Banking & Financial Services:Insurance headlines from the week of March 27, 2006
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For reading pleasure, some people turn to novelists David McCullough ("John Adams") or Sue Grafton ("H is for Homicide").
Read Fighting for denied claims leads to $100M for clients (Links)
Continued price cuts for workers' compensation insurance appear to be driving several historically shrewd, big players to slash their workers' comp footprint in California.
Read Big workers' comp carriers writing less business in California (Links)
The last couple of mergers involving Regions Financial Corp. have resulted in lost jobs, but at least one division is growing and firmly planting itself in the Memphis market.
Read Regions Insurance income jumps (Links)
Cintas Corp. says mismanagement of its insurance coverage and claims by brokerage units of Aon Corp. and an Aon adviser in Cincinnati have saddled it with millions of dollars in unreimbursed legal expenses.
Read Cintas suit claims risk firm's error cost it millions (Links)
A specialty Dallas insurance broker is on the verge of an expansion that could make it one of the largest operations of its kind in the nation.
Read U.S. Risk seeks $36M infusion (Links)
A sharp decline in a Fifth Third Bancorp hedge fund investment led to more than $300 million in charge-offs the bank took in the last two quarters, according to a Bloomberg report. (FITB)
Read Hedge funds hurt Fifth Third's results (Links)
A long cross-border battle is being waged by a family owned Canadian insurance brokerage against an Upstate New York banking company based in Niagara County.
Read Name battle pits First Niagara vs. First Niagara (Links)
NORTHEAST FLORIDA -- More than 1,000 employees and agents of Allstate Corp.'s insurance companies in Jacksonville could be affected by the state First District Court of Appeal's final order allowing state insurance regulators to suspend new business with Allstate.
Read Court confirms regulators' suspension of Allstate (Links)
Regardless of the season -- hot or cold, wet or dry -- Houston seems to experience its share of extreme weather. But this is nothing new. A look back in time reveals some weather that surely shattered records.
Read From dry spells to hurricanes, city a hub of weather extremes (Links)
It would be fair to say New Mexico's superintendent of insurance is taking the Trigo fire personally.
Read A total loss (Links)
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