Lloyd’s announced that it has graduated the first group of graduate students from its new Program, which features an 18 month rotation, after which the new graduates will continue to work in London’s insurance industry. Eight of the original nine …
Wells Fargo Insurance Services has hired Lisa Flick as a commercial lines account executive in the Fargo, N.D., office. Flick will be responsible for servicing an existing book of commercial lines business. Flick joins Wells Fargo Insurance Services with more …
Honolulu-based Island Insurance has lowered its personal auto insurance rates an average of up to 3.5 percent, depending upon coverage limits, rating company and territory.The reduced rates will affect personal auto policyholders of Island Insurance Co. Ltd. and its affiliate …
Stiff competition and moves by owners to protect ships better has taken the edge out of insurance costs after pirate attacks off Africa’s east coast created a two-year boom for specialist cover. But analysts say the menace of piracy is …
Victor O. Schinnerer & Company, Inc. has acquired HSBC Insurance Services (USA) Inc., the energy insurance brokerage of HSBC Insurance. Effective April 1, 2010, the acquisition adds energy companies, utility companies and specific contractor classes to Schinnerer’s property and casualty …
Los Angeles-based Farmers Insurance Group of Companies announced a new partnership with the American Red Cross. Called “Ready When the Time Comes,” this is a program which prepares volunteers to assist during local, large-scale disasters. Farmers will be the lead …
Yates & Associates Insurance Services based in Tustin, Calif., is expanding into the Inland Empire region of California by opening an office in San Bernardino County. Brenda Smotherman will be senior commercial lines underwriter at the new Redlands branch. Cynthea …
BrickStreet Mutual Insurance Co. announced a $50,000 gift to Marshall University to benefit the Lewis College of Business. The contribution will further the development of an Insurance and Risk Management program at the university. According to Marshall officials, no other …
A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating of “bbb” of VICTORE Insurance Company (VIC) of Oklahoma City, both with stable outlooks. The ratings reflect VICTORE’s current “modest underwriting leverage, sound balance …
Arkansas regulators have suspended the Certificate of Authority of Lincoln General Insurance Company, domiciled in Pennsylvania, due to the company’s “financially hazardous condition.” In a March 24 order, Arkansas Insurance Commissioner Jay Bradford said Lincoln General’s capital and surplus had …
