With fresh news out on the global economic cost of climate change, an enticing climate fiction contest and a sweet victory for this column, it would take until Christmas to individually cover it all in a bimonthly space. So I’ll …
The Allstate Corp. has announced that Mark Green named president of the Encompass insurance companies, which sells through independent agents. Green has 25 years of experience in the insurance industry. Last year he was named president of Allstate Dealer Services …
Peter Hancock may have met his hardest challenge yet. Since Hancock took over as chief executive officer of American International Group Inc. last year, Warren Buffett’s Berkshire Hathaway Inc.’s new commercial insurer raided AIG for talent. The integration of two …
Smith Brothers Insurance, an independent agency based in Glastonbury, Connecticut, announced that it has acquired the assets of Bayberry Insurance in Groton, Connecticut. Terms of the transaction were not disclosed. Founded in 1989, Bayberry Insurance is an independent agency providing …
Bermuda-headquartered Arch Capital Group Ltd. reported net income available to common shareholders for the third quarter ending 2015 was $74.5 million, or $0.60 per share, compared to $223.2 million, or $1.64 per share, for the same period last year. For …
The Surplus Lines Stamping Office of Texas (SLSOT) announced it is simplifying communications with new business phone number listings and an upgraded telecommunication system. The new system will be in place Oct. 30, but to prevent any loss of contact, …
Thousands of Oklahoma residents who are expected to participate in the open enrollment period under the federal Affordable Care Act that begins this weekend can expect some dramatic increases in the cost of health insurance. A U.S. Department of Health …
Some victims of Superstorm Sandy in New Jersey said they feel New Jersey Gov. Chris Christie has forgotten about them in his pursuit of the presidency. About a dozen protesters intended to pitch tents and camp out across from the …
Florida property insurers are well-capitalized and able to handle a 1-in-100 year storm event if and when it occurs in the state, according to the Florida Office of Insurance’s 2015 Data Call and subsequent stress test report. The annual Reinsurance …
A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating of A- (Excellent) and the issuer credit rating of “a-” for Midwest Builders’ Casualty Mutual Insurance Co. (MWBC) and its subsidiaries, Horizon Midwest Casualty …
