Banking & Financial Services:Insurance headlines from the week of March 27, 2006
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One of the Triad's fastest-growing private companies, National Agents Alliance, is continuing its expansion with the purchase of a new building near its existing Turrentine Street headquarters.
Read National Agents Alliance buys building for expansion (Links)
CEOs like good news, and for the last few years, Don Crosbie has been getting it from an unexpected source: his directors and officers liability insurance.
Read D&O insurance rates have fallen by 50% (Links)
Florida's Chief Financial Officer, Alex Sink, was the guest of honor at a National Association of Industrial and Office Properties function June 16 at Epping Forest Yacht Club. The following are edited excerpts of an interview between Sink and Staff Writer Rachel Witkowski.
Read Sink wants to see national catastrophe fund set up (Links)
After going 31 months without a contract, SEPTA police voted overwhelmingly on Thursday to ratify a new three-year pact.
Read SEPTA police ratify contract (Links)
Cincinnati Financial Corp. revised its 2008 forecast Thursday to reflect two unforeseen complications: severe Midwest storms and the weakening of its holdings in Fifth Third Bancorp stock. (FITB) (CINF)
Read Cincinnati Financial forecast clouded by storms, stocks (Links)
Allstate Corp. is dropping an appeal of a state order to lower its auto rates by 15.9 percent. (ALL)
Read Allstate drops appeal of state order to lower auto rates (Links)
Protective Life Insurance Co. has shifted half of the responsibility of its life insurance sales to the leader of its West Coast insurance operations.
Read Protective Life realigning its life insurance distribution operation (Links)
SEPTA's 198 transit officers will vote to ratify a contract agreement on Thursday, which was signed by its union and SEPTA on Monday.
Read SEPTA officers will vote on contract (Links)
Josiah Pfannenstiel, director of the one-year-old Portland office of Work Comp Partners, says most businesses with $50,000 a year or more in worker's compensation premiums are likely forking out excess premium dollars.
Read Workers comp insurers often charge too much (Links)
The state Office of the Commissioner of Insurance is considering joining a Milwaukee County Circuit Court case concerning the December 2006 fatal explosion at Falk Corp.'s Menomonee Valley plant to recover $2.2 million in damage to the Mitchell Park Domes.
Read State insurance commissioner may join in Falk case (Links)
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