N.H. CARS MOVED AFTER ACCIDENT:
A law that took effect Jan. 1 requires New Hampshire motorists to move their vehicles off the road as soon as possible after an accident, so long as doing so won’t injure anyone or cause more damage. “Most of us …
CONN. AG SUES OVER COMMISSIONS:
Connecticut Attorney General Richard Blumenthal has sued insurance broker Marsh & McLennan Inc., and insurance provider ACE Financial Solutions Inc., for a scheme in which ACE allegedly paid Marsh a secret $50,000 commission to steer an $80 million workers compensation …
CLASS ACTION FILED IN MASS.:
Medford, Massachusetts trial lawyer Robert Bonsignore has filed a class action suit in U.S. District Court in Boston accusing insurance broker Marsh and several insurers of price-fixing and consumer fraud. The suit targets Ace Insurance Co., American International Group, MetLife …
Spitzer Blasts Business Leaders as Defenders of Unethical Practices
New York Attorney General Eliot Spitzer, who has shown he is willing to take on securities analysts, the mutual fund industry, the insurance industry, the pharmaceutical industry and New York’s sitting governor, is also taking on the “pretenders to free …
Pennsylvania-based Harleysville In Transition to Restore Historic Results
Several events stand out in the history of Harleysville Insurance. There was its launch as an auto theft protection association in 1915 in the Pennsylvania community whose name it shares and there was its debut as a public company in …
Despite Surge in Biker Deaths, Helmet Bill Tough Sell in Maine, N.H.
With arctic winds still blowing and snow flying across northern New England, motorcycle season is still a ways down the road. But the debate over helmets will soon rev up in at least one of the states where the motorcycle …
People & Places
Lee Patkus The Citizens and Hanover Insurance Companies have named M. Lee Patkus regional vice president of The Hanover Insurance Company’s Florida region. In this capacity, Patkus will be responsible for all aspects of commercial and personal lines distribution, marketing …
Pay to Play
Last year the New Jersey legislature came up with what appeared to a stopgap solution to the rising cost of medical malpractice premiums for doctors. The answer was to assess lawyers, specialty doctors, dentists, chiropractors and other businesses a $75 …
Q&A with USI Holdings’ Jeff Jones
Jeff Jones, senior vice president and chief marketing officer of USI, took a moment to answer a few questions from Insurance Journal regarding the impact current investigations into broker compensation could have on the industry. Insurance Journal: Do you see …
What Makes a Great Owner’
The typical independent insurance agency owner is a person who spent most of their career in production. At some point, when their book of business was large enough, they either started a new firm or became the new partner in …
