Big insurance broker USI Holdings Corp. (NASDAQ: USIH) has agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a transaction valued at approximately $1.4 billion, including repayment of USI’s existing debt …
President Bush declared a federal disaster in Oklahoma in the wake of an ice storm that has killed at least 15 people and knocked out power to more than 122,000 homes and businesses. Residents in southeastern Oklahoma and other hard-hit …
The president of an Oklahoma construction company will pay $25,000 in fines, and two of his employees were ordered to serve a one-year deferred sentence after pleading no contest to one count each of conspiracy against the state in McIntosh …
A former Lima, Ohio resident was convicted of workers’ compensation fraud for filing false reports of employment searches with the Ohio Bureau of Workers’ Compensation (BWC). Steven Siefker was convicted in Franklin County Common Pleas Court. The court ordered Siefker …
More than 100,000 people have been evacuated in southern Malaysia to escape massive flooding, which has raised the specter of water and mosquito-borne diseases, officials and news reports said Monday. The government was close to imposing a state of emergency …
Zurich Financial Services Group announced that its subsidiary, Zurich Insurance Ireland Limited (ZIIL), which functions as an EU-wide risk carrier for Zurich’s general insurance business, has opened branches in Belgium and Italy. ZIIL now operates in Belgium, Finland, France, Italy, …
Lloyd’s capacity for the year 2007 has increased to approximately £16 billion ($31.42 billion at current conversion rates), compared to the 2006 figure of £14.8 billion ($29 billion) in terms of gross written premium. Rolf Tolle, Lloyd’s Franchise Performance Director, …
The Professionals Insurance Agents Association of Ohio, Inc. (PIA) recently announced its 2007 Board of Directors. The following individuals were named: David C. Kotary, CPIA, of Benchmark Insurance Agency, Inc., Westerville, is president. Terry Kelso, CPCU, CPIA, of Associated Insurance …
Local authorities are investigating whether a yacht club fire that heavily damaged 26 boats was intentionally set. The fire swept through the Miamogue Yacht Club’s boat yard off Seaview Avenue in Bridgeport shortly after 2 a.m. Friday. It took firefighters …
Willis Group Holdings, Ltd., the global insurance broker, named Steven E. Regnault as executive vice president and regional partner for Willis of New York, Inc. overseeing the New York region. Regnault, who joins Willis with 34 years of industry-leading performance …
