Two Congressional leaders are requesting information from five large auto insurers on accidents involving recalled Toyotas. The lawmakers have sent letters to Allstate, Farmers, GEICO, Progressive and State Farm. The letters were sent to chief executives of the five insurers …
Crews were slowly and carefully removing gas cylinders from the site of a deadly explosion at an under-construction power plant in Connecticut, and investigators have interviewed survivors in an effort to determine the cause of the blast. Deputy Fire Marshal …
The Brownyard Group added workers’ compensation coverage for its cosmetic manufacturers and distributors program, called Foundation. The workers’ compensation coverage is written through an A.M. Best “A” rated carrier with limits up to $1 million. The coverage can be written …
South Carolina senators are considering banning teens under 18 from driving while holding a cell phone to their ear. A Senate Judiciary subcommittee was set to debate the bill this week. It is among six bills in the Legislature this …
Dallas-based Towerstone Inc., a wholesale insurance broker and managing general agency, announced that Rachel Blais, Jennie Conditt, J.B. Hill, Amy McCarty and Ryan Taylor have joined the company. Conditt is an assistant vice president focused on sales for contract underwriting …
Wells Fargo Insurance Services has named Charles Delich branch manager for its office in Colorado Springs, Colo. Delich is responsible for leading the service and sales teams in Colorado Springs, including a focus on customer service and relationship development, performance …
Louisiana Insurance Commissioner Jim Donelon has declined to approve a rate request filed by State Farm Fire and Casualty Company that would have raised homeowners insurance rates by a statewide average of 19.1 percent. State Farm filed the rate revision …
MetLife Inc. plans to pay American International Group Inc. in stock and cash for American Life Insurance Co. (Alico), as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said Tuesday. …
Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support. But in …
Former U.S. Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support Tuesday for the U.S. government’s aggressive steps in 2008 to keep the nation’s banks and economy from a complete meltdown. …
