Legislation aimed at expanding insurance pool coverage for coastal residents in Alabama and opposed by insurance giant Alfa passed in the state Senate after appearing to be doomed. The bill’s sponsor, Sen. Ben Brooks, R-Mobile, said the bill would help …
77% The drop in first quarter net income reported by Allstate Corp., which said it was hurt by write-downs in its investments and larger-than-expected catastrophe losses. Net income fell to $348 million, or 62 cents a share, from about $1.5 …
B&T, UnionBanc Insurance Raleigh, N.C.-based BB&T Insurance Services has reached an agreement with Union Bank of California North America to purchase its San Diego-based insurance subsidiary, UnionBanc Insurance Services Inc. The acquisition would expand BB&T’s insurance operation in California, where …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …
Alabama-based Alfa Insurance named Patrick A. Smith as senior vice president, North Alabama Marketing, effective May 5. He replaces J.C. Ralph, who is scheduled to retire June 30. Smith a former associate vice president with Nationwide Mutual Insurance Co., started …
A team of plaintiffs lawyers that includes a former high-ranking federal prosecutor denies infiltrating an insurance company’s computer database to help build a case against the insurer after Hurricane Katrina. Bloomington, Ill.-based State Farm Fire and Casualty Co. is asking …
As the theft of copper wiring and other valuable metals is growing, particularly throughout rural communities, Alabama-based Alfa Insurance is offering an additional $10,000 reward for information leading to a conviction of copper theft from poultry houses, farm irrigation systems …
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
A federal judge on Monday dismissed claims of fraud in a key Hurricane Katrina lawsuit that accused State Farm Fire & Casualty Co. of using different engineering reports to deny a Mississippi couple’s insurance policy after the storm. The ruling …
An invasive weed that already has infested more than 1 million acres nationwide continues to spread across the parched Southeast, and experts say the region’s drought makes the highly flammable intruder more threatening than ever. Cogon grass, known for its …
