Florida Chief Financial Officer Alex Sink issued an order revoking the license of a Tampa Bay-area insurance agent for exploiting seniors in the sale of annuities. The Department of Financial Services accused Sharon Razdar, 49, of misleading and deceptive practices …
The Hanover Insurance Group, Inc. has agreed to acquire a professional liability insurer, Professionals Direct, Inc., for $23.2 million. Professionals Direct is the Michigan-based holding company for the Professionals Direct organization, a provider of professional liability insurance for small and …
Willis Group Holdings, (NYSE:WSH), the global insurance broker, announced today that Willis Energy has recruited John Giblin, who will be based in San Francisco, and Gary Shmalenberger, who will be based in Baltimore, to its North American service team. They …
Business advocates and trial lawyers could be headed for a showdown over Oregon’s product liability laws before the legislative session comes to its scheduled end next week, and the verdict is anything but certain. The fight is over the ban …
A Los Angeles insurer has been fined $100,000 for multiple violations of Washington insurance laws discovered during a market conduct examination of the company by the Washington Office of the Insurance Commissioner. Farmers Insurance Exchange and Truck Insurance Exchange, a …
Newark, Calif.-based Risk Management Solutions (RMS), a risk modeling company, has designed the trigger mechanisms and performed the risk analysis for a securitization of multi-peril, multi-event catastrophe risk. Fremantle Ltd, based in the Cayman Islands, will provide $200 million of …
FinCor Holdings Inc. announced on Friday, June 22 that its Washington Casualty Co. (WCC) subsidiary has had its license to underwrite insurance fully reinstated in Idaho by the Idaho Department of Insurance. FinCor Holdings, a Lansing, Mich.-based provider of specialized …
Mark Forrester joins Regions Insurance Group as president and CEO of the Memphis, Tenn., office and will oversee property and casualty, employee benefits and personal lines practices. He brings 30 years of insurance experience to RIG. Forrester is a former …
A Southern California agent has been convicted of one felony count of grand theft and sentenced to serve jail time and pay full restitution to her victims for stealing more than $11,000 from her clients. According to California Department of …
Blackstone Group LP’s shares jumped more than 13 percent last Friday on the New York Stock Exchange, after the buyout powerhouse raised $4.1 billion in its initial public offering. The highly-anticipated IPO, which priced at $31 per share about a …
