Erie, Penn.-based Erie Insurance Group appointed Brad Postema as senior vice president and chief investment officer. In his new role, Postema will be responsible for the investment strategies of Erie Insurance Exchange, its underwriting subsidiaries and Erie Indemnity Company. Postema …
Commercial insurance prices in aggregate increased by nearly 5 percent during the first quarter of 2012, the fifth consecutive quarter that prices rose. In addition, commercial insurers’ loss ratios stabilized for most insurance lines and improved in lines with the …
Breach and Response “As soon as there was an inkling that there was a breach, they should have been all over this.” —Laura DiDio, a technology analyst with a consulting firm known as ITIC, comments on the response to a …
strong>Arthur J. Gallagher & Co., Grossman & Associates Arthur J. Gallagher & Co. has acquired Grossman & Associates Inc. in Beachwood, Ohio. Terms of the transaction were not disclosed. Founded in 1980, Grossman & Associates is an employee benefits broker …
A judge ruled on June 4 that Federal Insurance Co., part of Chubb Group of Insurance Companies, must continue to cover Jerry Sandusky’s defense costs, at least for now. Sandusky is the former Penn State assistant football coach who is …
For millions of professionals who use LinkedIn, the career social networking site, it was time to create new passwords. Earlier this month, LinkedIn — a site with more than 160 million users, including many insurance professionals — said more than …
The Insurance Industry Charitable Foundation (IICF) is planning to expand its volunteer and charitable services to the Boston and New England region. The foundation is holding an informational meeting in Boston on June 20 to introduce IICF to the local …
State regulators around the county are finally collecting their share of a multimillion dollar settlement reached with American International Group (AIG) in 2010 based on the company’s misreporting of workers’ compensation premiums for the years 1985 to 1996. In December …
Montana’s insurance commissioner has placed Great Falls-based Westland Farm Mutual Insurance Co. under her office’s supervision, citing the company’s diminishing cash reserves. Commissioner of Securities and Insurance Monica Lindeen said Westland will cancel all of its homeowner’s insurance policies by …
The board of directors of Iowa Mutual Insurance Co., in DeWitt, Iowa, has elected Drew Bright president. Bright is the 10th president of the company in its more than 100-year history. He succeeds Thomas R. Cole, who retired after more …
