Del Monte Corp. and Barclays Capital agreed Thursday to pay $89.4 million to settle a lawsuit that claimed they had not acted in investors’ best interests in the food company’s $4 billion takeover. Lawsuits stemming from the takeover have raised …
MetLife Inc., the largest life insurer in the United States, said Thursday it would take up to $275 million in third-quarter charges, in part to increase reserves for policies where it may know the holder is dead but no claim …
An advisory group urged U.S. officials to formulate a set of essential health benefits under President Barack Obama’s healthcare overhaul that is in line with cost of insurance in a typical small employer plan. The Institute of Medicine report issued …
In an odd twist, California business groups applauded Governor Jerry Brown for signing legislation Thursday to create a new layer of government regulation they say will lessen the burdens imposed by future regulations. The measure orders the Democratic governor’s Department …
A restructuring at the government-controlled State Compensation Insurance Fund to be implemented in 2012 will result in a reduction in force that will eliminate between 1,500 and 1,800 positions, according to an internal communication issued by the organization’s management on …
Capps Insurance Agency of Mount Pleasant, Texas, announced it has added Jim D. Fraley as a sales executive who will primarily cover the Dallas/Fort Worth and East Texas areas. He brings more than 42 years of insurance sales experience to …
Strategic Insurance Agency Alliance (SIAA) announced it has added 11 new member agencies from the Midwest. The new Midwest agency members include: Insurance Agency of Michigan of Waterford, Mich.; Independent Insurance Consultants Agency of Anoka, Minn.; Rosenthal Insurance Services of …
Houston-based HCC Insurance Holdings Inc. has opened new primary casualty and excess casualty divisions led by Chris Day and Phil Joschko, respectively. The primary casualty and excess casualty divisions extend HCC’s underwriting activities into general liability and excess liability insurance …
Phil Immordino was literally looking for a bull market to bring back a controversial event that will likely to draw hundreds of weekend daredevils to the tiny city of Cave Creek, Ariz. In what could be considered by some to …
USG Insurance Services Inc., a national wholesaler and MGA, has opened a new office in Tempe, Ariz. The office will be run by Chris Kops, who was the branch manager of the Tampa, Fla. USG office. Kops, who relocated to …
