A.M. Best Co. assigned an “A-” (Excellent) financial strength rating to Nonprofits’ Insurance Alliance of California (NIAC) and “B++” (Very Good) ratings to Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG), Vermont, and National Alliance of Nonprofits (NANI), Vermont. …
Republican political observer Laura Ingraham and former Clinton White House Senior Adviser Paul Begala are feature commentators for a political discussion at the Independent Insurance Agents of America’s (IIAA) upcoming Hawaii InfoXchange. More than 2,000 insurance professionals are expected to …
Marsh & McLennan Companies, Inc. (MMC), reported increased revenues and earnings for the quarter ended June 30, 2001. The company stated that consolidated revenues rose 1 percent to $2.5 billion, net income grew 6 percent to $293 million, and earnings …
GE Capital, the financial services arm of General Electric Co., has acquired the credit unit of insurer SAFECO Corp., according to a report by Reuters Securities. While financial details of the transaction were undisclosed, Reuters reported its had sources familiar …
Pursuant to a previously announced letter of intent, Hub International Ltd. acquired Burnham Insurance Group, a regional insurance broker based in Battle Creek, Michigan, with offices throughout Michigan and in Chicago, Cleveland, and Dallas. The Burnham Insurance Group, a regional …
According to a new study by Guy Carpenter &. Co. Inc., a leading global reinsurance intermediary, as insurance companies address their ability to manage capital more efficiently to achieve greater profitability, reinsurance will play an increasingly larger role in capital …
The Wakefield, Mass.-based ASP Industry Consortium announced the availability of a new insurance program designed specifically for application service providers (ASPs). The program, developed in conjunction with InsureHiTech, an insurance brokerage for New Economy companies, provides comprehensive protection against the …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division arrested three Modesto residents on charges of insurance fraud. Johnny B. Slefo, 42, Wylet G. Slefo, 42 and Bernadet Younan, 37, were arrested in Modesto on one …
BELFOR, an international fire and water damage repair company, announced it had recently taken over Inrecon LLC (INsurance RECONstruction), the leading company for the repair of fire and water damage in buildings and technical installations in the North American market. …
The St. Paul Companies announced second-quarter 2001 operating earnings from continuing operations of $90.8 million, or $0.39 per diluted share, compared with $144.5 million, or $0.63 per share, in the second quarter of 2000. As previously announced, adverse prior-year development …
