Pennsylvania-based Harleysville Insurance Group posted an $8.1 million profit in the first quarter – a drop compared with the $17.3 million it made in the year-ago quarter, but enough to earn an upgraded rating from A.M. Best. Catastrophe losses were …
Arthur J. Gallagher & Co. reported that total brokerage and risk management revenue for the 2010 first quarter was $414.9 million compared to $401.7, for the 2009 first quarter. Brokerage revenue came in at $303.5 million for the first quarter …
Iowa-based Grinnell Mutual Reinsurance Company has issued its first auto policies in the state of Oklahoma, the company announced. Through its longtime relationship with Farmers Mutual Fire Insurance Company in Okarche, auto insurance, along with other personal lines products from …
Insurance companies that take too long to pay health care claims in Missouri could face financial penalties beginning next year. Gov. Jay Nixon has signed the so-called “prompt pay” legislation. The legislation sets up time frames for health care providers …
The Louisiana Senate has passed a measure that would ban against property insurers dropping or changing coverage for homes or businesses that contain Chinese-made drywall, which has been blamed for home corrosion and health concerns. The bill by Sen. Julie …
Kara Altenbaumer-Price has joined USI Southwest in Dallas as director of Complex Claims and Consulting. Altenbaumer-Price comes to USI Southwest from the Corporate Compliance, Investigations and Defense group at Andrews Kurth LLP. Altenbaumer-Price will work with Steve Campo, MPS Practice …
American International Group (AIG) has “remained relatively stable” thanks in great measure to the more than $180 billion in taxpayer assistance the giant insurer has received since March 2008, according to a new government report on the Troubled Asset Relief …
Florida’s 21st Century Holding Co. has dropped its bid to acquire domestic property insurer HomeWise Holdings at the same time it reported that its own Florida property insurance unit it has received approval to raise rates 14.9 percent on some …
CNA announced that Robert Ivey, who recently joined the company as branch vice president of its Philadelphia office, has also been appointed branch vice president of its Reading, Pennsylvania office. In his new position, Ivey has continued responsibility for expanding …
A Rhode Island man is suing the state Division of Motor Vehicles, saying the agency told him his license was being suspended but failed to give a valid reason. Gerald Carbone, of Warwick, says he received a notice last week …
