B&T, UnionBanc Insurance Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation in California, where …
Republican Sen. Mel Martinez of Florida is in a position to help move along a bill that could lower property insurance rates in disaster-prone states, but hasn’t been aggressive enough in doing so, said the two Democratic House members sponsoring …
Think playing quarterback is tough? Try selling insurance. “I thought the NFL was a cutthroat business,” Chris Redman joked coming off the field after practice with the Atlanta Falcons. “Let me tell you, the insurance business is just as cutthroat.” …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group, Inc. announced that James Drinkwater has been named president of its AmWINS Brokerage division. In this role, Drinkwater will be responsible for the day-to-day management of the division, which is focused on …
A South Carolina workers’ compensation exclusivity statute did not bar an employee from filing claims for invasion of privacy and false imprisonment in a psychiatric hospital, according to a recent U.S. District Court ruling. According to the case background, Jackie …
The nation’s coal operators have six months to submit plans for complying with new federal requirements covering stronger seals and increased monitoring to ward off explosions in underground coal mines. The changes stem from a Jan. 2, 2006, methane gas …
77% The drop in first quarter net income reported by Allstate Corp., which said it was hurt by write-downs in its investments and larger-than-expected catastrophe losses. Net income fell to $348 million, or 62 cents a share, from about $1.5 …
Tens of thousands of ill Florida smokers and families of those who died are lining up for a share of a $600 million fund created by major tobacco companies as part of a 14-year-old lawsuit against cigarette manufacturers. The Florida …
Tens of thousands of ill Florida smokers and families of those who died are lining up for a share of a $600 million fund created by major tobacco companies as part of a 14-year-old lawsuit against cigarette manufacturers. The Florida …
Can’t Prove Fraud “Judge Senter has confirmed what we have been saying all along – this is a basic wind/water dispute and plaintiffs cannot prove fraud.” —State Farm spokesman Jonathan Freed said April 21 after a federal judge dismissed claims …
