California Treasurer Bill Lockyer is exploring the possibility of having state pension funds create a new bond insurer, his spokesman said Thursday. Lockyer has no immediate plans to use Berkshire Hathaway’s new bond insurance unit following congressional testimony earlier this …
There is a job change coming for an executive whom investors say could become the next Warren Buffett. David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire Hathaway Inc, announced Tuesday that …
Farmers, Zurich Small Business Truck Insurance Exchange, a unit of Farmers Insurance Group, reports it will purchase the rights to access renewals on Zurich North America Commercial’s Small Business Solutions (SBS) $800 million book of business. In addition, the management …
The fast-spreading U.S. mortgage crisis prompted lawmakers this month to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General …
A hard-charging former prosecutor tries to set Wall Street right from his perch as a state official. His activist agenda brings populist praise, but also concerns he might overreach. Eliot Spitzer as New York attorney general in 2002, right? No, …
Palisades, National Atlantic A subsidiary of Palisades Safety and Insurance Association plans to acquire National Atlantic Holdings Corp., including its subsidiary, The Proformance Insurance Co. Under the agreement, each outstanding share of common stock of National Atlantic will be canceled …
To no one’s surprise A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aaa” of Government Employees Group (GEICO) and its P/C members. Best also affirmed the ICR of “aaa” …
There is a job change coming for an executive whom investors say could become the next Warren Buffett. David Sokol, widely considered among the top candidates to eventually replace Buffett as chief executive of Berkshire Hathaway Inc, announced Tuesday that …
The fast-spreading U.S. mortgage crisis prompted lawmakers Wednesday to explore problems with municipal bonds, painting a bleak outlook for bond insurers that one official said imposes a “secret Wall Street tax” on state and local taxpayers. Connecticut Attorney General Richard …
Since the March 10 issue of Insurance Journal puts the spotlight on agency salaries (Who’s Worth What? Insurance Journal’s Annual Agency Salary Survey), it’s only fair that the compensation of corporate CEOs come in for some scrutiny as well. No, …
