On the heels of the recently announced Palmer Insurance Agency acquisition, Northeast Bank Insurance Group, Inc., a wholly-owned subsidiary of Maine-based Northeast Bank, has acquired a second insurance agency in less than a week. Closing the deal on December 1, …
From sunglass stores to pet daycare, doctors’ offices to hair salons, The Hanover Insurance Group is adding 96 new classes to the its Avenues Business Owner’s Policy (BOP) in an effort to meet the needs of a growing number of …
Dr. Robert Hartwig, president-elect and chief economist for the Insurance Information Institute is scheduled to speak in January at a public policy forum hosted by Southwestern Insurance Information Service. SIIS announced that the forum would take place Jan. 18, 2007, …
Louisiana’s budget has been boosted by $1.6 billion, money lawmakers can spend in a special session scheduled to start Dec. 8. But the Senate president blocked attempts to enrich financial forecasts by another $827 million, complicating Gov. Kathleen Blanco’s plans …
Wal-Mart has settled a nearly $5.1 million class-action lawsuit brought by the estates of 73 former employees in Oklahoma. A federal judge in Tulsa gave final approval Dec. 4 to the settlement, which calls for about a third of the …
Insurers aren’t happy with new restrictions on coastal property underwriting being imposed by Connecticut Insurance Commissioner Susan Cogswell in a reversal of her previous policy and they warn that the rules could worsen the problem of insurance availability she is …
Louisiana Gov. Kathleen Blanco met with the state’s largest commercial insurer on Dec. 5, trying to convince executives to reverse an earlier decision to stop renewing policies in the New Orleans area next year. St. Paul Travelers officials sat through …
An insurance agent who had his license revoked was sentenced to two years in prison for defrauding clients out of $43,875. The judge handed down a 10-year prison sentence, of which eight years were suspended if Clifford Dammer, 47, repays …
Children’s jewelry containing lead should be banned in the U.S., said the staff of the Consumer Product Safety Commission. CPSC staff urged the commission this week to prohibit the manufacture, sale and importation of all toy jewelry containing more than …
Some Pennsylvania areas made a West Coast insurer’s list of the nation’s most secure places to live. The Scranton/Hazleton/Wilkes-Barre area ranked sixth and the Harrisburg/Carlisle region 18th on the list compiled by Los Angeles-based Farmers Insurance Group. The company based …
