June 9, 1995
Residents of Mount Washington and officials of USF&G Insurance Co. must do better in trying to accommodate each other during the corporation's expansion of its campus in that community. Both are important to Baltimore.Mount Washington, whose development began in 1854 as a community of summer homes, eventually became the city's first real suburb. As many as 16 trains a day carried commuters from Mount Washington to downtown and back by 1885. The neighborhood today includes some of Baltimore's best citizens.
November 26, 1990
Norman P. Blake, 49, once picked by Fortune magazine as a coveted U.S. business leader, today was named head of USF&G Corp. He replaces Jack Moseley, 59. The Baltimore-based insurance and financial services company announced Moseley's retirement Nov. 7, along with a $75 million cost-cutting program.Since 1984, Blake has been chairman and chief executive officer of Heller International Corp. of Chicago, a financial services subsidiary of Fuji Bank Ltd., of Tokyo.
June 1, 1996
How many times can acompany fallBefore it has started to sink?Yes, and how many folks saidit couldn't be saved,And left us along in thedrink?Tell me how many crises didwe overcomeBefore we came back fromthe brink?The answer you'll seeAt USF>he answer's at USF&G/# -- With apologies to Bob Dylan.USF&G Corp. threw a birthday bash in grand fashion yesterday with a marching band, rousing speeches, a 10-foot-high cake and the company chairman, Norman P. Blake Jr., singing on stage with his management team.
October 19, 1990
The head of USF&G Corp. said a recent study by Public Citizen, a consumer group founded by Ralph Nader, is an effort by the group to bring about federal regulation of the insurance industry."
January 16, 1991
USF&G Corp., the insurance giant, today eliminated 900 jobs -- 8 percent of its work force -- including 360 at its Baltimore operations.The terminations, which were effective immediately, affect all levels of the corporation, and further reductions are expected, the company said. "It goes from vice presidents to clerical workers," said USF&G spokeswoman Kerrie Burch-DeLuca.The company also said it has cut $28 million in advertising and promotion funds, frozen salaries, put its corporate jet up for sale and eliminated the home-office executive dining room.
September 26, 1996
USF&G Corp. directors voted yesterday to more than double the amount of common stock the company can repurchase to 11 million shares from 5 million.The Baltimore-based insurer has bought 3.6 million shares since it began purchasing its stock in April.The move reflects USF&G's belief that the once troubled insurer's franchise will increase in value over the next several years, the company said."We believe that USF&G's stock represents a highly attractive investment opportunity for us," said Norman P. Blake Jr., chairman and chief executive of the $14.4 billion-asset property, casualty and life insurance company.