Iowa Mutual Insurance Company and its subsidiary, Iowa American Insurance Company, announced 2007 performance figures during its annual policyholder meeting. The growth in the commercial area helped offset the difficulty encountered with personal lines results, the company statement said. The …
Standard & Poor’s Ratings Services has assigned its ‘A’ junior subordinated debt rating to American International Group Inc.’s $5 billion of equity units. S&P also said it has “placed this rating on CreditWatch with negative implications because all other AIG …
Oklahomans who were overcharged for hotel rooms during the December 2007 ice storms will receive free rooms or refunds after Attorney General Drew Edmondson settled a price gouging case against LaQuinta Inns. The AG’s office said an investigation found that …
Warren Buffett’s Berkshire Hathaway Inc. said Friday that first- quarter profit tumbled 64 percent, hurt by losses tied to derivatives contracts and a steep slide in insurance premiums. Net income for the Omaha, Nebraska-based insurance and investment company fell to …
Bad Faith Blues “It is good for consumers … it will help them get what they paid for, which is our goal. But it also recognizes the industry’s needs. It gives them some ability to have some understanding and some …
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. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …
Few 77-year-olds could hold thousands of people in rapt attention for five hours. Sean Connery, maybe; Clint Eastwood, perhaps. Warren Buffett? Definitely. Buffett will be the center of attention on Saturday (May 3) at the annual shareholder meeting for Berkshire …
Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as executive vice president of the parent company, Medicus Insurance …
Warren Buffett, the world’s richest person, said on Monday the U.S. economy is in a recession that will be more severe than most people expect. Buffett made his comments on CNBC television after his Berkshire Hathaway Inc. agreed to invest …
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
