Nebraska Gov. Dave Heineman has announced that Ann Frohman, Director of the Nebraska Department of Insurance (DOI), is planning to step down from the post she has held for nearly three years to pursue other opportunities in the private sector. …
Warren Buffett’s Berkshire Hathaway Inc. announced plans to buy the 19.9 percent it does not own of Wesco Financial Corp., a company run by Berkshire Vice Chairman Charlie Munger, in a transaction now valued at about $514 million. Wesco shares …
Indiana-based K&K Insurance has added a regional sales force to develop new agent relationships while supporting existing K&K relationships with more than 6,000 agents and brokers across the United States. The new sales representatives include: James Algeo serves the Northeast …
The Oklahoma Department of Insurance announced it is expanding its use of the Web-based State Based Systems (SBS) to improve back-office processing of insurance regulation. SBS is a solid, web-based solution that supports all aspects of insurance regulation via a …
Warren Buffett’s Berkshire Hathaway Inc. said Friday second-quarter profit fell 40 percent, as declining stock prices depressed the value of his derivative contracts. Operating profit nevertheless soared 73 percent, helped by the February takeover of railroad operator Burlington Northern Santa …
Medical professional liability insurance specialist MMIC Group has expanded its insurance services to the growing population of long term care providers. Eligible facility types include skilled care, assisted living and continuing care retirement communities. These facilities must operate within MMIC’s …
The Institute for Supply Management, formerly the Purchasing Management Association, began formally surveying its membership in 1931 to gauge business conditions. The Creighton Economic Forecasting Group uses the same methodology as the national survey to consult supply managers and business …
Liberty Mutual Liberty Mutual Group has reorganized its commercial property, casualty and specialty lines insurance units as well as claims and loss control services for the insurer’s national accounts and mid-sized business clients. The new distribution and service organization will …
Western National, Wisconsin American Western National Insurance Group has finalized its affiliation with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. Wisconsin American will continue to operate as a separate entity, with local management provided by James Herrick. …
Markel, Aspen Holdings (FirstComp) Specialty insurer Markel Corp. has struck a deal worth at least $135 million to acquire Aspen Holdings, which sells workers’ compensation under the name FirstComp to small businesses in 31 states. Aspen, which is headquartered in …
