The Main Street America Group announced that Minnesota-domiciled Spring Valley Mutual Insurance Co. has agreed to become an affiliate of super regional property/casualty insurance carrier Main Street America. Spring Valley Mutual, based in Spring Valley, Minn. (110 miles south of …
Ohio’s high-risk health insurance pool that began a year ago as part of the federal health care overhaul is facing higher-than-expected costs, which are limiting enrollment. Nearly 1,800 people are enrolled in the pool, which appears to be one of …
As fires tear through Texas, businesses and homeowners struggle to determine their losses. According to the Insurance Council of Texas, this year’s fire losses are Texas’ worst on record. The Texas Forest Service has reported that more than 1,900 homes …
Heffernan Insurance Brokers, an independent insurance brokerage headquartered in Walnut Creek, Calif., has hired Catherine Torsney to join its Manhattan office in New York as senior vice president and director of its fine art, jewelry and rare collections practice. Torsney …
Hub International Limited has acquired the assets of William Palumbo Insurance Agency Inc., a Boston-area based retail brokerage firm. This acquisition allows Hub to expand its presence in Massachusetts, including the Cape Cod region. Terms of the acquisition were not …
The Sept. 8 power outage that left southern California and parts of Arizona and Northern Baja Mexico without power could mean as much as $100 million in economic losses. The National University System Institute for Policy Research said that businesses …
Florida residents who have sinkhole insurance through the state-backed property insurer will see any premium increases phased-in over a number of years based on a new policy of the insurer. The Citizens Property Insurance Corp. board of governors held an …
CNA Financial Corp. said it has extended its employment contract with Tom Motamed, chairman and chief executive officer, through 2016. He assumed his current position in 2009. ‘Over the past two years, we have built a first-class team and we …
Volunteer Week, the Insurance Industry Charitable Foundation’s (IICF) event, will be held October 15-22, 2011 in the New York tri-state area and New England. During the eight-day industrywide event, teams of insurance volunteers will fan out into local communities to …
In an indication that the market may be hardening, commercial insurance prices in aggregate increased by nearly 1.5 percent during the second quarter of 2011. It’s the first time since the fourth quarter of 2003 that all standard commercial lines …
