Fireman’s Fund Insurance Co. (Fireman’s Fund), Novato, Calif., has announced an initiative to support fire departments rebuilding in the aftermath of Hurricane Katrina. Grants will be awarded to replace equipment and materials damaged by the storm and flooding. An advisory …
New Orleans-based Pan-American Life Insurance Company announced the appointment of three new executives to its senior management team. Dominick Cortellessa joins the company as senior vice president and chief information officer; Marta Reeves joins as vice president for Corporate Marketing; …
Universal Insurance Holdings of North America announced it has added new members to the Universal Insurance Company of Texas (UICTX) team, based in San Antonio. Katherine Moore, vice president of Texas operations for UICTX states, “We are proud to welcome …
HCC Insurance Holdings Inc. announced that the Houston-based property/casualty insurer estimates a gross loss of $70 million from Hurricane Rita arising primarily from onshore and offshore energy, property, marine and other specialty lines of business. However, HCC still expects to …
Dallas-based Cunningham Lindsey U.S. announced that Cunningham Lindsey Axis (CLA), the domestic division of Cunningham Lindsey International providing loss-adjusting services throughout the U.S. and Caribbean for large and complex losses, has appointed Stuart Stromeyer and Vince Milligan to their team …
Brooke Franchise Corporation added 27 new franchise locations in September in California, Colorado, Florida, Georgia, North Carolina, Oklahoma, Texas, Vermont, and Washington, receiving approximately $4,200,000 in initial franchise, consulting and seller fees. Brooke Franchise Corporation, based in Overland Park, Kan., …
With costs for energy rising, there may be renewed interest in shipping by more by rail and less by truck when considered economically viable, according to a new report by the Inland Marine Underwriters Association (IMUA) Transportation Committee. The 11-page …
Pakistani officials have now said that at least 33,000 persons almost certainly perished in the earthquake that struck the northwestern part of the country on Saturday, Oct. 8 (See previious articles). Little hope remains of finding further survivors, and the …
Seattle-based Safeco announced estimated after-tax catastrophe losses from Hurricane Rita of $27 million, or $0.21 per diluted share. Pretax catastrophe losses from the storm are estimated at $42 million. These figures represent estimated losses both from claims received through Oct. …
Life insurance provider Lincoln National Corp. has agreed to acquire insurer Jefferson-Pilot Corp. for about $7.5 billion in cash and stock in a deal that will create one of the country’s biggest public life insurance companies. The deal would combine …
