Fed role “It is clear that the government has got to step in.” U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, supporting a national program to backup private hurricane and flood insurance markets. Sponged-off “It is …
Markel, Black/White Associates Markel Insurance Co. has agreed to acquire the social services program business of Black/White & Associates Insurance Brokers. The transaction is scheduled to close on April 1, 2007. Black/White’s Alameda, Calif., location will become a Markel underwriting …
Fed role “It is clear that the government has got to step in.” U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, supporting a national program to backup private hurricane and flood insurance markets. Sponged-off “It is …
Markel, Black/White Associates Markel Insurance Co. has agreed to acquire the social services program business of Black/White & Associates Insurance Brokers. The transaction is scheduled to close on April 1, 2007. Black/White’s Alameda, Calif., location will become a Markel underwriting …
France’s Axa Group announced that it has reached an agreement with Kyobo Life to acquire its 75 percent stake in Kyobo Auto, a major South Korean direct automobile insurer. The announcement did not state the purchase price of the acquisition, …
A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they live, leaving insurance trade groups splintered. On Feb. 15, the judge granted …
Insurers lose steam in auto rate reg fight A California Superior Court judge has thrown out a lawsuit that challenged rules requiring auto insurers to base their rates primarily on drivers’ records instead of where they live, leaving insurance trade …
A bid to make it illegal for New Jersey auto insurers to use a driver’s job and education to decide rates failed Monday. The Senate Commerce Committee voted against releasing a proposal to ban car insurers from weighing such factors. …
Swiss insurer Zurich Financial Services AG said Friday that an American subsidiary intends to buy Bristol West Holdings Inc. for around $712 million, helping to beef up the Swiss insurer’s U.S. operations. Bristol West, an auto insurer based in Davie, …
Massachusetts insurance agents have urged the administration of Gov. Deval Patrick to scrap a proposed auto insurance assigned risk plan that the previous administration championed for four years. Former Insurance Commissioner Julianne Bowler ordered final implementation of the Massachusetts Assigned …
