Evansville, Ind.-based Old National Bancorp has entered into an agreement to acquire Insurance & Risk Management, a 160-employee insurance agency with offices in Fort Wayne and Indianapolis. Based in Fort Wayne, Insurance & Risk Management has annual revenues of $15 …
Yesterday’s veto of a comprehensive civil justice reform bill will not only hurt insurers, but also consumers in the long run, according to the Alliance of American Insurers, an industry lobbying group. The bill (SB 280), which was vetoed by …
Deirdre K. Manna has been appointed assistant director of the Illinois Insurance Department. Manna will be involved in various department issues and programs including overseeing the Comprehensive Health Insurance Plan and the Senior Health Insurance Program. Prior to joining the …
A tax reform proposal unveiled in the Senate will bring needed market-based reform to the tax code by implementing a fairer depreciation schedule for intangible assets held by small businesses, according to Independent Insurance Agents & Brokers of America (IIABA) …
NYMAGIC, INC. reported that A.M. Best Company, Inc. reaffirmed its “A” (Excellent) rating for NYMAGIC’s insurance company subsidiaries New York Marine And General Insurance Company and Gotham Insurance Company. Commenting on the report, George Trumbull, NYMAGIC’s chairman and CEO said, …
A New Hampshire plaintiffs’ law firm soliciting new business reportedly recently purchased a list of workers’ compensation injury reports from the Department of Labor (DOL), a development that could well be in violation of state law, according to the National …
Kiewit Offshore Services Ltd., has reportedly agreed to pay $294,000 in penalties related to citations issued by the Occupational Safety and Health Administration for the company’s reported failure to implement standards in a Texas facility that protect workers against welding …
Fla.-based Brown & Brown Inc. reported that net income increased 32.3 percent for the second quarter of 2003 over the same period in 2002. The company’s net income came in at of $27,935,000, or $0.41 per share compared with the …
FloodSource, a Fort Worth-based provider of flood data and flood hazard determination systems, announced that Marshall & Swift (M&S) has integrated FloodSource’s online flood maps directly with M&Sconnect™, M&S’s newest commercial appraiser application. This new partnership gives M&Sconnect users instant …
Munich Re has become the first international reinsurer to receive a country-wide composite reinsurance operating license in the People’s Republic of China from the Chinese Insurance Regulatory Committee (CIRC). The responsible Member of the Board, Karl Wittmann, stated: “We are …
