Liberty Insurance Co. Limited (LICL), a wholly owned subsidiary of Liberty Mutual Group, has been granted approval to establish a branch in Beijing by the China Insurance Regulatory Commission (CIRC). Beijing is the first branch established by LICL in China …
It’s a bear market for Warren Buffett’s Berkshire Hathaway Inc., too. The shares of the billionaire’s insurance and investment company have dropped more than 20 percent from their most recent peak, the first time that has happened since February 2003. …
More than 1,400 fires that burned as part of California’s lightining series have been contained due to the endless efforts of firefighters from California, as well as from throughout the nation and Canada, according to CalFire. In total, 1,781 fires …
Global insurance broker Willis Group Holdings said it has acquired 100 percent of Willis Kft, its joint-venture operation in Hungary, by purchasing the 20 percent stake of its local broker partner, Erix. The deal was completed on June 30, 2008. …
Employers must conduct utilization reviews when deciding whether to approve or deny an injured employee’s request for workers’ compensation medical treatment, the Supreme Court of California has ruled. In State Compensation Insurance Fund v. Workers’ Compensation Appeals Board and Brice …
In an expansion of its Southern California operations, Edgewood Partners Insurance Center (EPIC), a retail property and casualty and employee benefits insurance brokerage firm, opened a new office in Los Angeles. Chris McTigue was appointed managing principal. Ray Skarzenski was …
Los Angeles-based Mercury General Corp. will release results for its second quarter ended June 30, 2008, on Aug. 4, 2008. The company will host an investor conference call and Webcast that same day at 10 a.m. PST. All interested investors …
The financial condition of the property/casualty industry is strong; and, it should be able to withstand the current price deterioration, according to a new Property-Casualty Industry Forecast by Conning Research and Consulting. “The outlook for the next three years through …
There’s a renewed focus by the Alabama Department of Public Health on the dangers of All Terrain Vehicles. State officials launched a statewide educational campaign July10 to warn citizens about the dangers of allowing anyone under age 16 to ride …
Federal officials say they’ve approved more than $3.6 million in disaster assistance grants for severe flooding in Illinois last month. The Federal Emergency Management Agency announced the funds Saturday. The money pays for temporary rental housing, home repairs and replacement. …
