ProAssurance Corporation and Physicians Insurance Company of Wisconsin, Inc. have agreed to merge PIC Wisconsin into ProAssurance through a proposed stock-for-stock transaction. The medical malpractice insurance companies said that the merger will expand ProAssurance’s presence in the upper Midwest and …
The Board of Directors of Converium Holding Ltd. has appointed Inga Kristine Beale (42) as the new chief executive officer of Converium. A British citizen, she is currently CEO and chairman of the board of management of GE Frankona Ruckversicherungs-AG, …
Hurricane Wilma darkened the outlook for Florida orange growers, reducing production estimates by 15 percent, the Agriculture Department said. Still, this year’s crop will outdo last year’s by about 8 percent in Florida, the department said in its monthly crop …
Members of the National Association of Insurance Commissioners elected regulators from Maine, Alabama, Kansas and New Mexico as the organization’s 2006 officers during the Association’s Winter National Meeting. NAIC members elected Maine Insurance Superintendent Alessandro Iuppa, current NAIC President-Elect, as …
State Farm Insurance has been ordered to pay more than $8 million to a tow truck driver and his sister-in-law who were acquitted of insurance fraud after being accused of faking the theft of a vehicle. Jackson County Circuit Judge …
According to conventional wisdom, 2004 was the first year in the past 16 where insurers finally broke through and made an underwriting profit on commercial lines auto. The breakthrough came after a year, 2003, which saw the countrywide combined ratio …
Wayne Bates Burns & Wilcox, a national specialty insurance managing general agency, has promoted Wayne Bates to director of the company’s Special Risk Division (SRD), International and promoted him to associate vice president. Bates previously served as director of Burns …
The North Dakota Department of Insurance sent a staff person to assist in Hurricane Katrina relief efforts. Kathy Wolf, a property and casualty complaint investigator who has been with the department for 16 years, spent two weeks in Kansas City, …
Heartland Marketing Group Inc. recently introduced a new market for lower valued homes, including mobile/manufactured home, travel trailer and stand-alone dwelling fire risks. Offered through Aegis Security Insurance Company, the program is available to HMG’s Texas agents, but the company …
Backed up at an intersection? Wary of those tough left-hand turns against oncoming traffic? A new roundabout might solve your traffic headache. Roundabouts, or modern traffic circles, have grown in acceptance in recent years, cropping up across the country as …
