Houston-based specialty insurer HCC Insurance Holdings, Inc. has acquired VMGU Insurance Agency, an underwriter of the lumber, building materials, forest products and woodworking industries. The acquisition, along with recently announced transactions in the public risk insurance sector, will further extend …
A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Phoenix, Ariz.,-based Preferred Insurance Services LLC. Preferred Insurance Services, with annualized revenues of approximately $1.3 million, focuses on property & casualty and benefits insurance for individuals and …
2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to hamper revenues in …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
It may be a little harder to keep cigarettes lit in Oklahoma next year. Jan. 1 is the effective date for legislation passed last session requiring that cigarettes sold in Oklahoma comply with fire safety standards. The paper on these …
In the latest of a series of problems involving Interstate 40 through Oklahoma City, a hole opened in a bridge over the North Canadian River Dec. 29, forcing the closure of two eastbound lanes while crews repaired the damage. This …
A subsidiary of Florida-based Brown & Brown Inc. has acquired the assets of Thomsen Associates Insurance Services of Newport Beach, Calif. Baker, Thomsen Associates Insurance Services, with annualized revenues of approximately $1.4 million, focuses 100 percent on employee benefits for …
Colorado Attorney General John Suthers announced that the Statewide Grand Jury has indicted Richard Oliver on four felony charges involving asbestos removal and disposal. The charges include causing or contributing to a hazardous waste iIncident, knowing endangerment, and bribery of …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe losses. That’s according to Guy Carpenter Co., LLC, a global risk and …
