August 3, 2009
SureTec Houston, Texas-based SureTec Insurance Co. announced that Greg Faulx has joined the company as vice president and will head its new regional office in Denver. Faulx was a key member of the original management team that formed Universal Surety …
August 3, 2009
Top 20 Banks in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Name City, State Web site 1 $860.34 million Branch Banking and Trust Co. Winston Salem, N.C. www.bbt.com 2 $860.00 million Citibank, National Association Las …
July 21, 2009
A.M. Best Co. has affirmed the financial strength ratings (FSRs) of ‘A’ (Excellent) and issuer credit ratings (ICRs) of “a” of the operating insurance units of the former AIG Personal Lines Group, including the 21st Century Insurance Companies (collectively PAG). …
July 20, 2009
Focus Holdings, Capacity Insurance Focus Holdings, LLC in Sunrise, Florida, closed on its acquisition of Capacity Insurance Co. (CIC), a Florida domestic commercial lines insurer, effective July 1, 2009. Focus, better known by the name of its largest subsidiary, MacNeill …
July 20, 2009
AIG, 21st Century Insurance, Farmers Group Inc. American International Group has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group Inc. (FGI), a subsidiary of Zurich for …
July 20, 2009
A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. Unions opposed to the furloughs …
July 14, 2009
Missouri Governor Jay Nixon has signed HB 577 to have Missouri become the 36th member of the Interstate Insurance Product Regulation Compact (IIPRC). With the addition of Missouri, the current compacting states in the Commission represent close to 60 percent …
July 10, 2009
A Hawaii judge has blocked Gov. Linda Lingle from forcing thousands of public employees to take three unpaid days off per month, dealing her a setback in efforts to tame a huge state budget gap. Unions opposed to the furloughs …
July 10, 2009
Hawai’i Insurance Commissioner J. P. Schmidt has approved Universal Insurance Holdings of North America’s (Universal North America) purchase of ICAT Specialty Insurance Co.(ISIC). Universal North America writes homeowners, dwelling, fire, and flood policies, and has been in the Hawaii market …
July 10, 2009
Today marks the four-year anniversary of Hurricane Dennis, a Category 3 storm that slammed into the panhandle of Florida with sustained winds of 120 m.p.h. While Dennis inflicted more than $2.2 billion in damage in 2005 and was the first …