Houston-based Dean & Draper Insurance Agency LP announced it has completed an agreement to acquire John S. Dunn & Son Inc., one of Houston’s oldest and most respected insurance agencies, effective Nov. 1. For Dean & Draper, the acquisition translates …
CNA Financial Corp. announced third quarter 2010 results, which included a net operating loss of $158 million, and net loss of $140 million. The third quarter 2010 results included an after-tax net loss of $365 million related to the previously …
CNA Financial Corp. has proposed to acquire all of the outstanding shares of common stock of CNA Surety Corp. that are not currently owned by subsidiaries of CNA for $22.00 per share in cash. CNA, through its subsidiaries, currently owns …
New York-based First Niagara Risk Management has acquired Summit Insurance Group and Summit Benefits, both of Pennsylvania, for an undisclosed sum. The two businesses, founded by Rennie Rodriguez and Kevin McAdams, will adopt the First Niagara brand immediately, the company …
The European Commission has issued a formal letter on Solvency II equivalence to the Committee of European Insurance and Occupational Pensions Supervisors (CEIOPS) indicating that it should “carry out equivalence assessments” on Switzerland, Japan and Bermuda. The assessments would determine …
A.M. Best’s analysts don’t expect to see much change in premium levels in the near future, nor do they expect to see significant changes in rating levels. “We expect the rates to remain stable, and to show some decline in …
A North Carolina woman has been arrested on charges that she took insurance claim checks from an October 2009 house fire that destroyed her grandmother’s residence. Insurance Commissioner Wayne Goodwin announced the arrest of Dawn Hathcock Morris, 40, of Albemarle, …
A Pennsylvania woman is suing natural gas driller Chesapeake Energy Corp. and two of its subsidiaries, claiming that drilling near her rural home has fouled the water with methane and other pollutants and created a rash of health problems since …
A new Michigan law that doubles the jail sentences and license suspensions for first-time offenders who drive after drinking excessively is intended to keep “super-drunk” motorists off the state’s roadways, a state lawmaker says. One provision of the law that …
Authorities Sunday urged hundreds of thousands of Haitians living in crowded tent camps to seek new shelter as Hurricane Tomas roared across the Caribbean with Haiti in its projected path. Tomas was downgraded to a Category 1 storm after ripping …
