Insurance broker Brown & Brown, Inc. announced the initial implementation of an executive succession plan, which contemplates J. Powell Brown ultimately assuming the office of chief executive officer in July 2009, the date upon which Hyatt Brown has indicated that …
Net income for the fourth quarter of 2006 at The Hanover Insurance Group, Inc. fell to $45.5 million, or $0.88 per share, compared to $118.7 million, or $2.19 per share, in the fourth quarter of the prior year. Net income …
Driver’s education programs across Georgia are experiencing traffic jams of their own because of a new state law requiring 16-year-olds to undergo behind-the-wheel training before getting a license. The statute, which took effect Jan. 1, is known as Joshua’s Law …
A Virginia House of Delegates committee endorsed legislation Friday to significantly reduce the penalty for riding a motorcycle without a helmet. The Militia, Police and Public Safety Committee voted 9-4 to send Del. Watkins Abbitt’s bill to the House floor. …
Pennsylvania coal industry regulators have revoked the operating permit of a coal mine where a worker died in an explosion three months ago, alleging that a cover-up of a similar 2004 blast might have contributed to the man’s death. The …
More than half of the people working for the new state agency charged with providing health insurance for Massachusetts’ low-income residents make more than $100,000 a year — and six earn more than Gov. Deval Patrick. The Commonwealth Health Insurance …
Newark Calif.-based Risk Management Solutions has issued a study, which concludes that, a “repeat of the tide and wind-driven storm surge that caused the Bristol Channel floods of 1607 would result in the U.K.’s costliest natural disaster.” The study, which …
A.M. Best Co. has affirmed the financial strength rating of “A+” (Superior) and the issuer credit rating of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI) with a stable outlook. “The ratings reflect MSI’s improved risk-adjusted capitalization, consistent operating …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of the Philippine-based Malayan Insurance Company Inc. (MICO) with a stable outlook. “The ratings reflect the company’s well established market presence, …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on Norway-based marine insurer Assuranceforeningen Gard – gjensidig – (Gard P&I) and its Bermuda-based subsidiary Gard Marine & Energy Ltd. (Gard M&E) to “A+” …
