Donegal Group Inc. reported continued positive underwriting results and an increase in net income of 8.5 percent, bringing it to $9.1 million or $.36 per share, for the first quarter. That compared to $8,417,088, or $.34 per share on a …
New York independent insurance agents are not too happy that Zurich Financial Services has decided to implement nationwide the stricter of two agency compensation disclosure policies it signed as part of recent settlements with various states. According to the Independent …
Employees and management at Beacon Mutual Insurance Co. in Warwick, R.I. are attempting to maintain “business-as-usual” for policyholders and agents even as they cope with demands from auditors, political leaders, news reporters, and, now, a grand jury subpoena. An interim …
A Texas state jury found Merck & Co. liable for the death of a 71-year-old man who had a fatal heart attack within a month of taking its since-withdrawn painkiller Vioxx and ordered the company to pay $32 million (euro25.98 …
The Virginia Supreme Court ruled that the city of Chesapeake cannot recoup from its insurer $2.4 million in legal costs stemming from lawsuits over allegedly contaminated tap water. The court unanimously ruled that the city’s insurance policy excludes any coverage …
Gov. Arnold Schwarzenegger declared the sweeping workers’ compensation changes he pushed through the Legislature two years ago a “huge success,” but critics called them a disaster for injured workers. “Governor Schwarzenegger broke his promise to protect injured workers,” said Mark …
A pastor whose soldier son died in Iraq was charged with spending $250,000 in insurance money meant for the soldier’s young daughter. Prosecutors said Janie Lee Espinoza spent all the cash on cars, jewelry, a Florida time-share, church pews and …
Conseco, Inc., based in Carmel, Ind., announced that Daniel G. Walseth has been named executive vice president, general counsel and secretary of the company. “I am excited that Dan is joining our leadership team,” said Conseco’s president and CEO William …
The asset acquisition of NuQuest Resources Inc. and Bridge Pointe Inc. of Longwood, Fla. has been announced by J. Powell Brown, regional executive vice president of Brown & Brown Inc. with offices in Daytona Beach and Tampa, Fla. The announcement …
Willis Group Holdings has appointed Paul Gibbs as national partner to lead the Western Region of the United States encompassing Alaska, Arizona, California, Hawaii, Nevada, Oregon and Washington. He was previously regional partner for Willis’ Southern California operations. Gibbs is …
