The effects on the Southeast of Liberty Mutual’s acquisition of Safeco Insurance became clearer as the insurer announced its regional line-up of companies and personnel. Montgomery Insurance and Safeco are part of Liberty Mutual Agency Markets, Liberty Mutual Group’s unit …
A new federal study of the New Madrid Seismic Zone predicts Tennessee would see the highest level of damage if there is a 7.7 magnitude earthquake. The Federal Emergency Management Agency released the two-year study as part of the Catastrophic …
An amusement park said it has reached a settlement with the family of a Louisville teenager whose feet were severed when a thrill ride malfunctioned last year. Six Flags Kentucky Kingdom said the settlement would provide “lifetime care” for Kaitlyn …
Kentucky’s HopFed Bancorp, Inc., holding company for Heritage Bank and Fall & Fall Insurance, reports it has been preliminarily approved to participate in the U.S. Department of Treasury Capital Purchase Program (TARP). The company has 30 days to make a …
International insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC in Brentwood, Tennessee. Terms of the transaction were not disclosed. Established in 1996, The HR Group offers employee benefits products and services along with …
Mississippi-based BancorpSouth Inc. has announced it will not apply for federal bailout funds. Aubrey Patterson, chairman and chief executive officer of BancorpSouth, said that it was in the best interest of shareholders to continue with a conservative capital management plan …
Barack Obama wasn’t the only one to make history Nov. 4 when he was elected the first black U.S. president. Statehouses also broke ground on several fronts. New Hampshire became the first state in U.S. history to give women the …
$11.5 Billion The amount U.S. property/casualty insurers are expected to pay homeowners and businesses for third-quarter property losses resulting from a total of 11 catastrophes in 22 states, according to preliminary analysis by ISO’s Property Claim Services (PCS) unit. PCS …
Appalachian Underwriters, Florida Tennessee-based Appalachian Underwriters Inc. established a commercial brokerage division and will open a new office in Sarasota, Fla. to house the new operation. AUI will focus on property and casualty risks that are unique, unusual or require …
The Independent Insurance Agents of North Carolina elected Neil T. Annas as the association’s new president for the 2008 to 2009 term. Annas, president of Granite Insurance Agency Inc. in Granite Falls, N.C., was elected during the 111th IIANC Annual …
