Argent, West Bend Mutual Insurance Company’s monoline workers’ compensation division, has moved from West Bend’s home office to a new division home in Waukesha, Wis. The office currently has a staff of 10 and Argent expects to create thirty new …
Munich Re achieved a consolidated profit of €485 million ($633 million) in the first quarter of 2010, slightly ahead of the €437 million ($571 million) in the same period last year. The earnings bulletin explained that “large gains from the …
The cost per claim of prescription drugs used to treat injured workers in Wisconsin was significantly lower than in most study states, according to a new report by the Workers Compensation Research Institute (WCRI). The 16-state study by the Cambridge, …
A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe’s weakest economies can manage their debt. The plan, hammered out by European Union …
Heightened eruptions from Iceland’s Eyjafjallajokull volcano caused periodic closures of a number of European airports, as flights were cancelled, delayed or rerouted. Transatlantic air traffic between Europe and the U.S. was also affected by the clouds of ash, which swept …
A.M. Best Co. has issued three separate bulletins announcing that it has removed a number of Berkshire Hathaway’s insurance companies from the “under review with negative implications” status it announced in November. The companies directly affected are: Seaworthy Insurance Company …
The California Senate has passed a bill to extend extend from Jan. 1, 2011, to Jan. 1, 2013, the sunset date on the authority of the California Insurance Guarantee Association (CIGA) to issue revenue bonds to pay workers’ compensation claims. …
Britain’s Prudential has made progress in make-or-break talks with UK regulators over its acquisition of AIG’s Asian arm, and is close to announcing a deal, sources familiar with the matter said. The insurer’s proposed $35.5 billion acquisition of American International …
Soccer teams and fans aren’t the only ones girding themselves for the start of the World Cup in South Africa. The world’s insurance companies have sold policies covering $5 billion worth of risks linked to the games. With just a …
Warren Buffett’s Berkshire Hathaway Inc. Friday reported its largest quarterly profit since 2007, helped by an improving economy, investment and derivative gains, and the takeover of Burlington Northern Santa Fe Corp. First-quarter net income was $3.63 billion, or $2,272 per …
