Overland Park, Kan.-based agency network Brooke Corp. assisted franchisees and others in the acquisition of five insurance agencies in the states of Texas and Florida in November, according to a statement. The company earned more than $600,000 in consulting fees …
Marion, Ohio-based Len Webb Insurance Agency has added Stacey Webb Lehner to its staff, according to a statement released to the Marion Star. She has more than 17 years of financial, sales, customer service and management experience. A lifelong Marion …
California Insurance Commissioner John Garamendi offered his sympathies and some advice in a statement to the victims of the Paso San Robles earthquake last week. “I offer my deepest sympathy to the families of the victims in today’s earthquake, and …
Swiss Re announced that it has received a branch license from Japan’s Financial Services Agency, giving it permission to provide its reinsurance services locally, both in Property & Casualty and in Life & Health. “In accordance with Japanese regulations, Swiss …
Underwriters at Lloyd’s of London have appointed Connecticut-based William Kramer & Associates (WKA) as the sole claim loss insurance adjuster for the Massachusetts Turnpike Authority (MTA). WKA has extensive experience in loss control, including work on the largest highway project …
In addition to affirming W.R. Berkley’s overall ratings (see related article in National news), Standard & Poor’s Ratings Services also announced that it has assigned its preliminary ‘BBB+’ senior debt, ‘BBB’ subordinated debt, and ‘BBB-‘ preferred stock ratings to the …
John D’Agostino Jr., President of The Professional Insurance Agents of New Jersey Inc., has written a letter to Douglas A. Wheeler, Assistant Commissioner of the state’s Department of Banking and Insurance, commenting on its proposals for new rules concerning alternate …
A.M. Best Co. announced that it has downgraded the financial strength rating to “A-” (Excellent) from “A” (Excellent) of Employers Reassurance Corp. (ERAC) and assigned a stable outlook. “The rating reflects ERAC’s superior stand-alone risk-adjusted capitalization and favorable liquidity position,” …
ACE Guaranty Corp. announced the appointment of Michael Schozer as its new President and the retirement of Jerry Jurschak, Chief Executive Officer of ACE Financial Services, AGC’s parent company. Schozer comes to AGC from Ambac, where he was the managing …
Bam, the ancient city in southeastern, Iran lies in ruins after an earthquake, measured locally at 6.3 on the Richter scale (the US Geological Survey measured it at 6.7), struck early Friday morning. No official count of the dead, wounded …
