An earthquake fault running from San Diego Bay to Los Angeles is capable of producing a magnitude-7.4 earthquake that could affect some of the region’s most densely populated areas, according to a new study. The study looked at the Newport-Inglewood …
Proposition 103—California’s restrictive regulatory regime for insurance—may need a few tweaks as fewer and fewer cars on the road have human drivers. During a March 8 informational hearing, members of the California Senate Insurance Committee heard from a panel of …
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters, results that hurt investors including activists Carl Icahn and John Paulson. Hancock, 58, will remain CEO until a successor is named, …
New York City on Tuesday landmarked some lavish public interiors at the Waldorf Astoria to save them as the hotel’s Chinese owners start a renovation that will produce hundreds of private condominiums. Nine members of the Landmarks Preservation Commission voted …
RPA Insurance Services, a Parsippany, N.J.-based insurance agency focused on providing business insurance products and services to specialized market segments throughout the U.S., has hired Rick and Jennifer Gross to the company’s newly-formed Boca Raton, Fla., office. They will focus …
Salaries for insurance agency management, owners, principals and producers were up in 2016. Total compensation for support staff also increased, although not by as much as it did the year before. That’s according to Insurance Journal’s 2017 Agency Salary Survey, …
Sullivan Insurance Group, a Worcester, Mass.-headquartered, full-service insurance and risk management firm providing property and casualty, employee benefits and personal insurance for individuals and businesses, has hired Barbara Amankwah to its personal lines department. Amankwah has previously worked at Commerce, …
Dominick Hoare, chief underwriting officer for Munich Re Syndicate Ltd., was elected this week to the position of corporate-external member to the Council of Lloyd’s, which is the body responsible for the supervision of the Lloyd’s market. Hoare represents Munich …
York Risk Services Group (York), a Parsippany, N.J.-based provider of claims management, managed care, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, has acquired the stock of Latham, N.Y.-based Northeast Association Management Inc. (NEAMI). York Pooling, …
Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies throughout the country, is expanding across the U.S. with its first location in New York slated to open next week. Businessman and Brightway Agency owner, …
