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Richard J. McKenna, president of Arthur J. Gallaher & Co.'s Gallagher Bassett Services subsidiary, a third-party administrator service, has retired, the Itasca, Ill.-based insurance broker said.
For only the second time in five-and-a-half years, average directors and officers liability insurance prices for all types of buyers may show an uptick for second-quarter 2009, a broker predicted.
The National Conference of Insurance Legislators (NCOIL) has approved a resolution declaring that any federal consumer protection unit that is created should not regulate insurance.
The National Conference of Insurance Legislators (NCOIL) heard proposals at its latest meeting for the establishment of mutual bond insurance companies that would be financed by the federal government.
American International Group's mortgage subsidiary, American General Finance Corp., reported it will get close to $1 billion for the sale of its mortgage-backed certificates to Credit Suisse (USA) Inc.
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