Joseph Solomon, the former CEO, was let go without severance, along with David Clark, vice president of underwriting, after a series of investigations revealed that certain businesses with cozy links
The stockholders action was filed yesterday by the great-great-granddaughter of a Safeco founder and was immediately labeled a "politically motivated character attack" by the former boss of the Seattl
In New Mexico, the insurance department is run under the aegis of the PRC, one of whose commissioners, Lynda Lovejoy, issued a statement expressing concern about the dismissal, saying the reasons for
Luke Savage, Lloyd's director of finance and risk management, expressed satisfaction with the action. "Given last year's record natural catastrophes, we are particularly pleased A.M. Best has recogniz
But auto premium shrank 5.6 percent and unit count fell 3.3 percent. "This is initially inconsistent with the view that Safeco can grow at a faster rate than more nationally diversified peers," he wro
The unanimous decision by the Houston-based Fourteenth Court of Appeals overturned a trial court verdict and found that Exxon was not liable for an employee's wife's exposure to asbestos because the r
A second agents' group today attacked the latest action by a major insurer ending contingent compensation fees for agents and brokers as part of an agreement to settle charges of accounting fraud, bid
Charles Symington, senior vice president for government affairs and federal relations for the Independent Insurance Agents and Brokers of America, has said independent property-casualty insurance agen
Binyamin Schwartz, 28, of Oak Park, Mich., was indicted July 19 by a grand jury that accused him of identity theft, aggravated identity theft, access device fraud and wire fraud, according to an
IBM has announced it acquired Webify Solutions, an Austin, Tex.-based privately held provider of industry-specific software and services for building service-oriented architectures (SOA). Financial