Los Angeles-based Mercury General Corp. has reported net income in the first quarter of 2010 of $61.2 Million, $35.5 million less than the $96.7 million net income reported for the same quarter in 2009. Operating income for the first quarter …
Marsh has acquired The Bostonian Group in a deal that gives the broker’s upstart, retail agency division a sizable presence in New England. Terms of the transaction were not disclosed. The Bostonian Group — which has 60 employees and approximately …
The Arizona Legislature has approved a bill that to privatize the state workers’ compensation insurer as an Arizona mutual insurance company, beginning Jan. 1, 2013. The State Compensation Fund (SCF) was created in 1925 by the legislature to provide a …
Travelers recognized 20 personal lines agents with its Agent of the Year award. Winners were picked for their community work, as well as high achievements in their lines of business. They are : Georgiana Carney, Pearl Carroll & Associates, Latham, …
XL Capital Ltd announced from its Bermuda headquarters that ordinary shareholders have approved changing the parent holding company’s place of incorporation from the Cayman Islands to Ireland, following a special shareholders meeting. They also approved renaming the company from its …
California geology officials have released an updated state seismic activity map that they hope will improve earthquake preparedness and construction decisions.The map, which had not been updated since 1994, includes more than 50 surface fault lines discovered over the past …
Fairfax Financial Holdings Ltd. Chairman and CEO Prem Watsa warned that global stock markets are still subject to a lot of uncertainties. He told analysts during the company’s quarterly conference call Friday that the Toronto-based insurance and investment manager may …
Professional liability insurer Insight Insurance Services, Inc. has expanded its errors and omissions coverage for insurance agents and agencies and is now licensed to offer its product in 42 states and the District of Columbia through its parent company, the …
Warren Buffett said Saturday he plans to visit India next March, and would not rule out the country for possible future investments. Speaking at Berkshire’s annual meeting in response to a shareholder question, Buffett said he had decided only on …
San Francisco-based Woodruff-Sawyer & Co. announced that Carolyn Polikoff has been named the new Corporate & Executive Protection (CorpEx) Practice leader. She will be responsible for providing vision and strategic focus for the practice that includes directors and officers liability, …
