Terry Frakes has retired from Austin-based workers’ compensation insurer, Texas Mutual Insurance Co., after more than 25 years of service to the company. Frakes was Texas Mutual’s third employee after it was created by the Texas Legislature in 1991 (then …
Nearly 1,500 residents were ordered to evacuate from their volcano-side homes after Hawaii’s Kilauea Volcano erupted, sending molten lava to chew its way through forest land and bubble up on paved streets. Volcano officials couldn’t predict how long eruption that …
The Oklahoma Highway Patrol has led seven vehicle chases over the last year resulting in eight deaths. Two who died were uninvolved motorists, and the latest to die was one of the agency’s lieutenants, the Tulsa World reported. All actions …
Last month’s record rains destroyed or did major damage to 115 homes on Kauai and Oahu islands, the state of Hawaii said Wednesday as it sought a disaster declaration from the president. The cost of emergency work and damage to …
Wisconsin-based American Family Insurance group and Florida-based The Main Street America Group will pursue a merger, the companies announced today. The combined equity of the merged entities is expected to be more than $9 billion. Upon completion of the merger, …
One way or another, California’s next insurance commissioner will be the first of his kind. The June 5 primary features Democrats Dr. Asif Mahmood and Sen. Ricardo Lara against former commissioner Steve Poizner. Mahmood would be the first Muslim to …
Willis Re announced the appointment of Andrew Vince as deputy head of its global engineering practice. Vince has 25 years of underwriting experience in the class, most recently as manager of engineering treaty and onshore energy at Transatlantic Re. Previously …
Cochrane & Co. has acquired the assets of Heritage General Agency, a wholesale managing general agent, based out of Englewood, Colo. HGA will become part of Cochrane and will establish Cochrane’s presence in Colorado. HGA specializes in providing service and …
The California State Compensation Insurance Fund’s annual report shows net premiums earned were down in to $1.3 billion in 2017 from $1.5 billion a year earlier. State Fund issued its 2017 annual report on Thursday. The decline of State Fund’s …
An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t influence the company’s decision to “wipe out” a $600 million employee bonus pool during the financial crisis. “We had pressure …
