From amateur sports to water parks, ski resorts to tractor pulls, fun is big insurance business in America The leisure industry is big business, and insuring the wide variety of sports and entertainment activities and venues is an equally large …
$105.3 million The amount being paid by Prudential Financial Inc. over 20 years for the naming rights to the new arena for the NHL’s New Jersey Devils’ hockey team. The $375 million downtown venue is already under construction nearly across …
Rules suspension “The governor wants the opportunity to take a look not just at this initiative, but at the entire automobile insurance system in Massachusetts. Next week the governor will be putting together a study group to investigate this issue …
New York officials announced that the Interboro Mutual Indemnity Insurance Co. is on track to emerge in early 2007 from three years of insolvency and subsequent rehabilitation and return to the marketplace as a private sector company. Interboro was placed …
A judge has ordered the Roman Catholic Diocese of Springfield, Mass. to release thousands of pages of documents in a dispute between the church and seven of its insurance carriers over settlements with clergy sex abuse victims. The diocese sued …
An insurance company for the Roman Catholic Diocese of Burlington, Vermont wants to investigate the church’s conduct in 27 cases of alleged child sex abuse by a former priest before paying the costs of litigation associated with them. The state’s …
The Independent Agents Association of Delaware (IIAD) and the Insurance Agents & Brokers of Delaware (IA&B of DE) have agreed to merge their memberships. “Our members have clearly told us that they want a single organization to represent their interests …
Lloyd’s of London announced that Julian James, its director-worldwide markets, will be leaving at the end of April to join Lockton International. James has been responsible for all Lloyd’s commercial activities outside the UK, including the management of its 72 …
The Professional Liability Underwriting Society (PLUS) held its international conference in Chicago in late 2006. Moderating the panel was television journalist Forrest Sawyer, a 24-year veteran of ABC, CBS and MSNBC, who targeted his questions to insurance leaders and the …
There is a new political dynamic in Congress that presents both opportunities and pitfalls. Last year, the President signed into law pension and health care reform that will greatly benefit insurance consumers. House passage of a surplus lines bill illustrated …
