Mr. Kusumi, 61, will be responsible for the company's personal lines operations, including products, pricing, service and underwriting strategies, as well as growth and profitability. He will work out

St. Paul, Minn.-based The Travelers insurance company said it has joined the U.S. Green Building Council to expand its commitment to support both the company's and customers' actions toward environmen

"We assigned a negative outlook to MBIA due to its significant exposure to domestic nonprime mortgages and related exposures to collateralized debt obligations (CDO) of asset-backed securities (ABS),"

Hub said that Hub Ontario and HKMB Hub, both in Ontario, Canada, will remain as separate legal entities. However, collaboration of their respective executive teams is anticipated under Mr. Morrison's

"We are pleased to welcome Terry to the First Mercury team," Richard H. Smith, First Mercury chairman and chief executive officer, said in a statement. "His experience in the insurance industry and li

Florida's Office of Insurance Regulations has reached an agreement with Allstate where the company will pay a $5 million fine to resolve legal issues stemming from the company's fight over documents t

It's decision means that more than 40,000 homeowners in North Carolina will have to scramble for new coverage starting Sept. 15. Farmers is the ninth largest homeowners' insurer in the state, a compan

Burlington, Vt.--The Vermont captive market remains strong despite the soft market, Vermont Gov. James Douglas observed during opening remarks at the Vermont Captive Insurance Association's (VCIA) 23rd