Nearly 10,000 Massachusetts drivers’ records will be corrected after four insurers reached settlements with the state over their failure to do so. Attorney General Martha Coakley’s Office reached settlements with Arbella Mutual Insurance Co., Norfolk & Dedham Mutual Fire Insurance …
German Chancellor Angela Merkel and the head of the IMF warned of financial contagion on Wednesday unless a euro zone debt crisis is stopped in Greece, while investors fled to the safe havens of the dollar and gold. Greek public …
Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It belongs to …
British insurer Prudential Plc hit a last-minute regulatory snag in its planned $35.5 billion acquisition of AIG’s Asian unit, forcing it to delay the launch of a bumper cash call and fuelling shareholder concerns. Britain’s largest insurer said it was …
Hirsch Insurance Agency opened its doors for business on April 24, 2010, in Houston, Texas. The newly created agency is founded by Zachary Alan Hirsch. Hirsch Insurance will specialize in lawyers professional liability, as well as, provide other professionals with …
XL Capital’s first quarter, 2010 net income decreased to $127.996 million, from $178.379 million in Q1, 2009. Operating income, which excludes capital gains/losses, was also lower at $149.612 million, compared to $190.863 million last year. XL’s bulletin explained that the …
H.W. Kaufman Financial Group, a privately held company headed by Alan Jay Kaufman, has acquired Colorado-based US Reports Inc. – a national loss control inspection, premium audit and risk management services firm. US Reports is a family owned 70-employee risk …
The Bermuda-based Max Capital Group Ltd. reported net income of $36.4 million, or $0.63 per diluted share, for the quarter ended March 31, 2010, compared to net income of $44.5 million, or $0.78 per diluted share, for the quarter ended …
Fremont Michigan InsuraCorp Inc., a Michigan-exclusive property and casualty insurance carrier, reported revenues of $14.9 million for the first quarter of 2010, up 9.4 percent from revenues in the first quarter 2009. Highlights for the quarter include: Net income of …
A deep-sea search for the wreck of an Air France plane that crashed into the Atlantic last year, killing all aboard, has been extended to cover a broader expanse of ocean, investigators said on Tuesday. Air France flight AF447 between …
