August 21, 2009
Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be drunk drivers, robbers, forgers, possibly even rapists. They got their producer licenses in states that did not ask them for their …
August 18, 2009
Michigan regulatory officials have charged an insurer and its managing general agency with fraud in the selling of surplus lines insurance. But the owner says his company that is in runoff has done nothing wrong. The Office of Financial and …
August 7, 2009
Reno, Nev.-based Employers Holdings Inc. reported second quarter net income of $20.3 million compared with $27.4 million in the second quarter of 2008, a decrease of $7 million. Net income includes amortization of the deferred reinsurance gain related to the …
August 6, 2009
For one quarter at least, Warren Buffett may look like the Oracle of Omaha again. Berkshire Hathaway Inc., Buffett’s insurance and investment company, may end six straight quarters of lower net earnings, including its first quarterly loss since 2001, when …
August 4, 2009
First-quarter bank holding company (BHC) insurance brokerage income of $3.03 billion was up 15.0 percent from $2.63 billion in fourth quarter 2008, which marked the lowest point of quarterly insurance income since 2005, according to the Michael White-Prudential Bank Insurance …
August 3, 2009
Top 100 Privately-Held Property/Casualty Agencies Ranked by Total 2008 P/C Premium Written 2008 Rank Agency Name, Main Office 2008 P/C Premium Written 2007 P/C Premium % Premium Change 2008 Other than P/C Premium 2008 P/C Revenue 2008 Rank by Revenue …
August 3, 2009
Top 20 Bank Holding Companies in Insurance Brokerage Fee Income (2008/Nationally) Rank 2008 Insurance Brokerage Fee Income Bank Holding Company Name City, State 1 $1.60 billion Wells Fargo & Co. San Francisco, Calif. 2 $1.21 billion Citigroup Inc. New York, …
August 3, 2009
The federal government is changing the original “cash for clunkers” program so some Wisconsin drivers won’t be excluded. The Car Allowance Rebate System program required a car be insured for at least one year prior to trade-in for a consumer …
August 3, 2009
A northeast Wisconsin trucker has won another legal battle involving an insurance claim he filed after hitting a deer in 2002. Court records say what started as a $7,500 claim has since mushroomed to nearly $250,000 in damages and legal …
August 3, 2009
Rolling Meadows, Ill.-based C. W. Olson and Co., an affiliate of the full-service insurance brokerage firm Associated Agencies Inc., promoted Matthew Meliker to executive vice president and in-house counsel. Meliker, a resident of Itasca, Ill., has practiced law since May …