Robert Genin embarked on a paper chase in Bay St. Louis, Miss. soon after Hurricane Katrina swamped the house he and his wife, Mary, bought here 35 years ago. The Aug. 29 storm washed away all his belongings, including financial …
Nationwide Mutual Insurance Company and Hellman & Friedman Advisors LLC, a San Francisco-based private equity investment firm, have entered into a definitive agreement for Nationwide’s sale of Gartmore Investment Management plc (GIM), the London-based arm of Gartmore Group, to Hellman …
The Board of Directors of Transatlantic Holdings, Inc. elected Martin J. Sullivan as its non-executive Chairman at a regularly scheduled meeting. Sullivan is the President and CEO of American International Group, which owns 59.3 percent of Transatlantic. The Board also …
Bermuda-based Quanta Capital Holdings Ltd. announced that “following the evaluation of strategic alternatives, and in consultation with its financial advisors, the Board has decided to cease underwriting or seeking new business and to place most of its remaining specialty insurance …
A report compiled by the Australian government’s Department of the Environment and Heritage – Australian Greenhouse Office, concludes: “Evidence that the Earth is warming has become much stronger since the IPCC Third Assessment Report was published in 2001. The surge …
Florida Preferred Insurance Company policyholders will be protected this hurricane season because company officials finally agreed to let the financially-troubled property insurer to enter into liquidation effective June 1, according to Tom Gallagher, Florida CFO. “This decision is in the …
An informal AAA poll of state lawmakers suggests that the Michigan House of Representatives has the number of votes needed to repeal the state’s 37-year-old mandatory motorcycle helmet law. It is estimated that the repeal will result in 22 additional …
David Greenberg has been named president and chief executive officer of Rhode Island-based Brokers’ Service Marketing Group. In his new capacity, Greenberg, who is a partner in the life insurance and financial services brokerage, will oversee daily operations while directing …
Maine Emergency Management Agency Director Arthur Cleaves is leaving his state post become New England director of the Federal Emergency Management Agency. Gov. John Baldacci announced Cleaves’ departure last Friday. Word of Cleaves’ move had circulated during the week as …
The Association of California Insurance Companies (ACIC) is urging Californians living in brush and mountainous areas to be prepared for what could be a particularly dangerous fire season later this year. “It is believed that there will be above normal …
