Columbus, Ohio-based insurer, SafeAuto, announced that Ron Davies, former senior vice president with Allstate Insurance Co., will take over as chief executive officer of the company on Aug. 13. This is the first time SafeAuto has gone outside the company …
Zurich Insurance plans to add 150 jobs to its workforce in Chicago. Zurich is a commercial property-casualty insurance provider that already has 350 employees in the city. Chicago Mayor Rahm Emanuel announced the additional jobs on July 23. In a …
Group health insurance brokerage is changing but the changes are not primarily due to Congress or the courts. Rather the changes are being driven by costs — the cost of healthcare coverage and the cost of serving employers who are …
Property/casualty insurers are backing a measure in Congress to incentivize states to adopt stronger building codes. The National Association of Mutual Insurance Companies (NAMIC) told members of a House panel today that the measure they are considering would help to …
Carfax Inc. reported that federal officials have approved its patent applications for its auto insurance underwriting and rating system based on vehicle history attributes. CarFax said it expects the patents to be issued by the U.S. Patent and Trademark Office …
San Francisco-based Socius Insurance Services Inc., a management liability and property/casualty insurance wholesaler, has opened an office in Birmingham, Alabama, and named Hank Stickley as vice president. Stickley comes to Socius after a 26 years in insurance. Prior to joining …
North Carolina’s property market problems are well known but thus far answers remain elusive even after lawmakers approved a bill that does little more than what one industry expert said, “just stuck more fingers in the dike.” Despite having what …
The Bermuda-based Catlin Group Limited announced that Andrew McMellin, currently the group’s deputy chief underwriting officer, will become CEO of Catlin US effective September first. He will remain a member of the Catlin Group Executive Committee. Catlin’s current US CEO, …
Walnut Place, an entity that had challenged a proposed $8.5 billion settlement between Bank of America Corp. and investors in failed mortgage-backed securities, has withdrawn its objections to the deal. The development on Monday was a step forward for Bank …
U.S. crops are taking a beating in the worst drought since 1988 but most farmers are not sweating like they did 24 years ago when a drought hit as they were just starting to recover from a farm depression that …
