Chubb Corp. and its bankers at Guggenheim Securities opted against seeking competing offers before the insurer agreed to be purchased by ACE Ltd. for more than $28 billion. “It was not asked by the Chubb board to, and Guggenheim Securities …
The District of Columbia Department of Insurance, Securities & Banking (DISB) confirmed that former DISB senior official Stephen Taylor recently rejoined DISB as its new acting commissioner.
A federal appeals court has ruled the Evansville Police Department in Indiana committed too many mistakes” to be shielded from liability in a lawsuit filed over a SWAT raid on her home in 2012. The Evansville Courier & Press reports …
A man who was injured at a Union Pacific facility when a chair he was sitting on broke has been awarded more than $920,000 by a jury in western Nebraska. Dan Anderson filed the lawsuit in March 2010, alleging that …
NFP, a New York City-based provider of employee benefits, property/casualty insurance, retirement and wealth management services, announced today its acquisition of BWD Group LLC in Plainview, New York. Terms of the transaction were not disclosed. NFP said the BWD acquisition …
Another earthquake has shaken parts of northern Oklahoma near the Kansas border. The U.S. Geological Survey says the 3.6 magnitude earthquake was recorded at 3:28 p.m. on Aug. 1 about 11 miles south-southwest of Medford in Grant County. Medford is …
Saint Joseph’s University’s Academy of Risk Management and Insurance in Philadelphia announced today it will present its Insurance Executive of the Year Award to Lloyd’s Chief Executive Officer Inga Beale. She is the first female to lead Lloyd’s, the world’s …
A former Dallas neurosurgeon has been described by state regulators as so derelict during operations that his actions led to the deaths of two patients and left others with disabling injuries in what’s seen as one of the worst recent …
Confie, a national provider of personal lines insurance, has acquired the business of Insurance King Auto Agency LLC, which has two locations in Dallas The family-owned agency was established in March 2010 and specializes in personal lines. Established in 2008, …
Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a suburban Kansas City-based independent specialty insurance agency. Terms of the transaction were not disclosed. Founded in 1984, Cline Wood specializes in providing property/casualty insurance and risk management and …
