A new professional liability insurance program for lawyers in the Midwest was recently announced by AltaPro Insurance Services (AltaPro) and Valiant Insurance Co, both based in Michigan. AltaPro and Valiant Insurance Co. have allied to offer a new program designed …
Illinois-based Arthur J. Gallagher & Co. announced it has acquired Summit Insurance Group in San Antonio, Texas. Terms of the transaction were not disclosed. Established in 1997, Summit Insurance Group offers a wide range of employee benefit consultation and brokerage …
Both Arkansas Insurance Commissioner Julie Benafield Bowman and Louisiana Commissioner of Insurance Jim Donelon have issued statements seeking to reassure policyholders in the wake of the federal takeover of insurance giant American International Group (AIG). Bowman said she joined with …
On Sept. 17, Fitch Ratings revised its Rating Watch on American International Group Inc. (AIG) and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which the Federal Reserve Bank of New …
The American Insurance Association is participating in this week’s conference “Out of the Storm: Confronting America’s Catastrophic Risk Crisis,” organized by the South Carolina Department of Insurance and the Competitive Enterprise Institute. The conference, ongoing through Sept. 19 in Hilton …
Arkansas Attorney General Dustin McDaniel has begun issuing subpoenas over spikes in fuel prices at 52 gas stations around the state as Hurricane Ike approached the Texas coast. McDaniel said more than 1,450 people phoned his office with complaints and …
The Texas Windstorm Insurance Association (TWIA) on Sept. 17 announced that anticipated claims from Hurricane Ike will force it to use the entire $370 million remainder of its Catastrophe Reserve Trust Fund, according to the Texas Coalition of Affordable Insurance …
Researchers at the University of Kentucky found that inadequate size guidelines for all-terrain vehicles may be a contributing factor to a recent string of injuries and deaths. The study results announced Sept. 17 found national guidelines don’t account for variances …
The owner of a Louisville, Ky. amusement park where a ride malfunction severed a teenage girl’s feet filed suit against the manufacturer of the thrill ride. The Courier-Journal reported Six Flags Kentucky Kingdom claims the manufacturer, Intamin, should be held …
American International Group Inc. may not sell assets for as much as it would like, as it scrambles to meet terms of its U.S. government bailout. The giant insurer narrowly avoided bankruptcy late Tuesday after the U.S. Federal Reserve agreed …
