Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage West Coast Auto Insurance Services. The acquisition broadens Confie Seguros’ presence throughout California. According to the company, its management team has …
In response to global insurance industry software needs, Oracle has formed a new business unit, Oracle Insurance, and unveiled Oracle Application Integration Architecture (AIA) Foundation Pack for Insurance at the San Francisco Oracle OpenWorld. Oracle Insurance is designed to serve …
Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S. government. Buffett said he expressed interest in buying parts …
The U.S. property/casualty industry’s net income after taxes fell more than 50 percent to $15.9 billion in the first half of 2008 on a combination of deteriorating underwriting results and declining investment returns. As a result, the U.S. property/casualty industry’s …
The Oregon Department of Consumer and Business Services (DCBS) recently revoked the licenses of a Portland insurance agent and her agency, and fined the agent $43,714 for misappropriating clients’ premium money, being dishonest with clients, and failing to respond to …
Birmingham, Ala.-based Sloss Industries incurred $182,500 in proposed penalties for exposing workers to safety hazards at its fiber divisions manufacturing plant. the Occupational Safety and Health Administration proposed the penalty. In a Sept. 22 news release from the agency, OSHA …
Officials say Hurricane Gustav inflicted more than $25 million worth of damage in Alexandria, La., when it blew through in early September. About half of that amount came from estimated damage caused by roof collapses at the Alexandria Mall during …
Houston-based employee benefits brokerage and consulting firm Madison Benefits Group plans to join forces with national insurance brokerage firm Higginbotham & Associates, headquartered in North Texas. The new partnership expands Madison Benefit’s current service offerings by adding personal and commercial …
The Kentucky Office of Insurance says it’s too early to tell if the severe winds caused by the remnants of Hurricane Ike will result in insurance rate hikes. The Courier-Journal reported insurers have received tens of thousands of claims related …
Matt Womack, a partner with the Watkins Insurance Group in Austin, Texas, has been honored with Independent Insurance Agents of Austin’s Presidents’ Award. The award is based on performance and is given out by the outgoing president of IIA Austin. …
