Allstate Insurance Co. has sannounced it is looking to appoint 51 exclusive agency owners in Colorado in 2010. “We see a significant opportunity in the current economy to attract mid-career, mid-level managers to own and operate their own business and …
Agoura Hills, Calif.-based Pacific Compensation Insurance Co. (PacificComp), formerly Employers Direct Insurance Co., has relaunched its business with a new name and transformation from a direct writer of workers’ compensation insurance to an agency company. PacificComp will now partner exclusively …
Antigua and Barbuda’s former top financial regulator was ordered Monday to be extradited to the United States to face charges he assisted accused Texas financier Allen Stanford in an alleged $7 billion fraud, a spokesperson for the Antigua attorney general’s …
The most sweeping overhaul of U.S. banking rules since the Great Depression stumbled in the Senate Monday as Republicans united to prevent action on the bill. The vote gives Republicans leverage to extract more concessions from Democrats on a measure …
More U.S. companies, including those in the insurance industry, plan to increase their work force over the next six months, a survey showed on Monday. The National Association for Business Economics said its industry survey found that the outlook for …
Cedar Rapids, Iowa-based insurance company United Fire & Casualty Co. reported a dip in premiums earned in the first quarter of 2010 compared with that in the same period in 2009, but total revenues and net income rose. In the …
The most sweeping overhaul of U.S. financial regulation since the Great Depression appeared unlikely to clear its first hurdle in the U.S. Senate Monday as Republicans held out for a bipartisan deal. Even as Wall Street reeled from more revelations …
One of the many consequences of a tight insurance market during tough economic times is that potential insureds may have difficulty obtaining coverage if they have bad loss records or conditions that may indicate greater than normal risk. Over the …
Fraud bills are blooming like azalea bushes around the East this spring, and statehouses are rife with upside potential for substantive new fraud laws in 2010. This counters the recent logic that many state lawmakers are too busy trying to …
U.S. President Barack Obama will tell Wall Street Thursday to accept a sweeping bill to overhaul financial regulations, warning of another crisis unless rules are tightened to rein in the industry’s risky practices. In a speech in New York that …
