The U.S. Treasury is barely breaking even on its investment in beleaguered insurance giant American International Group Inc., according to an early litmus test of market interest in the firm’s stock. The Treasury sold 200 million shares of AIG at …
The Japanese earthquake and tsunami that occurred in March 2011 served as a wake up call of sorts for businesses vulnerable to supply chain exposures. Subsequent intense weather events in the United States during April and May have underscored the …
Ryan Specialty Group, LLC has introduced its LifeScienceRisk, a managing general underwriter specializing in generic pharmaceuticals, medical devices and nutritional supplements. Insurance products include commercial general liability or mono-line products liability for manufacturers, contract manufacturers, repackers and distributors of these …
Violent crime is down 6.2 percent and property crimes have decreased 2.8 percent in the U.S., according to the latest government statistics. Also, arson offenses, which are tracked separately from other property crimes, is down 14.6 percent nationwide. The Federal …
Julie Tinney, vice president of sales and marketing, Wells Publishing Inc., and self-proclaimed “gadget geek,” will be speaking on the new media and future of publishing during a webinar sponsored by Audience Development magazine. The webinar, “Digital Editions, Apps and …
Devastating tornadoes, floods, earthquakes overseas and a busier-than-usual hurricane season have U.S. insurance companies bracing for record losses in 2011. Insurers could suffer as much as $10 billion from weather-related losses in the United States in 2011, which is up …
The Hartford is divesting Federal Trust Bank, the Florida thrift it acquired in 2009 in order to receive federal bailout money as part of the Troubled Asset Relief Program (TARP). Davenport, Florida-based CenterState Banks will acquire Federal Trust in a …
Neace Lukens has launched a new energy consulting service as part of its risk management division, CORE Solutions Property Services (CSPS). This energy service program was established as part of new business relationships forged with Ecotech Renewable Engineering, a Cincinnati, …
Mark Heuer has been promoted to vice president – national agency relations for Crump Insurance Services Inc. In this position, Heuer will work with larger retail agents helping to match resources, teams and expertise. He will also work with carriers …
Allstate Insurance Corp.’s plan to buy Esurance Insurance Group is being viewed positively by a key ratings analyst. A.M. Best Co. placed the financial strength rating of A- (Excellent) and issuer credit ratings of “a-“of Esurance Insurance Group under review …
