In a move, which it described as designed to “strengthen its standing as one of the leading global brokers in Asia,” Willis Group Holdings announced that it has “increased its shareholding in its Malaysian business, Willis (Malaysia) Sdn. Bhd, from …
According to catastrophe risk modeling firm AIR Worldwide, a major earthquake struck off the southwestern coast of New Zealand on Wednesday July 15 at 8:22 p.m. local time (9:22 a.m. UTC). The United States Geological Survey has issued a preliminary …
American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday. The talks for AIG Edison Life Insurance Co and AIG Star Life Insurance, which …
The San Francisco Municipal Transportation Agency has voted to buy a one-year excess transit liability (catastrophic loss coverage) insurance policy with American Merchants Casualty Co. and Everest National Insurance Co. for an annual premium of $2.4 million, which includes a …
Colemont Insurance Brokers is pleased to announce that Blake Baker has been promoted to vice president in the company’s Woodland Hills, Calif., office. Baker is a workers’ compensation specialist with more than 20 years of experience. He specializes in construction, …
Manhasset, N.Y.-based NIF Group Inc. has introduced NIF Insurance Services of California. This division of NIF Group was formerly HDR Insurance Services of Sacramento, Calif. HDR is primarily known for its program underwriting in the artisan contractor’s area. NIF Insurance …
SAN DIEGO – (July 16, 2009) – Gaining access to the E&S coverages and programs of new Markets is critical for the success of every agent and broker competing today. And the MyNewMarkets.com Exchange offers the perfect venue to accomplish …
American International Group, Inc. (AIG) today announced it will accelerate steps to position American Life Insurance Co. (ALICO) as an independent entity and seek an initial public offering and public listing in New York, depending on market conditions and subject …
After months of trying, Florida state officials and State Farm Florida have been unable to agree on the details of the insurer’s plan for withdrawing from the state, so steps have been taken to have an administrative law judge decide. …
By looking at factors not typically analyzed after a major wildfire, San Diego State University (SDSU) researchers found that the actual economic impact of the 2003 San Diego wildfires was $2.45 billion, over $2 billion more than was actually estimated. …
