United States News

More European Insurers Hit by Market Writedowns

More European insurers unveiled writedowns on their investments in a second wave of first-quarter results on Thursday, although some said sales were proving relatively resilient. Analysts said investors were left with something of a mixed picture, with signs of improving …

Arrowhead General Insurance Agency Announces Bouker as Company President

San Diego, CA, 05/13/2009 – ARROWHEAD General Insurance Agency, Inc. announced that its board of directors has elected Steve Bouker as president of Arrowhead, effective May 1, 2009. Bouker joined Arrowhead in 2000 and currently serves as president of Arrowhead’s …

Health Groups Hope Savings Vow Wins Them Say in Obama Reforms

President Barack Obama’s plan to provide medical insurance for all Americans took a big step toward becoming reality after leaders of the health care industry offered $2 trillion in spending reductions over 10 years to help pay for the program. …

Brown & Brown to Buy New York’s Irving Weber Associates

Brown & Brown, Inc. has agreed to acquire a Long Island-based insurance agency, Irving Weber and Associates. The deal is expected to close in late May. With annualized revenues of approximately $4 million, Irving Weber specializes in insurance programs for …

New H1N1 Flu Virus Not Quite a Pandemic-Yet, Says WHO

The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said Monday. Dr. Keiji Fukuda, acting WHO assistant director-general, …

Idaho Hispanic Population Shows Buying Power

Two years ago, Nestor Carrillo could fit the demands for his Mexican candies and tortillas into one truck as he drove products to a handful of stores across Idaho. Carrillo now has four trucks, three employees and delivers to more …

Arthur J. Gallagher Acquires Texas-based Employee Benefit Broker

Arthur J. Gallagher & Co. has acquired the Sellers Group LLC, an employee benefit broker in The Woodlands, Texas. Terms of the transaction were not disclosed. Established in 1997, Sellers Group LLC offers a full range of group employee benefit …

Texas Jury Awards $72.6M Against Law Firm in Patent Case

A federal court jury has returned a $72.6 million damage award against a Dallas-based law firm over a botched patent application involving a safety device designed to help save downed firefighters. The jury returned its verdict against Akin Gump Strauss …

Ratings Roundup: DTRIC, Utica, Atradius NJ

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating of “a-” of Hawaii’s DTRIC Insurance Company Limited, both with stable outlooks. “The ratings,” said Best, “reflect DTRIC’s continued improvement in capitalization, well …

Like ‘Waiting for Godot,’ WTO Awaits Next US Move

Most countries are ready to finish the long-running Doha round of world trade talks, but all bets are off until the Obama administration determines how to proceed, a group of visiting diplomats from developing nations said Thursday. The administration of …