Willis Group Holdings extended the contract of its chairman and CEO Joseph J. Plumeri until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. Global property/casualty insurer Chartis …
As state legislators across the United States enact laws that ban phoning and/or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions …
Why Small Business Means Big Business for Insurers and Brokers Alike Main Street business often means different things to different people, but it generally refers to small commercial establishments that would be found in towns and villages across the United …
Top 100 Agency Profile Agency Name: Marshall and Sterling Enterprises Inc. Headquarters: Poughkeepsie, N.Y. Year Founded: 1864 Additional Locations: 17 2008 Total Premium Volume: $342 million Property/Casualty: $289 million Other than P/C: $53 million % Commercial: 65% of total % …
Damage and loss from yesterday’s magnitude 5.9 earthquake that struck offshore Northern California are expected to be less than $10 million, with insured losses a fraction of that, a risk modeling firm has reported. The moderate quake struck at 12:20 …
iPeople LLC will launch a new merger and acquisition service for insurance agencies, brokerage firms and managing general agents throughout the United States. iPeople, a Washington, D.C.-based insurance consulting firm, will now assist firms with any details when considering buying, …
Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country. In its New Jersey office, Robert Williams joins ASI as a senior excess casualty underwriter. Williams has more than 20 years of …
Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of widespread damage from flooding, according to one researcher. …
ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year. For the full year ACE reported net income of $2.549 …
United Property & Casualty Insurance Co. in Florida said it is seeking approval to write homeowners insurance in Massachusetts, Connecticut, Rhode Island, New York, North Carolina, South Carolina and New Jersey. The company, which opened for business in 1999, currently …
