Liberty Northwest, a Liberty Mutual Agency Markets regional company, announced the appointment of Julie A. Burnett as president and CEO. She succeeds Larry Becker, who has decided to retire. Burnett comes to Liberty Northwest from Safeco Corp., where her career …
Insurers Travelers Cos Inc and Chubb Corp will no longer issue surety bonds with American International Group Inc as a co-participant, according to insurance brokerage Marsh Inc. Surety contracts guarantee the performance of a specific obligation, and are often required …
Fitch Ratings has downgraded the long-term Issuer Default Ratings (IDRs) and Insurer Financial Strength (IFS) ratings of Liberty Mutual Group, Inc. (LMG) and Safeco Corp. (SAF) as follows: LMG–Long-term IDR to ‘BBB’ from ‘BBB+’; –IFS to ‘A-‘ from ‘A’. SAF–IDR …
The Hanover Insurance Group, Inc., with offices in Columbus, today announced it has named Bob Cohen to its local field leadership team in Ohio, reinforcing the company’s strong commitment to winning independent agents in the Buckeye State. The Hanover has …
More than $8 million in disaster assistance has been approved for Missouri from summer storms and flooding. The relief covers the period of June 1st through August 13th, and includes more than $3.7 million for home repairs and temporary housing. …
Confie Seguros, a provider of auto insurance with an emphasis on serving Hispanic consumers, has acquired auto insurance brokerage West Coast Auto Insurance Services. The acquisition broadens Confie Seguros’ presence throughout California. According to the company, its management team has …
In response to global insurance industry software needs, Oracle has formed a new business unit, Oracle Insurance, and unveiled Oracle Application Integration Architecture (AIA) Foundation Pack for Insurance at the San Francisco Oracle OpenWorld. Oracle Insurance is designed to serve …
Billionaire investor Warren Buffett said Wednesday his Berkshire Hathaway Inc. insurance and investment company would consider buying some units from American International Group Inc., the insurer bailed out by the U.S. government. Buffett said he expressed interest in buying parts …
The U.S. property/casualty industry’s net income after taxes fell more than 50 percent to $15.9 billion in the first half of 2008 on a combination of deteriorating underwriting results and declining investment returns. As a result, the U.S. property/casualty industry’s …
The Oregon Department of Consumer and Business Services (DCBS) recently revoked the licenses of a Portland insurance agent and her agency, and fined the agent $43,714 for misappropriating clients’ premium money, being dishonest with clients, and failing to respond to …
