Visalia, Calif.-based Troy Korsgaden Insurance Agency of Farmers Insurance Group is awarding seniors from five Visalia, Calif., high schools with scholarships to recognize students who exceed academically and dedicate their time to community service. Introduced for the first time this …
Kansas City, Mo.-based Ascension Insurance Inc. has announced it is acquiring three insurance agencies in California, expanding its commercial and employee benefits capabilities on the West Coast and adding specializations in student health insurance, employee benefits for nonprofit organizations and …
With many insurers and financial institutions looking to fund potential capital shortfalls by divesting non-core insurance businesses at attractive valuations, strategic buyers and sovereign wealth funds may be able to expand into new markets through acquisition, according to Deloitte’s “The …
A federal government workplace safety program that relies upon voluntary cooperation by employers needs stepped-up oversight to assure that only qualified companies participate and that safety problems found in workplaces are fixed. That’s according to a Congressional review of the …
Florida’s biggest private insurer of property, State Farm Florida, has told Gov. Charlie Crist it would “be willing to re-examine its options” and its decision to leave the state’s home insurance market if he signs a bill on his desk …
Montana’s Department of Insurance is now handling the operations of the Surplus Lines Stamping Office. Under the change, the agency will directly review and process surplus lines submissions, verify that agents are licensed, determine the applicable stamping fee owed, and …
Texas Gov. Rick Perry on Friday signed into law bills to restructure the state’s windstorm insurance fund, the only property insurer for homeowners and business in 14 coastal counties, and provide financial help to areas still struggling to recover from …
New York-based Tower Group, Inc. has agreed to purchase Illinois-based specialty insurer Specialty Underwriters’ Alliance, Inc. in a transaction valued at approximately $107 million. Under the terms of that agreement, SUA shareholders would receive Tower common stock equal to $6.72 …
A.M. Best Co. has downgraded the financial strength rating to ‘D’ (Poor) from ‘C-‘ (Weak) and issuer credit rating to “c” from “ccc-” of Florida-based Argus Fire & Casualty Insurance Company, both with negative outlooks. “These rating actions reflect Argus’ …
Lockton Dunning Benefits has added several benefits experts to the Dallas-based health and welfare consulting company signifying continued growth and crucial positioning in anticipation of health care reform. Steve Bohannon joins the Lockton Dunning Benefits team as senior vice president …
