A Sioux Falls man wanted on charges he and a business partner burned their business to collect the insurance money has been arrested in Arizona and scheduled for his first court appearance. Dai Thanh Ong, 27, and Chad Michael Blair, …
The Republic Group (Republic), based in Dallas, has entered the personal lines market in Arkansas, the company announced. Republic entered the state with its commercial lines products in December 2007. Republic companies will distribute homeowners, dwelling fire, commercial lines, and …
Universal North America Insurance Company, with corporate offices in Texas and Florida, has agreed to acquire the renewal rights to approximately 11,500 policies from the personal lines portfolio of Canton, Mass.-based Houston General Insurance Exchange. The acquisition includes homeowner and …
The last few years have been good ones for the property casualty insurance industry in terms of profitability. But it’s been a long time coming, according to Robert Hartwig, president of the Insurance Information Institute. The industry turned in record …
Democrat Hillary Rodham Clinton said she might be willing to have workers’ wages garnisheed if they refuse to buy health insurance to achieve coverage for all Americans. The New York senator has criticized presidential rival Barack Obama for pushing a …
Federal officials have approved the state’s request for a disaster declaration in the wake of the December winter storm that left much of the state without power. Officials placed the cost of the storm, which brought thick ice and snow, …
Keene, N.H.-based Peerless Insurance has released a new commercial property and liability coverage designed to cover nearly 400 classes of business. Called Custom Protector, the coverage can be customized for small and mid-sized businesses with receipts up to $15 million …
Information servcies company ChoicePoint reports it is acquiring Optimal Decisions Group, a firm that develops advanced analytics and software for the insurance industry. ODG develops predictive modeling, multi-year simulation and optimization models for insurance carriers in the U.S., United Kingdom …
Referring to what he felt were Allstate Insurance executives’ evasive answers to questions posed by Florida senators on Monday, Sen. Bill Posey, R-Rockledge, said he hadn’t seen so much bobbing and weaving “since Muhammad Ali’s rope-a-dope.” Allstate Floridian Insurance Co., …
The crisis in the subprime mortgage market has had little impact on availability, cost or policy conditions of directors and officers liability (D&O) and errors and omissions liability (E&O) insurance policies, according to a survey of financial sector risk managers …
