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Keystone Insurers Adds Peel & Holland Agency in Kentucky

Peel & Holland Financial Group, based in Benton, Ky., has become the newest Kentucky partner within Keystone Insurers Group (KIG), the nation’s sixth largest privately-held property/casualty agency. Peel & Holland has offices in Benton, Mayfield, Paducah and Murray. This brings …

Obama Backs Repeal of Health Insurers’ Antitrust Exemption

The Obama administration on Tuesday threw its weight behind a bid to repeal an anti-trust exemption protecting health insurers, keeping the industry in its crosshairs as it prepares to host a bipartisan summit on revamping U.S. healthcare. “Today the president …

Marchetti Joins Ames & Gough in Washington D.C.

Washington D.C.-based specialty insurance brokerage Ames & Gough has appointed Tom Marchetti as a client executive. Marchetti is responsible for providing service to existing clients and developing new relationships in the Washington, D.C., metropolitan area, as well as other regions …

Peeters Joins Main Street America as VP Commercial Lines

The Main Street America Group announced that Steve Peeters, who most recently was president and chief operating officer of Jacksonville, Fla.-based Zurich Insurance Services, has joined The Main Street America Group as vice president, commercial lines product. Peeters will be …

New York Agency Releases Upscale Restaurant Coverage

The City and Suburban Lifestyles Restaurant Insurance Market unveiled a new policy in New York that will target fine dining establishments, commonly referred to as “white tablecloth” restaurants, upscale family-style eateries, high-end on-site catering entities, and late evening lounges serving …

Judge Certifies Stockholders’ Class Action Against AIG

A U.S. judge on Monday certified a class action lawsuit for stockholders, but not bondholders, against American International Group Inc. U.S. District Judge Deborah Batts denied a request by three Ohio state public pension funds to certify the class of …

American Family Insurance Cuts Arizona Auto Rates 5.9%

American Family Mutual Insurance Co. is lowering Arizona auto insurance rates by an average of 5.9 percent starting March 1, saving its Arizona auto insurance customers $13.7 million, the Madison, Wis.-based insurer announced. American Family’s standard auto insurance subsidiary, American …

Despite Outrage at AIG Bonuses, Private Sector Still Rewards Failure

To many Americans, it’s a matter of common sense: traders who failed so spectacularly at their jobs that they nearly brought down the global economy should be fired, not rewarded with handsome bonuses. Yet AIG, the fallen insurer, paid out …

Gilvey to Head Willis UK/Ireland Risk Solutions Sales, Client Development

Fiona Gilvey has been named Head of Sales and Client Development for the Risk Solutions group of Willis UK & Ireland (WUKI), effective immediately. She is based in London, and will be responsible for driving revenue growth in the Major …

Tax Proposals Derailed in New Mexico

Two tax proposals that would have had negative consequences for insurers and policyholders were averted last week as the New Mexico legislature wrapped up its 2010 regular session, according to the Property Casualty Insurers Association of America (PCI). Facing a …

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