American Heritage Financial, an insurance agency in Wallingford, Connecticut, has joined the Satellite Agency Network (SAN) Group Inc., both firms announced. “American Heritage Financial wants to remain an independent agency while representing the buyer in multiple markets,” said agency owner …
HR 3424 will be the subject of a hearing House by the House Representatives Ways and Means Committee today at 10:00 a.m. The Bill, sponsored by Rep. Richard E. Neal (D-MA), has been the subject of a lengthy debate [See …
Aon Corp. will spend $4.9 billion to buy Hewitt Associates Inc., in an aggressive bid to leapfrog archrival Marsh and McLennan and create the world’s largest human resource services company. Aon, in its largest-ever deal, would issue 64 million shares …
BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which has been gushing into the Gulf of Mexico for the last 12 weeks. [According to Reuters BP Plc will launch …
A Manhattan federal judge Monday rejected Citigroup Inc.’s bid to dismiss a class-action lawsuit by bondholders who said the bank misled them about its exposure to “toxic” mortgages. U.S. District Judge Sidney Stein said the bondholders could pursue allegations that …
The board of American International Group is set to meet this week to consider the future of its AIA unit, with a public float seen as the most likely outcome, sources said on Tuesday. An initial public offering of AIA, …
QBE’s European division announced that Petko Tonchev has been promoted to General Manager for Central and Eastern Europe and Felix Jenny will take up the interim position of General Manager of QBE‟s German operation. Both roles are effective immediately. They …
The early appearance of Hurricane Alex, which hit Mexico and the Gulf coast of the U.S., was, according to experts at Swiss Re, “a relatively unusual occurrence in June and could signal a very active hurricane season.” Insured losses, caused …
Los Angeles-based Mercury General Corp. announced that on Monday, Aug. 2, 2010, it will release results for its second quarter ended June 30, 2010. The company will host an investor conference call and Web cast that same day at 10 …
Towerstone, Inc., a wholesale insurance broker and managing general agency, has launched Towerstone National Energy Program, a new insurance program for the energy sector. The program is exclusive to Towerstone through the insurance carrier Hallmark Specialty Insurance Company. The Towerstone …
