San Diego-based BB&T Insurance Services of California Inc. announced it has named Jim Bayne as area president of its BB&T/John Burnham insurance brokerage. Prior to joining Burnham, Bayne served as area president and branch manager of Arthur J. Gallagher Company’s …
The New York Federal Reserve was hosting meetings Monday on the situation of embattled insurer American International Group Inc. with representatives of the Treasury Department, financial services firms and state officials, an official said Monday. “At the request of AIG …
It’s not quite business as usual in Houston Monday after Hurricane Ike knocked out power to millions, shattered skyscraper windows and wiped out water pressure in the nation’s energy hub. In the midst of an oil boom, the storm’s destruction …
The director of Minnesota’s Medicaid program says the state has two weeks to persuade federal Medicaid leaders to stop a plan that would cut off coverage for 18,000 Minnesota parents. State Medicaid Director Christine Bronson says the cuts would affect …
Assurant Specialty Property and National ID Recovery (NIDR) have launched a Red Flag ID fraud detection, notification and protection program for financial institutions and credit unions. Red Flag ID Fraud Solutions is a collaborative identity theft solution created in response …
Estimates of insured damage from Hurricane Ike vary widely – from $6 billion to $18 billion, according to several catastrophe risk modeling firms, but Texas Insurance Commissioner Mike Geeslin has pointed out that only insurance adjusters on the ground would …
Mid-year earnings from bank insurance brokerage hit their highest level ever in the first half of 2008. Bank insurance brokerage earnings in the first six months of 2008 were $2.12 billion, up 6.4 percent from $1.99 billion in the first …
In the aftermath of Hurricane Ike, the Independent Insurance Agents of Texas has initiated its catastrophe response plan to offer assistance to member agencies that have been severely adversely affected by the massive storm. The plan includes a statewide call …
A painting company owner told a worker to pose as a qualified scaffold-rigging foreman on a job where a scaffold collapse killed another employee, investigators said Friday. The owner and worker were arrested on misdemeanor criminal impersonation charges a day …
NYMAGIC, Inc. reported that its MMO Agencies unit has begun to write new business through 10 offices of surplus lines agents in Florida, New York, New Jersey and Kentucky, and that it expects to add offices of surplus lines agents …
