American International Group, Inc. (AIG) has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary of Zurich for $1.9 billion. The $1.9 billion …
The Hartford Financial Services Group Inc. has appointed Jeff Lange as regional vice president of The Hartford’s Chicago Regional Office. The office provides underwriting, sales and loss control services for the company’s independent property/casualty insurance agents and their customers in …
Capitol Insurance Companies (Capitol) based in Middleton, Wis., has launched a commercial automobile insurance product. The company said the product is available for appointed insurance agents and brokers through a newly designed online processing system that will allow them to …
A provision that would release future owners of General Motors for product liability on cars sold prior to the company’s bankruptcy is being challenged by the attorneys general of eight states. GM’s bankruptcy filing, now working its way through a …
With only a few days left before the official beginning of summer, strong spring storms have been pummeling the Midwest this week with tornadoes, strong winds, rain and hail, and leaving behind widespread damage. Golf-ball sized hail dropped in west …
Minnesota’s Department of Labor and Industry has released its annual “Annual Minnesota Workers’ Compensation System Report,” that indicates the number of paid workers’ compensation claims fell 36 percent relative to the number of employees from 1997 to 2007. Additionally, the …
With Republicans fighting the idea of a government-run health insurance plan, Obama administration officials said that they are open to a compromise: a cooperative program that would expand coverage with taxpayer money but without direct governmental control. Congress began work …
“Beware the ides of March” was the soothsayer’s warning to Julius Caesar in Shakespeare’s play about the Roman Emperor. These days, the phrase has taken on the ominous meaning that something bad is about to occur on or around March …
Kansas City-based insurance broker Lockton has added Michael Todorovich II as vice president and producer in its St. Louis office. With more than 11 years of experience in the insurance industry, Todorovich’s expertise includes mergers and acquisitions and executive risk. …
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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …
