According to a new report released by Avon, Conn.-based Eastbridge Consulting Group, the benefits world is changing. Employers have been juggling the demands (and inconvenience) of three different enrollment and servicing systems-employer-paid, voluntary, and retirement products-for years. At the same …
Connecticut-based The Hartford Financial Services Group Inc. announced that its losses resulting from Hurricane Charley are estimated to be $140 million (before-tax). This amount is net of applicable reinsurance sources including the Florida Hurricane Catastrophe Fund and includes reinstatement premiums …
Overland Park, Kan.-based agency franchisor Brooke Corp. announced that it has secured a $50 million loan from a multi-seller asset-backed commercial paper conduit sponsored by DZ BANK AG, headquartered in Frankfurt, Germany. Michael Lowry, president of Brooke’s finance company subsidiary, …
Mack and Parker Inc., the Chicago hub of the North American insurance broker Hub International Ltd., announced that Scott Ammer has been hired as an account executive in the professional liability department. Ammer is responsible for developing new business, marketing, …
Jupiter, Fla.-based Weiss Ratings Inc. announced that Bruce R. Fador, a prominent leader in Wall Street’s investment research community, is joining the company as president and CEO as of Sept. 20. Weiss provides ratings and analyses of financial services companies, …
Three more insurers issued their loss estimates related to Hurricane Charley, which hit the Southeastern United States three weeks ago. Springfield, Ill.-based insurer Horace Mann Educators Corp. estimates its financial impact from Hurricane Charley, net of anticipated reinsurance, will total …
The Property Casualty Insurers Association of America (PCI) and the Insurance Institute of Indiana recently filed an amicus brief in The City of South Bend, Ind. vs. Century Indemnity Company, et. al., to be heard by the Indiana Court of …
Selective Insurance Group, Inc. (Nasdaq: SIGI), headquartered in Branchville, N.J., announced the following executive appointments: Gerard S. (Jerry) Heim, (Mt. Airy, Md.), to assistant vice president and regional claim manager of Selective’s Chesapeake region. Heim joined Selective in July 2004 …
The Daniels Agency, with New York offices in Pawling and Poughkeepsie and another in Danbury, Conn., will merge with Rose and Kiernan, Inc, a large independent insurance agency with it’s corporate headquarters in East Greenbush, N.Y. The deal, which is …
Jamie Lee Hregician was paralyzed from the chest down July 5 when his motorcycle hit a stone wall. But the 19-year-old did not suffer a head injury, and for that he credits his helmet. “I have no idea what happened,” …
