United States News

A Bailout Plan for Insurance Sales Pros

If you haven’t felt assaulted by bad economic news lately, you live in the woods with no TV, no newspaper, and no Internet service. The stock market has lost trillions. Real estate values and sales have declined at record rates …

Business Moves

Arthur J. Gallagher & Co., Nourse Insurance Brokers Arthur J. Gallagher & Co. acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance …

Fireman’s Fund: Focusing on Agents

CEO LaRocco, Exec Barnard Outline Insurer’s Renewed Strategy to Re-Engage Agents and Deliver Greater Value Weathering today’s economic storm has not been easy for insurance companies. Consumers are more carefully scrutinizing their coverages, while the financial sector is taking a …

New York Insurance Regulator Dinallo to Resign; Run for AG Ahead?

New York state Insurance Superintendent Eric Dinallo will resign effective July 3, Governor David Paterson said on Thursday, amid speculation the former prosecutor may run for state attorney general. Dinallo, who was a top aide to former Democratic Governor Eliot …

Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens

Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …

UK’s Brown Warns Global Trade at Risk Unless World Takes Action

Global trade could collapse if the world does not take coordinated, concrete steps to finance trade flows, British Prime Minister Gordon Brown said in comments published on Thursday. Writing in the Wall Street Journal, Brown said the global financial crisis …

Hub International Acquires Wash.’s Rettenmier Benefits Group

Hub International Ltd.’s Northwest operating unit has acquired the assets of Rettenmier Benefits Group Inc., an Everett, Wash.-based employee benefits consulting and insurance brokerage firm serving businesses and individuals in the Pacific Northwest. Terms of the acquisition were not disclosed. …

France, Germany Urge More Flexible Climate Pact

France and Germany suggested on Monday that rich nations should collectively guarantee deep cuts in greenhouse gases by 2020 while giving flexibility to laggards such as the United States to catch up later. France said the idea, floated at talks …

World Economy Stabilizing, Says Krugman

The world economy has avoided “utter catastrophe” and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday. “I will not be surprised to see world trade stabilize, world industrial production stabilize and start to …

Oklahoma AG: Law Allowing Guns in Vehicles at Workplaces Will Stand

A 10th Circuit Court of Appeals ruling that allows Oklahomans to store firearms in locked vehicles parked on company property will stand after the filing deadline passed for further legal appeals, Attorney General Drew Edmondson announced. Edmondson’s office, in partnership …