ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …
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. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …
National wholesale insurance broker AmWINS Group, Inc. announced that James Drinkwater has been named president of its AmWINS Brokerage division effective immediately. In this role, Drinkwater will be responsible for the day-to-day management of the division, which is focused on …
Workers’ compensation costs per claim in North Carolina grew 6-14 percent annually throughout the study period, according to the Workers Compensation Research Institute. The Cambridge, Mass.-based WCRI study of 14 states found that double-digit growth in medical costs per claim …
Two New Jersey sports fields were closed this week after tests of their artificial turf turned up unsafe levels of lead. It’s the second time since December that a ballfield in the state has been closed over concerns about elevated …
South Carolina officials and property owners along the eroding beach at Wild Dunes have agreed to a fine of $18,000 for the thousands of sandbags that ended up littering the state’s coast and marshes after storms last spring. The South …
Charlotte, N.C.-based national wholesale insurance broker AmWINS Group, Inc. reported that Donna Hargrove has been hired as general counsel. Prior to joining AmWINS, Hargrove served as lead corporate in-house counsel for BB&T Insurance Services, Inc. Earlier in her career, she …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a” of National Fire & Casualty Company (NF&C) of Bloomington, Ill., a subsidiary of WBL Corp., and has revised the outlook …
The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co. (Calif.), HSBC North America Holdings (Ill.), …
Lt. Gov. Beverly Perdue says she’s through with negative ads in her bid to become governor. Perdue is one of the two leading Democratic candidates for the state’s top job. She told reporters Thursday that her supporters have convinced her …
