Republican Meg Whitman will face off against Democrat Jerry Brown in the race for California governor in November. Whitman won the Republican ticket for governor with 64.2 percent of the vote, defeating Insurance Commissioner Steve Poizner who received 26.9 percent …
Worldwide Facilities Inc. has hired Esmeralda Temores in the Los Angeles headquarters as vice president- broker, responsible for brokering business and underwriting for all lines. Temores began her insurance career in 2000 at Western Security Surplus in Pasadena, Calif. While …
Property repossessed by a financial institution after foreclosure may stay vacant or unfinished for months or years, making it susceptible to various types of damage. According to RealtyTrac, the leading online marketplace of foreclosure properties, more than 932,000 properties received …
Seattle-based SeaBright Insurance Holdings Inc. announced that it has changed its corporate name to SeaBright Holdings Inc. to better reflect the different products and services offered by SeaBright’s subsidiary companies. The company’s New York Stock Exchange ticker symbol “SBX” will …
Midlands Management Corp. has introduced a public entity multi-line package designed for select public entity risks that want to gain more control over their casualty exposures by accepting a self-insured retention (SIR) and implementing a proactive claims management partnership and …
Cody Ritchie and other senior members of the BBVA Compass Insurance Agency of Tucson, Ariz., have acquired the firm’s assets to form a new company called Crest Insurance Group. The sale returns the agency’s ownership and management to Tucson. Ritchie …
London-based independent wholesale, reinsurance and specialist broker Cooper Gay and Atlanta-based U.S. wholesale broker Swett & Crawford confirmed in joint bulletins that they are in advanced deal discussions. Plans call for the combining the two companies into “a new group …
ACE Global Markets (AGM) announced from London that it has appointed Malcolm Brett as Product Line Head of Aviation. John Green, who formerly headed the unit, will remain with the company as Director of Aviation. Richard Pryce, President of ACE …
The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a wholesale broker. Mercator Risk Services is now a wholly owned subsidiary …
State Farm Insurance Co. has decided to discontinue writing new flood insurance policies with the National Flood Insurance Program but the company says it will still service existing policies and State Farm agents will continue to help their customers with …
