The number of people in California hit by cars jumps 25 percent on Halloween versus the rest of October, according to Allstate Insurance Co. The insurer recently looked at its California auto insurance claims involving pedestrians over the past three …
Michigan-based Foremost Insurance Group is the newest member to join the Trusted Choice consumer branding program for independent insurance agents and brokers. Foremost is a provider for property and casualty insurance products in the United States. They join 57 other …
Indianapolis-based Oak Street Funding, one of the largest insurance lending firms for the insurance industry and insurance agencies, has been acquired by private equity firms managed by the firm Angelo, Gordon & Co. Terms of the deal were not disclosed. …
New Jersey-based insurance wholesaler Crump has hired Adam Kagan as chief market relations officer. Kagan will work with Crump’s wholesale and specialty programs units to assist in developing and expanding carrier relationships. He joins Crump following 17 years with Marsh, …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Dah Sing Insurance Company Limited (DSI), both with stable outlooks. Best said the affirmations reflect “DSI’s solid risk-adjusted capital position, …
Bermuda-based RenaissanceRe Holdings Ltd reported net income available to common shareholders of $204.8 million or $3.70 per diluted common share in the third quarter of 2010, compared to net income available to common shareholders of $258.6 million or $4.12 per …
Despite a public outcry over drivers who text, talk and e-mail that has prompted dozens of states to ban the practice, enforcing those laws is proving difficult. But Matthew Howard, co-founder and CEO of ZoomSafer, has created a novel way …
The town of Framingham has agreed to pay $1 million to settle a discrimination lawsuit filed by a social services agency that wanted to open a home for recovering drug addicts in town. The South Middlesex Opportunity Council claimed in …
The board of bailed-out insurer American International Group on Wednesday said Chairman Steve Miller would become interim chief executive if CEO Bob Benmosche is sidelined by his cancer treatment. AIG said on Monday that Benmosche had cancer and was receiving …
Two former Marsh & McLennan Cos. executives, whose criminal convictions in an insurance bid-rigging scheme were thrown out, sued their former employer, accusing it of depriving them of stock bonuses and severance. In a lawsuit filed on Wednesday in Manhattan …
