Columbus, Ohio-based Grange Mutual Casualty Company announced today the promotion of J. Paul McCaffrey, Jr. to vice president, chief risk officer, a newly-created position at the company. Previously, McCaffrey was serving as vice president, finance, a position he has held …
Seattle-based Physicians Insurance A Mutual Co. has been upgraded to an A- rating by A.M. Best Co. In its news release on April 23, 2008, A.M. Best noted that Physicians Insurance’s “excellent risk-adjusted capitalization, conservative reserving philosophy and aggressive claims …
Zurich Financial Services Group announced that it has signed agreements to acquire a 50 percent stake in Spain’s Caixa d’Estalvis de Sabadell’s life and general insurance companies, CaixaSabadell Vida, S.A. de Seguros y Reaseguros (CSV), founded in 1988, and CaixaSabadell …
Marsh, Berry & Company Inc. has released an overview of the state of the insurance distribution system for 2008 and beyond. This research report documents historical and projected insurance agency/broker value, merger & acquisition activity, and organic growth best practices …
Hilb Rogal & Hobbs Company (NYSE:HRH) reported total revenues were up 4.4 percent for first quarter 2008 over the same period in 2007, but net income for the first quarter decreased 38.5 percent HRH reported that total revenues were $206.8 …
An Ohio woman who first sought disability benefits from MetLife Inc. in 2000 says she “never in a million years” expected it would end up as a Supreme Court case. But on Wednesday, the justices will hear oral arguments in …
Zurich recently announced that its North American Environmental business unit has added an environmental liability policy named Z Choice to its portfolio of insurance solutions. This menu-driven form enables policyholders to customize the coverages and limits (up to $50 million) …
Gov. Brad Henry has signed legislation to require Oklahoma daycare centers to carry liability insurance to compensate families whose children are injured or killed while in the day-care’s custody. The bill, entitled Demarion’s Law, is named for Demarion Pittman, a …
Arkansas Insurance Commissioner Julie Benafield Bowman announced a decrease in workers’ compensation rates effective July 1, 2008. Since the passage of an all-encompassing workers’ compensation legislative reform package in 1993, along with the implementation of high workplace standards and aggressive …
