QBE today announced that its subsidiary, Sterling National Corp., has acquired Seattle Specialty Insurance Services Inc. Terms of the purchase were not disclosed. Headquartered in Everett, Wash., Seattle Specialty Insurance Services has provided insurance services to financial institutions since 1992. …
BP Plc said the cost of dealing with its oil spill in the Gulf of Mexico had risen to $8 billion as the oil giant prepared to release the findings of an internal probe into the causes of the disaster. …
A new bill introduced to the Pennsylvania senate would double the minimum liability amounts of auto insurance policies in the state. Current laws set minimum liability limits for bodily injury at $15,000 per person, and $30,000 for a group of …
Building on its history of providing coverage to builders and developers, independent insurance brokerage Propel Insurance announced it is expanding its real estate expertise by acquiring Cascade Risk Placement Inc. and Encore & Company Insurance. Staff from both Cascade and …
InVEST, an insurance industry classroom to career education program founded by the Independent Insurance Agents & Brokers of America (the Big “I”), named three new members to its national board: Joey O’Connor, vice president of Insurance Underwriters Ltd.; Richard E. …
New powers from the financial reform law will help avoid a repeat of 2008’s frenzied sale of Wachovia and the wreckage that followed the collapse of Lehman Brothers, U.S. regulators said Wednesday. A commission investigating the causes of the financial …
Washington, D.C.-based specialty insurer Clements International has named Tarun Chopra as vice president of finance. Chopra has 17 years of experience in finance, accounting, strategy and mergers and acquisitions leadership with companies — including Fannie Mae, Whirlpool Corp. and Ernst …
Thea Fautenberry has joined Gallagher Benefit Services in Tacoma, Wash., as an employee benefits client consultant. Fautenberry brings more than 25 years of employee benefits and human resource experience to Gallagher, having worked in the employee benefits arena for a …
In advance of a rate announcement expected in September, Washington’s Department of Labor and Industries said it is working to “transform itself” by strengthening fraud fighting efforts, helping distressed employers and driving down costs internally through efficiencies. The agency recently …
The federal government has paid more than $6 billion in benefits and compensation to employees who became injured working in nuclear weapons industry. More than 61,000 workers have received the payments in the nine years since the benefits law, Energy …
