News

Wells Fargo Insurance Buys Agencies in Florida, Washington

Wells Fargo Insurance Services, Inc. has acquired iLeader Risk Management Solutions, a single office, insurance brokerage located in Tampa, Fla., and Orca Bay Benefits, LLC, a single office, employee benefits insurance brokerage located in Mercer Island, Wash. The separate acquisitions …

Washington Commissioner Wins National Consumer Award

Washington state Insurance Commissioner Mike Kreidler has received the “Excellence in Consumer Advocacy Award” given out annually by consumer advisors to a nationwide association of insurance regulators. The award honors “the regulator we believe has most effectively represented and advanced …

Online Agency Says Auto Insurance Rates Fell 3.5% in 2009

Online insurance agency insurance.com said its records show that car insurance rates across the nation declined 3.5 percent in 2009 to $1,803 per year. The company said the decline followed a rate increase of 8 percent in 2008. According to …

States with High Homicide Rates Also Report More Traffic Deaths

States with high homicide rates also tend to have higher rates of traffic deaths than other states, says a University of Michigan researcher. In a new study in the current issue of the journal Traffic Injury Prevention, Michael Sivak of …

One Thing Is Certain for Insurance Industry in Near Term: Uncertainty

The insurance industry may not see a return to relative stability and certainty for a few years as it reacts to the effects of regulatory reform, increased government intervention and potential tax law changes in the aftermath of the financial …

ACE Names Furgueson President, Multinational Client Group for Int’l. P/C

The ACE Group announced the appointment of Michael Furgueson to the newly created post of President, Multinational Client Group, ACE Overseas General. He will be responsible for leading the company’s commercial property and casualty insurance capabilities targeted to large multinational …

SEC Settlements Declined in 2009 For Second Straight Year

The number of Securities and Exchange Commission settlements declined for the second consecutive fiscal year in 2009, with 626 defendants, compared to 673 in FY 2008, according to the global consultng firm, NERA Economic Consulting, in its fiscal year-end SEC …

Mitchell Joins Arch London Property Team

Arch Insurance Europe announced that Alex Mitchell has joined the Property Underwriting team as UK Retail Property Manager. He will be contributing to the development of Arch Europe’s Property Insurance offering by targeting clients in the UK Retail and UK …

Los Angeles-area’s Steve Brooks and Tri County Merge

Steve Brooks, President of Steve Brooks Insurance Services based in Westlake Village CA, and Eric Bossuk, President of Tri County Insurance based in Calabasas, CA, have announced that the two companies will be merging, effective January 1, 2010. Bossuk will …

PartnerRe Cross-Lists on NYSE, Euronext Paris Stock Exchange

Bermuda-based PartnerRe Ltd. announced its successful cross-listing on both the NYSE and Euronext Paris stock exchanges. The company said the cross-listing facility, effective immediately, is consistent with its “commitment to providing investors with a Euro-denominated, European-listed trading platform for PartnerRe …

News Archives by Month