Italy’s Generali dropped out of the running for Royal Bank of Scotland’s insurance arm on Wednesday, hours ahead of a first bid deadline, prompting speculation that interest in the asset is fading. RBS, Britain’s second-largest bank, had been expected to …
Police in Utah have a little more power when it comes to keeping uninsured drivers off the road. A new state law allows police to impound any vehicle that is on the road and not insured. Before, police could only …
Novato, Calif.-based Fireman’s Fund Insurance Co.’Specialty Business named Michael Berg vice president/product executive for Inland Marine and Related Property. In this position, Berg will lead product strategy and client relationship management for the entirety of the Fireman’s Fund inland marine …
Colorado-based Cherry Creek Insurance and Gaspar Jones have merged operations. Beginning immediately, the companies will execute the integration of the two agencies. The combined staff of 55 insurance professionals will service more than 8,000 clients from Cherry Creek Insurance’s corporate …
Stockton, Calif.-based Western Maritime Insurance Services is celebrating its 25th anniversary. The west coast marine insurance wholesaler has grown to 2,500 agents and brokers in the 11 western states. Last year, the company expanded to 13 more states in the …
Residents in the Parkside neighborhood in the St. Clair County town of Centreville are more uneasy than ever after someone attempted to set another house on fire over the weekend. Since January, residents have reported that six houses have burned …
The board of directors of Iowa Mutual Insurance Company recently announced that it had elected Thomas R. Cole, president effective July 1, 2008. Iowa Mutual and its subsidiary, Iowa American Mutual Insurance Company, are affiliates of The Motorists Insurance Group …
K&K Insurance Group Inc., based in Fort Wayne, Ind., launched a new insurance program through Lloyd’s designed specifically to protect event organizers, promoters or sponsors against cancellation, abandonment, postponement, interruption, curtailment or relocation of insured events. The program’s ancillary coverage …
A group of Spanish workers injured by asbestos-containing insulation while working on Navy ships docked in Spain can sue the manufacturer of the insulation in New Jersey — where the products were produced — a panel of judges has ruled. …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit rating (ICR) of ‘bbb-‘ of Hanover Fire and Casualty Insurance Company of Conshohocken, Penna. However, Best also revised the outlook on both ratings …
