Carl Lindner Jr., chairman of Cincinnati, Ohio-based American Financial Group, died on Oct. 17, 2011, at age 92. Lindner was surrounded by his wife, sons and other family members when he died of causes related to age, his Cincinnati-based company, …
Wells Fargo Insurance Services — part of Wells Fargo & Company — appointed Joseph Cathcart as managing director for its Philadelphia operations. In his role, Cathcart will oversee all operations for the regional offices, including sales and client service, market …
Ryan Hobbs has joined the executive team at insurance software company Applied Systems in University Park, Illinois, as senior vice president of corporate development. Hobbs will be responsible for business strategy and merger and acquisition initiatives at Applied Systems, a …
Hank Haldeman, executive vice president of The Sullivan Group and co-chair of the National Association of Professional Surplus Lines Offices (NAPSLO) legislative committee, was presented the Charles A. McAlear/NAPSLO Industry Award at the 2011 NAPSLO Annual Convention in San Diego …
New accounting rules intended to align U.S. insurers’ varied approaches to accounting for deferred acquisition costs (DAC) will negatively affect insurers’ reported equity and some of the financial metrics that the companies report, but will have no direct effect on …
New York’s highest court has ruled that a motorist from Syracuse who struck and killed a pedestrian while being distracted by sun glare cannot invoke “emergency doctrine.” An attentive driver would have anticipated occasional sun glares considering the time of …
Most states in the northeastern region reported deteriorating workers’ compensation underwriting results last year, according to latest data from A.M. Best. Pennsylvania, New Jersey, Delaware, Maine and Rhode Island were especially hard-hit. Pennsylvania’s direct premiums written fell 8.6 percent last …
Willis Group Holdings plc in London has named Tim Wright as chief executive officer of Willis International, the company’s business unit serving all of Willis’ retail clients around the globe outside North America, the United Kingdom and Ireland. The company …
Insurance entrepreneur Mark Byrne pulled ahead in the race to buy Lloyd’s of London insurer Omega after Omega and its top shareholder backed his offer, prompting his main rival to withdraw. Omega, at the centre of a three-way takeover battle …
Allstate Corp. suffered nearly $1.1 billion in catastrophe losses in the third quarter, the country’s largest publicly traded home and auto insurer said Thursday. That is half of what Allstate lost in the second quarter, when parts of the United …
