Florida-based insurance agency Brown & Brown has acquired the group employee benefits division of Roussel & Associates of Brentwood, Tennessee. The group employee benefits division, which has annualized revenues of $1.7 million, will relocate to Brown & Brown’s existing Nashville …
American International Group Inc. and former CEO Maurice “Hank” Greenberg said Monday they have agreed to privately arbitrate a shareholder lawsuit, and possibly another, potentially ending a an extended legal fight between the parties. Relations between Greenberg and AIG have …
As Hurricane Jimena nears the coast of Baja California, Mexico is bracing for the onslaught. The National Hurricane Center in Miami described the storm as “extremely dangerous,” with maximum sustained winds near 155 mph, 250 km/hr, with higher gusts. “Jimena …
Gulf Coast officials and residents marked the fourth anniversary of Hurricane Katrina with a mix of solemn remembrances and celebrations of how far the region has come in its recovery from the storm’s devastation. In New Orleans, the day began …
A wildfire in the mountains above Los Angeles has surged in every direction, going in a single day from a modest threat to a danger to some 10,000 homes. The blaze nearly tripled in size in triple-digit heat Saturday, leaving …
Two years into the global financial crisis, global reinsurers’ performance to date could be counted as an achievement, given the state of the financial services industry and the economy, says A.M. Best. The reinsurance industry entered 2009 with sound underwriting …
The UK’s Chartered Insurance Institute announced that its London Market faculty will hold a second “Counter Terrorist Workshop” in conjunction with the City of London Police on November 10. The CII said the first conference, held earlier this year, had …
Three bidders for AIG’s Nan Shan Life unit have offered less than $1.5 billion, far below the $2 billion the insurer had expected, sources close to the companies said on Friday, throwing the sale into doubt. Friday was the deadline …
North Dakota Insurance Commissioner Adam Hamm recently served an order to revoke the insurance license of Julia Beth Lutgen, a Fargo insurance agent who failed to notify the Insurance Department of an April 2009 criminal conviction. The revocation bars her …
A new analysis of government data reveals that more than 28,000 motor carrier companies that operate 200,000 trucks have violated federal safety regulations. The trial bar association, the American Association for Justice (AAJ), said it found commuters are sharing roads …
