Texas lawmakers have praised the state’s response to Hurricane Ike but are not quite so complimentary of the performance of the Federal Emergency Management Agency in the aftermath of the storm that made landfall in Galveston on Sept. 13. At …
The New York Liquidation Bureau said it has completed all necessary steps to bring to a close the ancillary receivership in New York of American Eagle Insurance Company, a Texas-based property/casualty firm declared insolvent in 1997. American Eagle had been …
The Hartford, Allianz SE The Hartford Financial Services Group Inc. finalized a $2.5 billion capital investment by Allianz SE. Under the agreement, Allianz purchased, at $31 per share, $750 million of preferred shares convertible to common stock after receipt of …
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. Eliminate Forced Placed Coverage Market Detail: John-Galt (SafetyNet) introduces a new insurance product eliminating force-placed …
Wells Fargo, Wachovia Wells Fargo & Co. has won the bidding for Wachovia Corp., beating out Citicorp. Citicorp, while stepping aside, said it plans to pursue damages for interference with the deal it had worked out with Wachovia and federal …
Consumer Beware “So often these entities will pop back up with a new name and take advantage of a new group of consumers. This is why we urge consumers to contact us before purchasing coverage to be sure the entity …
TexasSure, the vehicle insurance verification database designed to reduce the number of uninsured motorists in Texas, is now available to law enforcement statewide, the Texas Department of Public Safety reported. The TexasSure database matches the records of registered passenger vehicles …
AmWINS North Carolina-based wholesale insurance broker AmWINS Group Inc. has formed an energy practice within its brokerage division. Based in Houston, the energy practice is led by Pascal Ray and Maryanne Maniaci. Ray and Maniaci have more than 50 years …
Being the sixth-largest state in the nation, and one of the fastest-growing, makes Arizona an attractive place to live and do business. And that means the state is desirable from an insurance perspective, too, according to Christina Urias, the state’s …
Execs Say Balance Sheet, Underwriting Appetite Remain Strong as Ever Exclusive Insurance Journal Interview with AIG Commercial Insurance CEO John Doyle and CFO Rob Schimek The very strengths in its balance sheet, surplus, underwriting and personnel that have made the …
