The Bermuda-based Everest Re Group announced that it has completed the previously announced detailed study of its potential asbestos exposures, and will take a “net pre-tax charge of $311 million related to the strengthening of its asbestos reserves in the …
The rumors, and at this point that’s all they are, apparently started with a brief report on CNBC that Willis Group Holdings had expressed interest in acquiring Marsh, Inc. from MMC. Is there any truth in it? “No comment,” said …
Federal grand jurors have indicted two Sioux Falls men on charges of burning down their car stereo installation business to collect the insurance money. One of them, Chad Michael Blair, 31, earlier was charged with an unrelated scheme to set …
Beacon Marketing Group – “Helping to guide your insurance prospecting needs to new destinations” Orange, CA – January 22, 2008: Beacon Marketing Group was founded by a management team with over 35 years combined experience working in the insurance industry. …
A.M. Best Co. has revised the outlook to positive from stable on all ratings of the Harleysville Mutual Insurance Company and its subsidiaries, including the publicly-traded holding company, Harleysville Group Inc. (HGIC). Best also affirmed the financial strength rating (FSR) …
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and the issuer credit rating (ICR) of “a-” of Bermuda-based New Castle Reinsurance Company Ltd., as well as the ICR of “bbb-” of New Castle Reinsurance Holdings …
Thirty years after the enactment of the nation’s first child safety seat law, a new survey shows parents strongly support child safety seats and child seat laws. Yet nearly 100 children under age five die every year in crashes they …
Connecticut’s top insurance regulator has signed off on a deal that makes private equity firm J.C. Flowers & Co the largest investor in Meriden-based Direct Response Corp. DRC is the holding company for The Response Insurance Group, a national direct-to–consumer …
Fire investigators say a heat gun used to remove paint from a wall sparked the fire that damaged the upper floors of a Wausau, Wis. museum. The blaze broke out on the third floor of the Yawkey House Museum near …
Three Oklahoma state representatives, all Republicans, say they are returning campaign contributions given to them by the son of a man linked to convicted former state Insurance Commissioner Carroll Fisher. Reps. Jeff Hickman and Earl Sears say they’re both returning …