The production of insurance brokerage fee income per bank employee continued to rise through the first two quarters of 2009 to exceed year-end 2008 productivity by 12.5 percent, according to the Michael White-Prudential Bank Fee Income Report. The Annualized bank …
The founder of the ISU Group of Companies, Thomas J. Ryan, has died at his home in Hillsborough, Calif. Ryan was 85 years of age, and had melanoma. In addition to founding and leading the ISU Group, Ryan was known …
The Texas Department of Insurance Division of Workers’ Compensation has set the rate for any interest or discount provided for in state workers’ comp statutes at 3.88 percent for the period effective Oct. 1, 2009, through Dec. 31, 2009. The …
A Northern California jury has ruled that the state and two truckers are liable for $49 million in personal injury damages after an accident that left a college student with brain damage. The award is one of the largest personal …
A global recession, which has led to layoffs and a sharp drop in consumer spending, has also created a glut of commercial real estate space around the world. Vacated properties are a significant concern because they are especially vulnerable to …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Accident & General Insurance Company Ltd. (AGI) of the Cayman Islands, both with stable outlooks. Best then withdrew the …
Standard & Poor’s Ratings Services today said it assigned its ‘A+’ insurance financial strength rating on Progressive Motor Insurance Co. (PMIC); however, the outlook is negative.”The rating on PMIC is based on the support of a guarantee provided by Progressive …
Dallas-based managing general agency and surplus lines wholesaler U.S. Risk Insurance Group Inc. has named Mary Walker an associate broker in the U.S. Risk Brokers Houston office. In this position, Walker is responsible for growing and servicing a book of …
A law that goes into effect Oct. 1 will prohibit Arkansas drivers from texting or sending e-mail from their handheld devices while driving. The Legislature passed the ban during the last session, calling it “Paul’s Law,” after Paul Davidson of …
PGI Commercial, headquartered in New Jersey, has introduced a hospitality insurance program in Illinois on an admitted basis. Coverage is provided by member companies of American Safety Insurance Group, which carry an “A” (Excellent) VIII rating by A.M. Best. The …
