policies in all areas of Connecticut, New Jersey and Delaware. The stoppage applies to the writing of …
Arapahoe County’s commissioners have significantly boosted insurance coverage on a newly elected treasurer whose personal financial woes include a home foreclosure. Doug Milliken, Centennial’s treasurer, narrowly defeated Aurora City Councilwoman Sue Sandstrom last month and is scheduled to take the …
Montana State Auditor John Morrison and UBS Financial Services (formerly PaineWebber) have reached a settlement to provide more than $4.5 million in restitution to the victims identified in the Auditor’s action against former gubernatorial candidate, Patrick Davison. In August, the …
The chief executive of Marsh & McLennan Companies Inc., the nation’s largest insurance brokerage, said this week that the management team would recommend that the board of the nation’s largest insurance brokerage raise its annual dividend to 76 cents per …
Florida’s insurer of last resort decided Thursday to delay a vote on whether to increase its homeowners rates by an average of 55 percent, following requests from lawmakers to defer its action until after a special legislative session next month. …
The President’s Award – The Professional Insurance Agents of Florida’s top honor – went to Communication Director Mary Frederick during a recent board of directors meeting in Key West, Florida. Frederick has earned many awards during her 25-year career in …
Summit, a provider of workers’ compensation insurance services, named James Wood as the firm’s new vice president of marketing for its multi-state Southeast territory. Wood joined Summit in 1998. Wood served as the project leader for Summit’s first Web site …
High winds overnight and into Thursday increased the number of Ameren Corp. electric utility customers without power in Missouri and Illinois to more than 52,000, the majority of those in Illinois, Ameren spokeswoman Susan Gallagher said. Crews likely would be …
Enterprise Risk Management (ERM) requires actuaries to assume the role of strategic risk managers in instituting what is essentially a cultural change in a company’s operations, actuaries were told at the Casualty Actuarial Society annual meeting . Calling ERM “explicit, …
Ind. Conseco Inc., founder Stephen Hilbert and the insurer reached a confidential settlement this week in a $250 million dispute over company-backed loans and debt. After an all-night negotiating session, the 14-page agreement was reached about 6 a.m., and disclosed …
