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In a statement, Selective's chairman, president and chief executive officer, Gregory E. Murphy, said the moves follow the previously announced retirement of Jim Ochiltree, senior executive vice presid

Insurance broker Hilb Rogal & Hobbs Company said it has signed a definitive agreement to acquire Banc of America Corporate Insurance Agency, L.L.C (BACIA). A dollar figure for the transaction was not

Chubb announced its rate reduction at a California Department of Insurance press conference in Redwood City, Calif., attended by State Insurance Commissioner Steve Poizner and executives from Chubb's

Litigation and policy debates among state and federal lawmakers have exploded over anti-concurrent-causation clauses in homeowners policies that deny coverage for most, if not all windstorm losses

Authored by state Senator Leland Yee, D-San Francisco, the legislation would remove workers' compensation from the list of coverages for which insurers must maintain minimum reserves for outstanding l

Organized 12 years ago with $700 million from participating home insurers, based on their share of the market, the tax-free fund now has $2.65 billion in immediate capital on hand. Under current law,