The nation’s bank holding companies experienced a slight increase of 0.5 percent in their total insurance revenue from $43.5 billion in 2006 to $43.7 billion in 2007. Citigroup Inc. (N.Y.), Wells Fargo & Co. (Calif.), HSBC North America Holdings (Ill.), …
Billionaire Warren Buffett’s new municipal bond insurance company Friday won the top “AAA” rating from Standard & Poor’s Ratings Services, which cited the venture’s nearly $1 billion surplus. Berkshire Hathaway Assurance Corp. has been granted licenses by 48 states and …
A federal grand jury on April 10 indicted a Louisiana state senator on charges he conspired to launder money for a convicted felon accused of operating an illegal insurance business. Derrick Shepherd, a lawyer from the New Orleans suburb of …
Union General Insurance Services Inc. of Concord, Calif., has an “A+” rated carrier offering package coverage, general liability and property for vacant properties. Coverage is available for all types of habitational risks, small to medium commercial buildings and repossessed properties. …
The Mt. Diablo, Calif., chapter of the Chartered Property Casualty Underwriters Society has elected its 2008-2009 officers and directors. The new leaders, who will be installed at the chapter’s June luncheon, include: President Bob Pick of CSE Insurance Group; President-Elect …
Zurich Financial Services Group announced the appointment of Lindene Patton and Elpida Constantinou to key positions within its Climate Office, both will report to Michael Kerner, Global Chief Underwriting Officer and Head of Zurich’s Climate Initiative. Patton, 43 and a …
California State Compensation Insurance Fund has been facing many changes recently, but it has no intent to be the dominant player in the state workers’ compensation insurance market, according to Janet Frank, SCIF’s CEO. Looking back at the Fund’s 94-year …
U.S. law offices plan a hiring spree as they ready a new volley of lawsuits for consumers who lost houses and investments in the mortgage industry meltdown. But new legal rules make it tougher to win than in the days …
Some 100,000 cubic yards of dirt dumped on the edge of California’s Loma Alta Creek to elevate Sprinter light rail tracks could be costly for nearby residents and business owners. Federal Emergency Management Agency flood planner Marshall Marik says the …
The Board of Directors of Pacific Interstate Insurance Brokers in El Dorado Hills, Calif., has appointed Kirby Wells to the board on a unanimous vote. Pacific Interstate Insurance Brokers group (PIIB) is a marketing organization consisting of 60 independent agencies …
