A unit of Warren Buffett’s Berkshire Hathaway Inc. has agreed to provide guarantees on XL Capital Ltd directors and officers (D&O) liability insurance policies that protect corporate boards and executives against lawsuits. In a regulatory filing, XL said Berkshire’s National …
Leading Senate Democrats unveiled Tuesday a plan to reshape U.S. healthcare that calls for sweeping insurance market reforms and prohibits insurers from denying coverage or charging more due to medical history. The measure also would require individuals to buy insurance, …
Delaware Insurance Commissioner Karen Weldin Stewart said The Hartford has agreed to refund over $150,000 to nearly 1,300 auto insurance customers due to the mishandling of the company’s rate filing for its AARP auto insurance program in the state. The …
A consortium including a New York investment firm and a Korean bank agreed to buy American International Group Inc.’s New York headquarters, the broker, CB Richard Ellis, said Tuesday. Youngwoo & Associates and Kumho Investment Bank agreed to buy the …
A downturn in the commodity markets has slowed the number of thefts in the Montgomery, Alabama area. Police in Elmore and Autuaga counties say when scrap copper was selling for $3.50 a pound, they constantly responded to thefts of things …
DeCotis Insurance Associates Inc. has named Devin B. Haughey as chief operations manager. Haughey will oversee the general management and operations of DeCotis, which is an independent excess, surplus and specialty lines firm with offices in Providence, Rhode Island and …
The Denver office of Lockton Companies LLC, a privately owned independent insurance brokerage, announced that Jason Maples, Frank Arcara and Ron Lottridge will be joining the firm. Maples, the founder and managing partner of Strategic Financial Partners (SFP) in Denver, …
The California Department of Insurance held a workers’ compensation insurance claims cost benchmark hearing on June 8, at which suggestions were made on changes that could be made to the workers’ comp system to reduce costs. According to the state …
Shreveport, La.-based Ark-La-Tex Underwriters Inc. (ALTU) announced that Jim Fenley has joined the firm as marketing director. Fenley has more than 30 years of experience with insurance wholesalers in Texas. He has held various positions with general agencies, including service …
Oklahoma Gov. Brad Henry has appointed Judge Kent Eldridge as presiding judge of the Oklahoma Workers’ Compensation Court. Eldrige succeeds Judge Mary Black. Judge Eldridge selected Judge Michael J. Harkey as vice presiding judge to succeed Judge Tom Leonard. Source: …
