The industry group says at least $553.1 million in insured losses were left by remnants of Hurricane Ike, which swept through the state on Sept. 14. The economic crisis with the failures of Lehman Brothers, then AIG, and other financial …
Overland Park, Kansas-based Brooke Corp. faces a lawsuit by a bank seeking $13 million plus interest and costs for breach of contract. The suit was filed the last week in September 2008 in federal court in Illinois by First United …
90 Percent Michigan says nine in 10 school buses passed safety inspections last school year. Ten percent failed the checks. Some could continue operating as long as defects were repaired within two months. Eight percent of the 17,220 buses checked …
Michigan’s new insurance consumer advocate wants the state to investigate Allstate Insurance Company. Melvin “Butch” Hollowell said on Oct. 7 that the insurer reported that Michigan’s drivers drastically reduced accidents for several years in a row. But the Detroit Free …
From tornadoes, hail and flooding to the impact of the AIG bailout and the federal versus state regulation debate, Sean Dilweg has a lot on his plate as Wisconsin’s insurance commissioner. Appointed by Wisconsin Governor Jim Doyle on Jan. 1, …
Sunshine State High on List of States for Agency Acquisitions by Consolidators Behind Confie Seguros The movers behind the insurance agency consolidation firm Confie Seguros say they are well-positioned to meet their goal of a $300 million revenue company focused …
Have the free-wheeling, capitalism-at-all-cost titans of business who maintain the market will fix all ills had their day — at least for now? For the last 30 years deregulation has been all the rage — from the airline industry to …
Four Illinois counties have gotten approval for federal assistance to help local governments deal with the severe flooding that hit the state in September 14 and 15 in the aftermath of Hurricane Ike The state of Illinois says it received …
Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage Alamo Auto Insurance. The acquisition of San Antonio-based Alamo expands Confie Seguros’ presence beyond its platform in California and continues its …
The very strengths in its balance sheet, surplus, underwriting and personnel that have made the Commercial Insurance unit of American International Group (AIG) a market leader are keeping it competitive even while the parent company struggles with its financial crisis, …
