Thousands of people in the St. Louis area are still coping with the destruction and inconveniences left behind after the area was hit by flash flooding on Sept. 14. Hundreds of homes have been condemned pending repairs and some still …
Needham, Mass.-based Provider Insurance Group, Inc. has acquired the James Gorman Insurance Agency’s personal lines of insurance. The acquisition includes about 300 accounts of personal lines of insurance and 80 accounts of commercial lines. James Gorman Agency is located in …
Columbus, Ohio-based Grange Insurance recently named Ohio State President E. Gordon Gee to its board of directors effective Oct. 1, 2008. Gee replaces James L. Setterlin who recently announced his retirement from the Board after 21 years of service. Before …
Insurance regulators in New York and Bermuda have signed an agreement that calls for closer cooperation between the two agencies in overseeing insurance matters. New York State Insurance Superintendent Eric Dinallo and Matthew Elderfield, chief executive officer of the Bermuda …
President Bush Tuesday said the U.S. economy was depending on decisive action from the government on a financial bailout plan or the economic damage could be “painful and lasting.” “I assure our citizens and citizens around the world that this …
The New York Liquidation Bureau said it has completed all necessary steps to bring to a close the ancillary receivership in New York of American Eagle Insurance Company, a Texas-based property/casualty firm declared insolvent in 1997. American Eagle had been …
Congress has shelved a $10.9 billion bill to provide health care for ground zero workers, partly due to opposition from New York City officials. Mayor Michael Bloomberg objected to a provision in the bill that would have required the city …
Bermuda’s Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products in the property and casualty market, has acquired privately held Insight Insurance Services Inc., a specialist in professional liability insurance for accounting professionals, architects, engineers …
Underwriting margins in the United Kingdom remain under pressure in 2008, despite positive rate movement in some sectors, according to a report by A.M. Best, which also suggested that the economic downturn could ultimately lead to a turn in the …
Farmington Conn.-based FMG Acquisition Corp.’s stockholders approved a merger with United Insurance Holdings L.C., a Florida based homeowners underwriter and selected small business insurer. As a result of the Sept. 29 merger, FMG will change its name to United Insurance …
