Archive for July, 2008

Former Insurance Offices to Become Arkansas Black History Museum

An insurance business incorporated in 1883 by two former slaves when segregation laws and white businesses considered blacks nearly invisible opens with fanfare this fall as a new state museum to hono

Arst Joins Higginbotham & Associates as Hospitality Specialist

Matt Arst has joined Higginbotham & Associates as a commercial account executive in the company's Fort Worth headquarters. He brings to the agency niche expertise in hospitality industry exposures and

Community Financial Insurance Adds Credo as Senior VP

Community Financial Insurance Center, Monroe, La., hired Jeanette F. Credo as senior vice president for its new Financial Institutions Division for the states of Louisiana, Alabama and Mississippi.

Hanover Insurance Completes Sale of Remaining Run-Off Life Business

The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonw

CustomPak from Harleysville Targets Small, Middle Market Firms

Supporting seven market segments that encompass nearly 500 business classes, Harleysville Insurance characterizes CustomPak as the flagship product of its recently launched StarAdvantage Series. Ma

Willis Net Income Down 50%; Revenues Up 6% in Q2

Despite a soft insurance market, Willis Group Holdings Limited (NYSE: WSH), reported a 7 percent growth in commissions and fees, including 3 percent organic growth for the quarter and six months ended

Genesis Underwriting Promotes Eaton, Williams, Hogan in Organizational Changes

Genesis Underwriting Management Co. in Stamford, Conn. has named Jill L. Eaton to be manager of the Public Entity Division. Eaton will also continue to lead the division's Western Region. The Public

Acquisitions, Lower Premiums Affect Hilb Rogal & Hobbs Q2

Richmond, Virginia-based insurance broker Hilb Rogal & Hobbs, which is in the process of being acquired by bigger insurance broker Willis, reported revenues were up 5.3 percent while net income plumme

Florida, Berkshire Hathaway Strike $224 Million Deal on Insurance Fund

Florida will pay $224 million to Berkshire Hathaway Inc. for a guarantee that the state can borrow up to $4 billion if necessary to help cover future losses by its emergency hurricane insurance fund.

North Dakota Insurance Commissioner Candidates Spar Over Agency Ads

North Dakota Insurance Commissioner Adam Hamm should stop a new television and radio ad that advertises his agency's assistance programs, because they promote the Republican's election campaign, Democ