Arrowhead General Insurance Agency of San Diego has a new commercial package available in Cailfornia. As part of the commercial contractor suite of products, the Commercial Package product offers more than 170 eligible classes including garden apartments, commercial real estate …
Wall Street’s chiefs acknowledged taking on “too much risk” and having “choked” on their own cooking, but stopped short of an apology as they sparred with a commission looking into the financial crisis. The first public hearing of the Financial …
Trans Cal has sold all Zurich transportation accounts of Trans Cal to Cochrane & Co. Inc., the Spokane, Wash., company announced. The sale became effective on Dec. 31, 2009, and applies to existing Zurich accounts and to all open quotes. …
President Barack Obama will propose a fee Thursday to recoup from the country’s top financial institutions up to $117 billion lost on a taxpayer bank bailout fund, a senior administration official said. Obama will announce the plan in a statement …
A program to buy oft-flooded properties in Jackson County, Mississippi may be moving forward after years of delays. After Hurricanes Georges in 1998 and Katrina in 2005, the Federal Emergency Management Agency and Mississippi Emergency Management Agency offered to purchase …
Georgia Insurance Commissioner John Oxendine said that insured losses in North Georgia from the recent snow and ice storm are estimated to be about $25 million. The estimate includes damage to cars as well as homes and businesses and that …
CNA and Victor O. Schinnerer & Co., Inc. are ending their carrier and managing general underwriter relationship in the non-profit directors and officers (D&O) program. The split, which the firms said is amicable, will begin for policies effective June 1, …
U.S. lawmakers moved Tuesday to force release of documents that may show whether the New York Federal Reserve pressured insurer AIG to limit discussions about payments to banks when current Treasury Secretary Geithner led the New York Fed. The Democrat …
Fort Lauderdale, Fla.-based Universal Insurance Holdings Inc. announced it has withdrawn its application to form and license a new Texas subsidiary, to be named Texas Platinum Property and Casualty Insurance Company, which would have written homeowners’ insurance coverage in Texas. …
Information about the American International Group bailout that regulators agreed to keep secret may reveal which banks held some of the worst performing mortgage-related securities at the time of the rescue. Reuters reported Monday that the Securities and Exchange Commission …
