February 16, 2012
Zurich Financial Services Group announced that its board of directors will propose a name change on March 29, 2012 that will reflect that it has streamlined its business portfolio to concentrate on insurance over the last few years. The company’s …
February 16, 2012
With the 2012 session half over, opposition from the Legislature’s conservatives has all but ended Gov. C.L. “Butch” Otter’s plan for using a $20.3 million federal grant for a state-run insurance exchange required by Congress’ health care overhaul. Discussions between …
February 16, 2012
Two dog owners filed a lawsuit claiming their pets were mutilated while being groomed at an Oahu pet store. The lawsuit filed in state court Monday said plaintiff Gladys Kapuwai dropped off her dog Dodo for grooming at the Petco …
February 16, 2012
A judge on Tuesday granted California and four other states more time to consider objecting to a class-action settlement between Honda Motor Co. and car owners over inflated fuel-efficiency claims about the automaker’s hybrid vehicles. The states’ sudden interest in …
February 16, 2012
State Auto Financial Corp., headquartered in Columbus, Ohio, reported fourth quarter 2011 net income of $100.6 million, or $2.49 per diluted share, versus $37.6 million, or $0.94 per diluted share, for the fourth quarter of 2010. STFC’s GAAP combined ratio …
February 16, 2012
Pleasant Grove, Utah-based Veracity Insurance Solutions LLC has acquired Stratus Insurance Services Inc. Of particular interest to Veracity was Stratus’s collective experience in program management. The Stratus team brings the notable perspective of decades of expertise to Veracity. Stratus members …
February 16, 2012
Sacramento, Calif.-based Donald K. Sams & Associates Inc., an independent claims adjuster has expanded into Arizona. The expansion into the southwest was essential to accommodate the needs of their clients throughout all of Arizona including territories such as Phoenix, Tucson …
February 16, 2012
Hawaii State Senate defeated a bill its opponents said would have effectively removed the state from active involvement in building design and construction standards. The Senate voted down Senate Bill 2692, which would abolish the State Building Code Council, and …
February 16, 2012
Meadowbrook Insurance Group Inc., headquartered in Southfield, Mich., reported an 11.6 percent increase in revenue for the full year 2011 and a GAAP combined ratio of 99.7 percent compared to 95.0 percent in 2010. Net income for the year was …
February 16, 2012
Starr Companies appointed Bob Coords as head of Starr Specialty Reinsurance, a division of Starr Indemnity & Liability Company. Coords comes from Chartis where he had been serving as president of the reinsurance solutions division since 2005. In his new …