Marsh Will Drop ‘Unprofitable’ Accounts But MMC Will Keep Putnam and Mercer Units Giant insurance broker Marsh, battered by regulators, soft market prices and competitors in 2004, plans on dropping thousands of unprofitable accounts as it implements its new business …
Marsh doesn’t want them but Jerry Alderman and Mike Neville will gladly take them. Marsh Chief Executive Officer Michael Cherkaksy recently announced his firm’s intention to stop writing certain large and middle market accounts as part of its plan to …
Douglas McDonough Citizens and Hanover Insurance Companies have named Douglas H. McDonoughregional president of their emerging Mid-Atlantic region. In this role, he will manage all aspects of sales and distribution for the companies’ commercial and personal lines operations in Maryland, …
New York is one of the worst; New Jersey is also poor; Virginia remains among the best; Massachusetts and Maryland are looking better and better; Connecticut is holding steady, while Pennsylvania has some catching up to do. That’s a summary …
Workplace injuries don’t make headlines despite the fact they cost about $1 billion a week in wage and medical payments alone. The true total annual cost of on-the-job injuries is $146.6 billion, or $1,060 per worker, according to the National …
A new study raises questions about medical liability reform initiatives premised on the assumption that caps on awards for non-economic damages in medical malpractice cases will reduce total jury compensatory awards. The analysis of the efficacy of caps on non-economic …
Waco, Texas-based Home State Insurance Group Inc. announced the promotion of two executives. Jennifer D. Huddleston has assumed the position of president of Home State County Mutual Insurance Company. Since 1997, Huddleston has served as vice president and has been …
California-based Mercury Insurance Group announced it has increased its presence in San Antonio, Texas, by adding substantially to staff at its regional call center at 12961 Park Central Blvd. The facility opened in April 2004 with a staff of 54 …
The California Insurance Guarantee Association, an organization that pays the claims of insolvent insurance carriers, recently announced that Executive Director Lawrence Mulryan will retire after 13 years of service. Mulryan will continue to serve as executive director until June 30, …
Transparency will reportedly bring fundamental changes in how the industry operates, resulting in more open communication between the client, the broker and the underwriter. A change in the dynamics of the business also brings a change in expense ratios and …
