Florida based Insurance Office of America has added seven new producers. Barry Nordstrom and David Mohn join IOA’s San Diego operation. Nordstrom and his team specialize in the insurance and risk management needs of real estate developers, builders and general …
U.S. Congressman Charlie Melancon of Louisiana has urged federal administrators to direct disaster funding to Louisiana’s commercial and recreational fishermen as a result of the explosion and oil spill from the Deepwater Horizon rig off Louisiana’s coast. In his letter …
The Hartford Financial Services Group, Inc. reported first quarter 2010 net income of $319 million. Property and casualty net income rose $145 million, to $257 million for the first quarter of 2010, compared with $112 million for the prior year …
Bermuda-based PartnerRe Ltd. announced preliminary estimates of expected claims, relating to the recent explosion of the Deepwater Horizon Drilling Platform in the Gulf of Mexico, as in “the range of $60-$70 million.” The bulletin added that these “losses are expected …
The California Office of Self-Insured Plans is revoking the certificate of the Contractors Access Program of California (CAP), a self-insured group of contractors, as requested by the group. According to OSIP spokeswoman Erika Monterroza, the group, which has had as …
Fairfax Financial Holdings Ltd. announced that Zenith’s shareholders voted (by 98.9 percent of the votes cast) in favor of Fairfax’s acquisition of Zenith for $38 cash per share. The merger remains subject to approval by the California Department of Insurance …
CNA has appointed Belinda Mattucci-Mychajliw to commercial underwriting officer for its New York Metro branch office. In this position, Mattucci-Mychajliw joins nine recently announced commercial underwriting officers who will add local underwriting leadership and deep technical underwriting capabilities to branch …
Connecticut-based insurer W. R. Berkley Corp. reported a $119 million profit in the first quarter and announced plans to open an excess and surplus (E&S) underwriting company in Virginia. Net premiums written were $984 million, down from $1.023 billion in …
Western National Insurance Group of Edina, Minn., recently announced plans to affiliate with Wisconsin American Mutual Insurance Co. of Fond du Lac, Wis. The transaction is expected to close before fall 2010. It is anticipated that Wisconsin American will continue …
Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., has acquired AIM Administration Inc., a single office, employee benefits insurance brokerage firm located in Salt Lake City. The acquisition closed on April 1, 2010, and the terms of …
