Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi. Credo will establish and manage a Baton Rouge-based office, which will be …
The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonwealth Annuity and Life Insurance Co., a Goldman Sachs company. In conjunction …
Harleysville Insurance Co.’s CustomPak, its flagship product of its recently launched StarAdvantage Series, supports seven market segments that encompass nearly 500 business classes. Market segments targeted for Harleysville’s new offering include: business services, retail and wholesale/distributing; auto services, manufacturing/processing and …
Despite a soft insurance market, Willis Group Holdings Limited reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended June 30, 2008. However, Willis reported net income of $39 …
Genesis Underwriting Management Co. in Stamford, Conn. has named Jill L. Eaton to be manager of the Public Entity Division. Eaton will also continue to lead the division’s Western Region. The Public Entity Division provides insurance to governmental entities, schools, …
Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plummeted for the second quarter. Net income for the second …
Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund. Gov. Charlie Crist and Chief Financial …
North Dakota Insurance Commissioner Adam Hamm should stop a new television and radio ad that advertises his agency’s assistance programs, because they promote the Republican’s election campaign, Democratic officials say. Hamm said he has no intention of asking that the …
Construction costs in New York are far higher than in other major U.S. city due to factors ranging from hefty wages, high land prices and costly insurance, according to a survey by a trade group coalition. Costs in New York …
The Independent Insurance Agents of Mississippi elected Angelyn Treutel of Treutel Insurance Agency in Bay St. Louis president at their 110th Annual Convention in Destin, Florida. Treutel’s election follows an active involvement with the association that includes serving as president-Elect, …
