American International Group, Inc. (AIG) has submitted a letter to the board of directors of 21st Century Insurance Group proposing to acquire the outstanding 38.1 percent publicly held shares of 21st Century for $19.75 per share in cash. AIG and …
Columbus, Ohio-based State Auto Insurance Cos. have eliminated an automation roadblock for independent State Auto agencies using Applied Systems agency management systems. State Auto has implemented IVANS Transformation Station a routing service that creates a “bridge” between Applied Systems agency …
The Board of Directors of Brown & Brown Inc. has elected Kenneth D. Kirk as regional president, responsible for the company’s retail and wholesale brokerage operations in the Western United States. Also, Kenneth Masters was elected a regional executive vice …
The Horton Group, headquartered in the Chicago suburb of Orland Park, recently was named a partner firm of Assurex Global, a privately held insurance, risk management and employee benefits brokerage group. Horton joins 116 other Assurex Global Partners with more …
The Hon. Tommy G. Thompson, former governor of Wisconsin and U.S. Secretary of Health and Human Services, has accepted an invitation to be the keynote speaker at an annual executive conference sponsored by the American Association of Insurance Services (AAIS). …
Missouri Gov. Matt Blunt issued executive orders this weekend declaring a state of emergency and activating the Missouri National Guard in response to the winter ice storm. Gov. Blunt also put the Disaster Medical Assistance Team on standby in anticipation …
SFM President and CEO Pat Johnson plans to retire in 2007, the company announced today. Johnson, assumed the role of president and CEO in 1992. SFM describes itself as the largest writer of workers’ compensation in Minnesota and a growing …
Fred Risser jokes that he’s been in the Wisconsin Legislature so long, the state is tearing down buildings that he voted to construct. The Madison Democrat officially became the nation’s longest serving out of 7,500 current state lawmakers on Jan. …
Robert M. Hoye, formerly of Arrowhead General Insurance Agency, died peacefully of natural causes on Dec. 15. Hoye was born in Harvey, N.D. He served in World War II and was honorably discharged following his tour of duty. He received …
$20 billion The federal flood insurance program may be going broke after incurring $20 billion in debt from recent storms like Hurricane Katrina. But that hasn’t stopped politicians from trying to extend the taxpayer-subsidized coverage for some of the riskiest …
