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Reacting to American International Group's agreement to sell its Asian life unit to Prudential, LLC for $35.5 billion, Moody's Investors Service affirmed ratings of two entities and Standard & Poor's placed one on ratings watch.
Liberty Mutual Group reported 2009 fourth-quarter net income of $456 million, a 2 percent increase from $447 million recorded for the period in 2008 and it noted increases in net written premiums and strong core business performance.
The Institute for Business & Home Safety has warned that parts of the United States are vulnerable to earthquakes and urged action on creating stronger building codes.
Gerry O'Connor has been named 2010 president of RiskProNet International, a network of 24 independent insurance brokers in North America, it was announced.
Applied Systems Client Network (ASCnet), the user group of Applied Systems' insurance agency management software, will relocate from Orlando to the Chicago area by year-end 2010.
Strategic Risk Solutions (SRS) said it is expanding into Hawaii with the hiring of Judy Nako, former acting deputy commissioner and captive insurance administrator for the state.
Massachusetts Attorney General Martha Coakley's Office announced she will oppose an insurance industry request to raise workers' compensation premium rates by over 4 percent.
Philadelphia Insurance Companies said Chief Operating Officer Christopher J. Maguire and Executive Vice President Sean S. Sweeney have been promoted to be co-presidents of the firm.
The Independent Insurance Agents & Brokers of America said U.S. Rep. Bruce Braley, D-Iowa, will address the organization's annual Young Agents & InsurPac State Chairpersons Legislative Luncheon.
Professional Insurance Agents of Connecticut Inc. said Howard Olderman was named the group's president at its annual convention in Mashantucket, Conn.
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