U.S.I. Holdings Corporation (“USI”) announced that it has completed due diligence and entered into a definitive agreement to acquire Los Angeles, Calif.-headquartered Dodge, Warren & Peters Insurance Services, Inc. (“DWP”). DWP is expected to contribute approximately $25 million of revenues …
The Insurance Council of Texas (ICT) announced that Texas Workers’ Compensation Commission Executive Director Dick Reynolds will speak on the Texas workers’ compensation system at ICT’s second annual workers’ comp symposium in Austin on May 5. Reynolds will kick-off the …
Texas Mutual Insurance Company announced that Harry Mahler has joined the company as senior vice president of underwriting and loss prevention. Mahler will oversee the company’s corporate and regional underwriting, loss prevention and marketing efforts. He has over 25 years …
A large medical malpractice insurer plans to bypass Texas regulators in order to raise insurance rates for doctors, the Associated Press reported. GE Medical Protective will increase the cost of premiums 10 percent on June 1 by switching from a …
West Virginia’s Workers’ Compensation Board of Managers on Monday heard public comments on two proposed rules – one focusing on proposed risk pools for self-insured employers and the other on a mandatory review of permanent total disability awards dating back …
Headquartered in Vero Beach, Fla., Sid Banack Insurance Inc. announced the strategic sale of its Vero Beach and Melbourne offices to Glenn Allen, Va.-based Hilb, Rogal & Hobbs Inc. in an attempt to further the services provided to its clients …
ACE USA, a member of The ACE Group of Companies, announced key changes to the ACE USA business operations. The following appointments take effect immediately: John Lupica, president, ACE Professional Risk, has been appointed to the additional position of president, …
The Federal Emergency Management Authority has agreed to a plan that could relieve New York City of up to $350 million in costs for debris removal from the Sept. 11 terrorist attacks. The $350 million had become an issue between …
In a targeted effort to reduce the number of fraudulent auto insurance claims that drive up premium costs for residents of Springfield and Holyoke, Mass., a task force has been formed that combines the resources of the Insurance Fraud Bureau …
Missouri “pool” businesses should reportedly save $3 million from 3.7 percent workers’ compensation rate cut The private insurer running Missouri’s workers’ “pool” for high-risk businesses has filed an average rate cut of 3.7 percent, effective for policies issued after June …
