Former longtime AIG chief Maurice “Hank” Greenberg and another former executive will get $60 million from the company’s insurers to cover legal and other costs as part of a proposed settlement of investor lawsuits, court papers show. The payouts to …
Irvine, Calif.-based SullivanCurtisMonroe has named Gayleen Wallace vice president in its Pasadena, Calif., office. Wallace joins SCM from Bolton, where she was a producer. She has more than 20 years of commercial property/casualty experience.
The National Hurricane Center (NHC) has issued advisories on Hurricane Danielle, Tropical Storm Earl and Hurricane Frank. No watches or warnings of possible landfall have been issued. Danielle, a Category 4 hurricane, is expected to strengthen and pass Bermuda on …
San Diego-based BB&T-John Burnham Insurance Services has announced that Jim Williams has joined the agency as vice president. Williams will specialize in commercial insurance with an emphasis in construction. The 20-year industry veteran will handle new business generation for the …
Warren Buffett’s Berkshire Hathaway Inc. announced plans to buy the 19.9 percent it does not own of Wesco Financial Corp., a company run by Berkshire Vice Chairman Charlie Munger, in a transaction now valued at about $514 million. Wesco shares …
Mountain View, Calif.-based Lawson-Hawks Insurance Associates, has added John Stege of Aptos, Calif., as a vice president and broker for the Employee Benefits Division. Stege has more than 11 years experience in providing customized professional third-party administration services in the …
Man’s best friends could enjoy greater health care protections under a bill approved by the California Assembly. Companies that insure veterinary care for cats, dogs and other animal companions would have to provide more information about what level of care …
California health insurance providers would be prohibited from raising their rates more than once a year under a bill moving through the state Legislature. The state Senate voted 21-13 in favor of AB2042. The bill now moves to the Assembly. …
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …
Travelers Insurance has won a $262 million judgment against a group of reinsurers that refused to pay a portion of a nearly $1 billion settlement in asbestos claims the insurer paid in 2002. The award by a New York Supreme …
