Archive for April, 2010
W.R. Berkley Posts $118M Profit, Launches Virginia-Based E&S Unit
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 …
Western National Insurance Affiliates with Wisconsin American
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 …
Statement From HHS Secretary Kathleen Sebelius On News That California Insurer, Anthem, Is Withdrawing Proposed 39-Percent Rate Increase
Today’s announcement is good news for the more than 800,000 Californians who could have been hit with massive rate increases and gives them some much-needed temporary relief. Since these rate hikes were first announced, I have heard from countless Americans who have been stretched to the limit by high health insurance premiums…
Wells Fargo Insurance Services Acquires AIM Administration Agency
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 …
More Investors Suing Massey Directors Over West Virginia Mine Tragedy
Institutional investors are continuing to target Massey Energy's board of directors over an explosion that killed 29 coal miners earlier this month.
The New Jersey Building Laborers Pension Fund …
2 Miners Missing After Kentucky Coal Mine Roof Collapse
Two miners were missing Thursday and rescuers were unable to contact them after a roof collapsed in a large underground coal mine in western Kentucky, company and union officials said.
Rescue …
Selective Swings to a $5.8M Profit
Despite sizable losses from late season, East Coast storms, New Jersey-based Selective Insurance Group swung to a first quarter profit of $5.8 million, a positive change from the $12.9 million the …
Beyond the Flood Zone: Storm Surge Multiplies Coastal Vulnerabilities
"Homeowners can mitigate against wind damage, but they're powerless, really, to do anything against storm surge," says one researcher whose job it is to develop ways to determine the vulnerability …
Calif. Finds Error in Anthem Blue Cross Rate Filing, Rate Filing Withdrawn
The California Department of Insurance announced it has uncovered substantial errors in Anthem Blue Cross' January rate filing, causing the company to withdraw the filing.
In January, the company …
CCV unveils sales and marketing director
John Harrison switches to CCV from Towergate business