Two Des Moines area insurance companies have called off plans for a merger. American Enterprise Group Inc. of Des Moines and Homesteaders Life Co. of West Des Moines said in a joint statement that they’ve nixed the deal. The companies …
U.S. Senate Majority Leader Harry Reid vowed Monday to push to recoup millions of dollars in executive bonuses at taxpayer-funded insurer American International Group, but the legislation appeared to be losing momentum in the Senate. President Barack Obama voiced concern …
Fifteen of 20 American International Group leading bonus recipients have agreed to give them back in full, said New York’s top legal officer who is probing into $165 million in executive pay at the troubled company bailed out by the …
Willis Group Holdings announced the formation of FINEX Global, a new division that will incorporate all of Willis’ existing London-based Financial, Executive Risk and Professional Liability business. Willis noted: “FINEX was formed in London in 2004 as part of Global …
Lloyd’s announced an overall profit for 2008 of £1.899 billion ($2.78 billion), a 50 percent drop from the £3.846 billion ($5.64 billion) it posted in 2007, but given current economic conditions, a satisfactory result. Lloyd’s announcement also highlighted the following: …
Phoenix-based Sterling Grant & Associates has added Laurel Chamberlin as a producer. Chamberlin will focus primarily on marketing insurance to the multi-family property industry as well as retail, commercial, and office building management companies. Chamberlin has more 25 years of …
Two years after Bruce Johnson lost a racial discrimination suit against Walgreens Co., the Houston resident says he has some unfinished business with the drug store chain that he claims owes him more than an apology for the insulting treatment …
Sacramento, Calif.-based Alliance of Insurance Agents & Brokers has added a new commercial carrier relationship with ACE Complete. The ACE Complete program provides workers’ compensation coverage with hundreds of classifications in the small and middle market segment. The program is …
Insurance Brokers and Agents of the West (IBA West) announced that Paul K. Furlong has joined the association staff as president of the IBA West Service Corp. He will be responsible for the management of the association’s for-profit activities, including …
Young property/casualty insurance agents and brokers across the U.S. are being called upon to answer some questions … and have some fun. Who are you? What do you really think about your career? about your industry? about the older agents …
