Rene’ Maddox has been promoted to senior vice president of underwriting at AmCom Insurance Services Inc. Maddox now manages all aspects of AmCom’s underwriting operations. She has more than 20 years underwriting experience and has been with AmCom for 15 …
Allstate Insurance Co. announced it is dropping the price California consumers pay for renter’s insurance coverage 19.6 percent statewide. The company is also cutting condo insurance rates in California 6 percent. Rate changes are effective now. The company said favorable …
The Archdiocese of Milwaukee’s insurance company doesn’t have to pay damages that could arise from more than a dozen lawsuits involving sex abuse by priests, a state appeals court ruled. The 1st District Court of Appeals decision, if it stands, …
Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively referred to as FFIC) to ‘A+’ from ‘AA-‘. The outlook on the ratings is stable. …
Ohio-based wholesale insurance broker and program administrator Breckenridge Insurance Services has acquired the assets of International Placement Services, LC (IPSICO), a wholesale insurance brokerage firm in St. Louis. Terms were not disclosed. The deal is the fourth for Breckenridge, which …
SAP AG must pay Oracle Corp $1.3 billion for software theft in a jury verdict that could be the largest-ever for copyright infringement. The decision, by a U.S. district court jury in Oakland California, drew a gasp from the courtroom …
New York-based Standard & Poor’s Ratings Services has lowered its counterparty credit and financial strength ratings on Novato, Calif.-based Fireman’s Fund Insurance Co. and its affiliates (collectively referred to as FFIC) to ‘A+’ from ‘AA-‘. The outlook on the ratings …
The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing fire-and-casualty licensees to obtain a separate …
Oakland, Calif.-based catastrophe risk modeling firm EQECAT Inc. has named Paul C. Little senior vice president of global client development. Little will be responsible for global sales, professional services, deployment and product support. The position was previously held by EQECAT’s …
Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before spending 14 years with a retail agency …
