Florida-based insurance broker Brown & Brown, Inc. is acquiring Grinspec, Inc., an insurance intermediary with offices in New Providence and Moorestown, New Jersey. Brown & Brown, Inc. said it will acquire all of the outstanding capital stock of Grinspec, Inc. …
As they prepare to converge on Washington, D.C. to meet with federal legislators, insurance agents are targeting a recent U.S. Chamber of Commerce endorsement of federal insurance regulation for criticism. The National Association of Professional Insurance Agents (PIA) has asked …
Leon County (Florida) Circuit Court Judge Terry P. Lewis ordered Maitland-based Vanguard Fire & Casualty Company into liquidation, effective today to ensure policyholder claims continue to be paid. The Department of Financial Services was named receiver in January for purposes …
Tangram Insurance Services, a leader in self-insurance and alternative risk program management services, has announced the appointment of Tom Holloway as a consultant in its Chesterfield, Mo. office. Holloway will be charged with new business development and overall management of …
The majority of medical malpractice claims in a study of seven states were closed without any compensation paid to those claiming a medical injury, the Justice Department’s Bureau of Justice Statistics (BJS) reported. BJS conducted a study of medical malpractice …
The Missouri Hospital Plan (MHP), a provider of primary medical professional liability insurance coverage for not-for-profit hospitals, has declared a $10 million dividend payable to its hospital members on July 1, 2007. This dividend is the largest in the history …
A powerful earthquake struck Japan on Sunday, killing at least one person and injuring 170 others as it damaged buildings and triggered a small tsunami along the coast, officials said. The magnitude-6.9 quake struck at 9:42 a.m. (0042 GMT) off …
A study from Marsh’s London office finds that “UK companies increasingly are considering captive formation, driven by a desire to implement sophisticated risk management regimes and address the total cost of risk.” Marsh’s report indicates that “many companies are enjoying …
AXA SA, France’s largest insurer, said Friday it agreed to buy half of Banca Monte dei Paschi di Siena SpA’s insurance and pensions unit for €1.15 billion ($1.54 billion) in cash. The transaction will be funded with existing cash resources, …
Bermuda’s Allied World Assurance Company Holdings, Ltd. announced that G. William Davis, Executive VP – Worldwide Treaty and Facultative Reinsurance, is retiring from the company effective March 31, 2007. He first joined Allied World in 2002 and was primarily responsible …
