American International Group Inc. Chief Executive Robert Benmosche told employees he is confident a $35.5 billion deal to sell its Asian life insurance unit would move forward, a source familiar with the matter said. Benmosche made the comments about the …
Allstate announced it has launched a recruitment campaign throughout the West to attract exclusive agents for 30 offices in Utah, 50 offices in Arizona, 40 offices in Nevada and 30 offices in New Mexico. Targeted areas within Utah include the …
Tthe percentage of medical services to injured workers delivered by network physicians jumped sharply immediately after Medical Provider Networks (MPNs) were introduced into the workers’ compensation system in 2005, a new California Workers’ Compensation Institute (CWCI) study shows. The research …
PURE Risk Management LLC, based in White Plains, N.Y., is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer comprehensive, customized property and casualty insurance coverage to responsible owners of well-built, high-value homes in Texas. The …
Bermuda-based Ironshore Inc. has completed a private offering of $250 million of 8.50 percent senior notes due 2020. The notes were issued by Ironshore Holdings (U.S.) Inc., a wholly owned subsidiary of Ironshore, and are fully and unconditionally guaranteed by …
The payment per claim for prescription drugs used to treat injured workers in Texas was nearly one-third higher than in most study states, according to a new study by the Workers Compensation Research Institute (WCRI). The 16-state study by the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of Hallmark Insurance Group (Hallmark Group) of Fort Worth, Texas, and its operating members. Additionally, A.M. Best affirmed the ICR …
Western National Insurance Group, headquartered in Edina, Minn., has hired Daniel E. Stein to lead the group’s upcoming entry into surety business. Stein joins Western National with more than a decade of surety-related underwriting and leadership experience. He began his …
The Iowa Division of Workers’ Compensation has named Jennifer Gerrish-Lampe and Erica Elliott as new Deputy Workers’ Compensation Commissioners. Gerrish-Lampe will be joining the division from her current position with the Office of the Iowa Attorney General. Elliott has previously …
Boston-based Liberty Mutual Group today announced that its subsidiary, Liberty Mutual Agency Corp. (LMAC), consisting of substantially all of the operations currently conducted by its Agency Markets strategic business unit, has filed a registration statement with the U.S. Securities and …
