Officials in Portland, Maine say a new flood insurance map of the city harbor being prepared by federal officials would limit development options on all the city’s piers. Portland City Planning Director Penny St. Louis Littell says the map by …
National insurance brokerage Arthur J. Gallagher & Co. has acquired two New England offices of Atlanta-based Gresham & Associates Inc. for an undisclosed sum. The offices — which are in Portland, Maine and Cranston, Rhode Island — are managing general …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Vacant Property Market Detail: American Management Corp. offers property protection to owners of residential and …
Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …
Tennessee Venture “This is a big opportunity. It’s important for the state to get this and to do this so that we remain competitive. Those funds I’m sure will be weighted fairly evenly throughout the state just for balance and …
Insurance brokerage mergers and acquisitions in the second quarter of 2009 was nearly half of what is was during the second quarter of 2008. Just 39 transactions were announced from April through June compared to last year when 71 transactions …
Grain Dealers Mutual Insurance Co., an Indiana-domiciled regional property/casualty insurance company, will become an affiliate of Main Street America. The agreement, which has been approved by the boards of directors of both companies, is subject to regulatory approval from the …
Daniel J. McGarvey has been named chief financial officer and vice president of finance for The MEMIC Group. The 17-year veteran of the insurance industry, replaces Robert S. McMann who has retired after more than 16 years with the Portland, …
Standard & Poor’s Ratings Services has assigned its ‘A+’ counterparty credit and financial strength ratings to QBE Specialty Insurance Co. (QSIC) with a stable outlook. “We view QSIC to be a core member of the QBE Group,” explained credit analyst …
One of the nation’s largest insurers has unveiled a plan to shift the authority for regulating rates for hurricane wind coverage from state regulators to an independent federal commission. Mississippi Gov. Haley Barbour and four state insurance commissioners heard Travelers …
