WASHINGTON -- Citigroup agreed to buy Wachovia bank in a deal backstopped by taxpayers and brokered by the Federal Deposit Insurance Corp. to avoid another major corporate failure in the midst of the ongoing financial crisis.

California-based Heffernan Insurance Brokers today announced that it has opened a new branch office in Chesterfield, Mo. Tom Hebson, formerly of Tangram Insurance Services, Inc., will manage the branc

The Insurance Marketplace Standards Association has approved a new Chairman of the Board and has elected its new Board of Directors, representing leaders from across the life insurance marketplace.

The effects on the Southeast of Liberty Mutual's acquisition of Safeco Insurance became clearer as the insurer announced its regional line-up of companies and personnel. Montgomery Insurance and S

The Main Street America Group announced today it has completed its acquisition of Great Lakes Casualty Insurance Company, a Michigan-domiciled private passenger auto insurance carrier, from Newco Financial Holdings Inc.