The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate Monday as Republicans united to prevent action on the bill. The vote gives Republicans leverage to extract more concessions from Democrats on a measure …
Leavitt Insurance Agency of San Diego, a Leavitt Group affiliate, has hired Matthew Martinez as a licensed insurance agent. Before joining the agency, Martinez completed an extensive training at the Leavitt Group’s headquarters in Cedar City, Utah. Previously, Martinez was …
A.M. Best Co. announced that it plans to withdraw its Canadian public data (pd) rating assignments on or about August 31, 2010. It will assign a category NR-5 (Not Formally Followed) to the financial strength ratings and an “nr” to …
Massey Energy says it will provide financial packages providing health care and other benefits for the families of 29 miners killed in the nation’s worst mining disaster in 40 years. Massey officials announced Monday that the Virginia-based company will cover …
The families of three New Jersey boys who died in the trunk of a parked car as police searched for them have settled lawsuits against the city of Camden. The families of 11-year-old Anibal Cruz, 6-year-old Daniel Agosto and 5-year-old …
Crews have been using a robot submarine to try to stop an oil leak resulting from the explosion at an oil drilling platform off the coast of Louisiana. The oil is leaking nearly a mile below the surface of the …
Violent thunderstorms packing winds up to 90 miles per hour struck a six-county area southeast of Dallas early on April 24 causing thousands of windstorm claims, the Insurance Council of Texas reports. One fatality occurred in Van Zandt County from …
National Interstate Corp., headquartered in Richfield, Ohio, announced that its principal insurance subsidiary, National Interstate Insurance Co., will acquire Fenton, Mo.-based Vanliner Insurance Co., a subsidiary of UniGroup Inc. Vanliner provides insurance for the moving and storage industry. Under the …
Global insurance broker Willis Group Holdings, which has vowed to not accept contingent commissions, is urging risk managers to insist that all brokers they do business with also drop the controversial revenue source. Willis has launched an Internet campaign, dubbed …
Pennsylvania-based GUARD Insurance Group has promoted two execs to oversee key product lines for the company. Tom Denis has been named vice president of property and casualty. In this new position, he will ensure the systems, coverages, pricing and distribution …
