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. …
Iroquois Southwest has hired Ed Budanauro as regional manager for New Mexico, Colorado and west Texas. Budanauro has more than 25 years of management and insurance consulting experience in the areas of sales management and agency operations. Prior to joining …
California Insurance Commissioner Steve Poizner, responding to a dramatic proposed rate hike by WellPoint’s California affiliate, Anthem Blue Cross, has called on WellPoint executives to postpone the rate increase, allowing the California Department of Insurance proper time for an independent …
Insurance broker Marsh countered a drop in revenues in the U.S. and Canada with higher revenues from Latin America and Asia Pacific markets. Marsh and its risk management partner, Guy Carpenter, managed a 13 percent profit increase in the fourth …
Mississippi officials have charged a Vicksburg man with arson involving 10 buildings and two vehicles. A joint investigation between the Mississippi State Fire Marshal’s Office, the Vicksburg Fire Department and the Vicksburg Police Department led to the arson arrest of …
The Maryland Insurance Administration has issued a bulletin insurers in the state asking them to accommodate policyholders who have been impacted by last week’s massive snowstorm. Gov. Martin O’Malley declared a state of emergency in Maryland on Friday “Because of …
Washington is one step closer to allowing the creation of a flood insurance joint underwriting association (JUA), a publicly sponsored, temporary, not-for-profit insurer of last resort to provide insurance when certain types of coverage become unavailable on the open market. …
Keystone Insurers Group has named Erica Grimm as head of it Employee Benefits Division in Pennsylvania. Grimm previously represented Emerson Reid & Co. as broker relationship manager responsible for the Keystone relationship. She is a 16-year veteran in employee benefits …
