Insurance News

U.S. Bank CEO: Overland Park beat out 360 cities for 1,300-job center: U.S. Bank CEO Richard Davis said Overland Park beat out 360 cities nationwide to become the location for the company’s new service center, which eventually will provide office space for 1,300 employees.

McGinn, Smith credit card charges questioned: Timothy McGinn and David Smith have continued to charge thousands of dollars of expenses on their credit card despite a court order freezing their assets, according to the U.S. Securities and Exchange Commission.

Bruised consumers shun credit cards, prefer prepaid ones: More people pulled debit cards from their wallets than credit cards in 2009, changing longstanding spending habits as the recession turned the U.S. economy upside down. (SBUX) (PEET)

Luckie & Co. restructures leadership team: Growth at the local advertising firm Luckie and Co. has caused a restructing and expansion of its leadership. (T)

California Surplus Line Premiums Processed Down 15.5% in 2010: The Surplus Line Association of California has processed $1.9 billion in premium for the first six months of 2010, a decrease of 15.5 percent compared to the same period in 2009. The total number ......

Fitch Revises U.S. P/C Industry Outlook to Stable: Fitch has revised its sector outlook on the U.S. property/casualty insurance industry to stable from negative for both the commercial lines and personal lines sectors. The ratings agency says that ......

RLJ Companies Acquires Equity Stake in AV International: The RLJ Companies (RLJ) has entered into an equity arrangement with AV International LLC (AVI), a minority business insurance firm providing services for state government, municipal and corporate ......

U.S. RE Analytics Names Kutsina as Managing Director: Anya Kutsina has been named managing director of U.S. RE Analytics LLC, a subsidiary of U.S. RE Companies Inc., an international financial services and reinsurance brokerage group. Kutsina has ......