American International Group, Inc. reported that its wholly owned subsidiary, AIG General Insurance Company China Limited, headquartered in Shanghai, Peoples Republic of China, has been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a branch in Beijing. …
Houston, Texas-based underwriter, SureTec, named Jay Edenfield as vice president in charge of southeast operations in its new Tampa office. Edenfield has over 25 years of surety experience and worked as chief surety executive for several national surety organizations. Source: …
The Clark Art Institute in Williamstown, Mass. has landed a $5 million grant from the Starr Foundation. The money will be used to fund the directorship of Clark’s research and academic program. Director Michael Ann Holly says the program, founded …
Progressive is introducing an optional car insurance program in Alabama that offers lower rates on vehicles that are driven in less risky ways. The behavior-based insurance program, called MyRate, gives drivers a customized rate based on how, how much, and …
The Supreme Court under Chief Justice John Roberts has carved out a reputation for pro-business rulings in a series of important decisions. In its recently ended term, the high court threw out the largest punitive damages award in U.S. history …
New York Insurance Superintendent Eric Dinallo said Monday a revival of the defunct New York Insurance Exchange could happen as early as next year. Dinallo, in a telephone interview from New York, said the next 18 months was a “realistic …
The Navigators Group, Inc. has launched underwriting operations in Sweden through its new underwriting agency, NUAL AB, and has opened a Stockholm office. The office, under the leadership of Sverker Edstrom, managing director, NUAL AB, will initially focus on management …
Hub International Limited reported that Hub International Northeast has acquired the assets of United Benefit Consulting, Inc. (UBC), a Long Island, N/Y.–based firm specializing in employee benefit consulting services. Terms of the transaction were not disclosed. The employees of UBC …
Harleysville Insurance has appointed Gilbert M. Benjamin as regional president of its Southeast operation. In this position, he is responsible for the underwriting, agency management and support functions throughout the region—which is headquartered in Atlanta, Ga., where Benjamin is based, …
Pennsylvania homeowners may be entitled to a reduction in their homeowners’ insurance premiums, thanks to The Mortgage Property Insurance Coverage Act that Gov. Rendell signed into law on July 4. The law, which was spurred by the trade association Insurance …
