Berkshire Hathaway, General Electric Omaha, Neb.-based Berkshire Hathaway and Kansas City, Mo.-based General Electric announced that GE Insurance Solutions’ sale of Medical Protective Corporation to Columbia Insurance, a unit of Berkshire Hathaway, became effective recently. The sale price was $825 …
Now that immediate efforts to assist tsunami victims with housing and food relief are well underway, the AIG Disaster Relief Fund and CHF International are joining together to begin the next critical phase of long-term reconstruction that will be needed …
EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …
American International Group Inc. (AIG) announced that its subsidiary, American International Underwriters Insurance Company (AIUI), has been notified that it will receive a license from the government of Vietnam to operate a wholly owned general insurance company in Vietnam. Vietnam’s …
Mom and pop” retail agencies have always been a vital component of the insurance world, and many of them still exist today. Sons, daughters, grandsons and granddaughters are able to continue family traditions as agencies are passed down from one …
Where were you in 1969? Hitchhiking to Woodstock? Surviving the jungles of Vietnam? Graduating from high school? Learning the ropes of the insurance industry? Not born yet? If you were in Austin, Texas, in the fall of that year, you …
Harvey R. Pierce, chairman and chief executive officer of the American Family Insurance Group was elected chairman of the Property Casualty Insurers Association of America (PCI) at its annual meeting today. Pierce began his career with American Family in 1963 …
The Insurance Brokers and Agents of Sacramento will celebrate its 25-year anniversary Big “I” Day Oct. 19 at the Sacramento Convention Center, located in the heart of downtown Sacramento. Featuring more than 120 exhibits and attracting around 750 attendees, this …
Boston-based Liberty Mutual Group will further expand its Latin American insurance business with the purchase of the insurance operations of AGF Allianz Chile S.A., a unit of France’s AGF, which is in turn a division of Germany’s Allianz AG. The …
Martin Koetters of Louisville, a former insurance industry executive with 34 years of experience in the field, has been named executive director of the Kentucky Office of Insurance. Koetters held several insurance management positions in Louisville before moving to Florida …
