Republic, American Vehicle Dallas-based Republic Companies Group Inc. announced an agreement in principal with American Vehicle Insurance Company, a wholly-owned subsidiary of 21st Century Holding Company, an insurance holding company. The agreement, subject to certain conditions, will enable American Vehicle …
Southeast states didn’t fare well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems. North Carolina came in as number 10 in the top 10 favorites; while West Virginia was at the bottom of the list. …
Stock Prices: Although P/C broker stocks were up 7 percent during the February/March period, Aon Corp. continued to outperform the sector trading up 21 percent for the two-month period. The company reported fourth quarter and full year 2005 results in …
Underinsurance not only leaves policyholders vulnerable, it impacts the profitability of most insurers. Recent high profile events, such as the 2004 and 2005 hurricanes and the 2003 Southern California wildfires, have brought to national attention the problem of underinsurance. Unfortunately, …
Independent agents and brokers grew their share of the property/casualty market by $11.93 billion in 2004, accounting for almost 60 percent of the national increase, according to the Independent Insurance Agents and Brokers of America’s 2004 market share study. The …
Max Kothari, owner of a kitchen remodeling shop in Hartford, said it bothers him that some of his 12 employees have to choose between shelling out hundreds of dollars a month in insurance premiums or skipping the coverage altogether. “Some …
A Massachusetts man was arrested on charges that he, along with his wife, submitted false insurance claims that they had ingested glass found in food they had eaten at restaurants and grocery stores in Massachusetts, Rhode Island, Maryland and the …
TD Banknorth Inc., headquartered in Portland, Maine, is acquiring Interchange Financial Services Corporation for $480.6 million in an all cash transaction. Headquartered in Saddle Brook, New Jersey, Interchange had $1.6 billion in assets and $1.3 billion in deposits at December …
Northeast states fared fairly well in the latest U.S. Chamber of Commerce ranking of states’ civil justice systems, with several in the top 10 favorites. The survey ranks states from best to worst on legal fairness based on a survey …
Palisades Safety and Insurance Management Corporation, a New Jersey private passenger automobile insurer, announced that Ed Fernandez has assumed the role of president and CEO, effective immediately. Fernandez succeeds Gerry Wilson, who will continue to serve the company as co-chairman …
