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BB&T bank said it has entered an agreement to purchase premium finance company AFCO Credit Corp. and its Canadian affiliate, CAFO Inc., from Pittsburgh-based financial services company Mellon Financia

Jentzu Pan will head the office, Benfield said. Mr. Pan's background includes working for the last 15 years at Cathay Financial Group in charge of reinsurance operations across all lines of business i

The Latin American Agents Association, based in El Monte, Calif., also said it believed insurers, consumer groups and the state insurance department should wait and see which way the market is impacte

Mike McGavick, the former Safeco Insurance chief executive, revealed during his U.S. Senate campaign yesterday that he once had a Maryland drunk driving charge while serving as an insurance lobbyist a

In its ruling earlier this week, the high court supported the finding that the plaintiff did not need to "prove malice, vindictiveness, or wanton disregard of the rights of others," which can be a req

HedgeStreet, based In San Mateo, Calif., said it was selling hurricane contracts for as little as $9 that return $100 if the storm creates insured damage above certain levels that are certified by th

WASHINGTON--A Richmond, Va.-based title insurer has agreed to pay more than $102,000 to settle charges by Colorado authorities that it paid illegal kickbacks to homebuilders for their exclusive busines

An increasing number of directors and officers' liability insurers are claiming improperly that their policies exclude coverage against securities lawsuits, an attorney specializing in policyholder ca