With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of property-catastrophe insurance relatively flat …
America’s European allies are being hypocritical in their complaints about the U.S. spying on them because they all have their own surveillance programs, according to two former top officials in the Clinton Administration. Former Secretary of State Madeleine Albright said …
AutoTown Insurance, an independent agency based in Norcross, Georgia, announced its acquisition of Fling Insurance Agency in Lagrange, Georgia. AutoTown said the acquisition highlights the firm’s expansion plans outside of the metro Atlanta market. AutoTown said the acquisition of Fling …
Florida state officials announced Tuesday that United Services Automobile Association (USAA) will expand its presence in Hillsborough County, creating up to 1,215 new jobs and $164.3 million in capital investment by 2019. To accommodate the anticipated growth, USAA will initially …
New Jersey’s Acting Attorney General John J. Hoffman announced that a northern New Jersey chiropractor pleaded guilty Monday to causing false documentation to be submitted to insurance companies and subsequently receiving more than $89,000 to which he was not entitled. …
Moody’s Investors Service announced that it has downgraded the corporate family rating of Cooper Gay Swett & Crawford Ltd. (CGSC) to B3 from B2 “based on challenges in certain international operations, leading to a decline in projected revenues and EBITDA.” …
Supporters of a South Dakota ballot measure that would prohibit insurance companies from restricting their customers’ choice of out-of-network health care providers have filed petition signatures seeking a public vote on the measure. KOTA-TV reports that backers of the proposal …
Great American Insurance Group, based in Cincinnati, Ohio, announced it has promoted Jane Kornesczuk to divisional executive vice president of its Executive Liability Division (ELD). Kornesczuk joined the company in 1990. Since that time, she has held various positions of …
Residents, business owners and officials in Galveston, Texas, are worried about the prospect of flood insurance premiums spiking due to recent changes in federal law. Legislation passed last year to eliminate the National Flood Insurance Program’s multibillion-dollar shortfall will result …
Chris-Leef General Agency Inc., in Shawnee Mission, Kan., has acquired H&W Insurance Services Inc., also located in Shawnee Mission at 4210 Shawnee Mission Parkway. H&W specializes in offering insurance products for errors and omissions, directors and officers, cyber liability, employment …
