Grange Insurance recently added Michelle Benz as president of the Grange Life Insurance Company. She replaces Tom Welch, previous president of Grange Life who was promoted to chief financial officer of Grange Insurance in April. Welch had been leading Grange …
Willis Group Holdings has launched a North American Yacht practice within its Marine Group, and has appointed a practice leader and team. “The new practice will serve the insurance needs of the owners of North America’s most prestigious luxury yachts, …
One of New York state’s largest auto insurers, GEICO, agreed to drop two requests for rate hikes after a plea by the state’s top regulator to consider the effect of high gas prices on customers’ driving habits. Following discussions with …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and the issuer credit rating (ICR) of “aa+” of Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF) with a stable outlook. Best also affirmed the FSR …
Cincinnati Financial Corp. held a webcast on Wednesday, Aug. 6 to discuss 2nd Quarter results for the company. Some of the key results are; * Net income at $63 million, or 38 cents per share in the second quarter of …
Bill Manney has announced his retirement from Texas-based insurance wholesaler Myron Steves after 40 years of service in the insurance industry. Manney served Myron Steves as West Texas business development representative. In announcing his retirement, Manney said, “It has been …
The Republic Group announced that Southern Insurance Co. has been selected by the Governing Committee of the New Mexico Property Insurance Program to act as servicing insurer for the New Mexico FAIR Plan for a three-year period beginning Jan. 1, …
A Texas Railroad Commission has found violations by a natural gas utility and one of its subcontractors connected to a deadly gas-related explosion in a Dallas suburb. The May 16 explosion destroyed two homes in McKinney and sent three people …
U.S. Attorney Sheldon Sperling has filed a complaint against former Oklahoma State Sen. Gene Stipe accusing him of illegally running an insurance company. Stipe pleaded guilty in 2004 of perjury, conspiracy to obstruct a Federal Election Commission investigation, and conspiracy …
Authorities in Boston have cracked what is believed to be the largest federal hacking and identity theft case ever, involving the theft and sale of more than 41 million credit and debit card numbers. Eleven people, including a U.S. Secret …
