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In a statement yesterday after the close of trading, the Briarcliff Manor, N.Y.-based broker said it has formed a special committee to examine a proposal from a private equity firm to purchase all of
Florida Peninsula filed a rate increase with the Office of Insurance Regulation in April to increase its rates by a statewide average of 91 percent and began imposing the rates prior to obtaining Offi
Moody's Investors Service in New York affirmed the Aa3 financial strength ratings of operating subsidiaries of PartnerRe Ltd. this morning, pushing the outlook to stable from negative, after the Bermu
With no major catastrophe events hurting results this year, Bermuda-based Everest Re reported third-quarter net income of $245.7 million, reversing 2005's loss for the period, and nine-month results i
The U.S. Equal Employment Opportunity Commission said that Judge E. Richard Webber, sitting in the U.S. District Court in St. Louis, granted the EEOC's motion for summary judgment against Allstate. A
The race to fill the post being vacated by Insurance Commissioner John Garamendi, who is running for lieutenant governor, pits Democratic Lt. Gov. Cruz Bustamante against Republican entrepreneur Steve
The court ruled earlier this month in the case of Deana Durand vs. The Industrial Commission that just because the claimant first experienced pain in her wrists in 1997 it does not mean the eventual c
Brown & Brown third-quarter net income rose $5.5 million, from $35 million, or 25 cents a share in the period last year, to $40 million, or 29 cents a share. Revenues in the quarter increased 11 perce
NEW YORK--There is an even chance Congress will approve some form of terrorism insurance backstop, but passage won't come until the last minute, a brokerage firm executive predicted at an industry meet
Guy Carpenter & Company announced today that GCFac, its dedicated facultative reinsurance unit, has launched a new electronic trading facility allowing brokers in Latin America to deal online with His
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