FLF Inc. d/b/a Diversified Risk Insurance Brokers, a commercial property and casualty insurance broker based in Emeryville, Calif., announced it had signed a definitive agreement to merge with Sutter Holding Company Inc. Diversified Risk Insurance Brokers is a founding member …
The Florida Legislature has asked for an investigation on $28 million in illicit insurance claims paid for damage done by Hurricane Frances in Miami and Dade County, an area barely touched by the hurricane. U.S. Rep. Clay Shaw, R-Fort Lauderdale, …
The Texas Department of Insurance (TDI) is reportedly taking steps to initiate new actions against State Farm Lloyds and Farmers Insurance Group in an effort to bring those insurers’ homeowners insurance rates into compliance with state law. TDI contends that …
Omaha, Neb.-based workers’ compensation carrier FirstComp Insurance Co. has landed a spot Inc. magazine’s 23rd annual list of the 500 fastest-growing private companies in the country. FirstComp, which serves small- and medium-sized businesses through independent agencies, was awarded its first-ever …
DaimlerChrysler AG’s Chrysler Group has sued insurers for refusing to cover losses the company sustained during the 2003 blackout. The outage—the worst in U.S. history—left millions of Michigan residents without power, and idled 14 of Chrysler’s 31 North American plants, …
A former Indianapolis insurance executive who fled to Central America has been indicted for what federal prosecutors said Thursday was a $3 million fraud scheme. The indictment against James R. Harrold, 61, was returned Wednesday, with charges including mail fraud, …
Standard & Poor’s Ratings Services announced that it has revised its outlook on Hartford Financial Services Group (HIG) Inc.’s P/C subsidiaries in the Hartford Fire Intercompany Pool (collectively referred to as Hartford PC) to negative from stable. S&P also said …
New York- based financial guarantee insurer MBIA, Inc. has issued a follow-up bulletin concerning the subpoenas it recently received from the Securities and Exchange Commission and the New York Attorney General’s office “requesting information with respect to non-traditional or loss …
New York-based commercial insurer American International Group Inc. announced that it has agreed to pay an $80 million penalty and appoint an independent monitor in a settlement with the Securities and Exchange Commission related to an investigation into structured financial …
Global insurance broker Willis Group Holdings is moving its world headquarters to Lime Street – across the street from Lloyd’s. Chairman and CEO Joe Plumeri has signed a Lease Agreement for the property at 51 Lime Street with long time …
