January 13, 2008
Arthur J. Gallagher, Koster Insurance Insurance broker Arthur J. Gallagher & Co. has acquired Koster Insurance Agency Inc. of Quincy, Mass. Terms of the transaction were not disclosed. Koster Insurance Agency Inc. specializes in student health, sports accident and special …
January 13, 2008
A federal appeals court has reduced the damages awarded to a Virginia woman in an identity-theft suit against Equifax Information Services. The U.S. Court of Appeals for the 4th Circuit reduced the mental anguish award to Suzanne Sloane, of Nokesville. …
January 13, 2008
Connecticut’s insurance commissioner is a ‘small government kind of guy’ with big company kind of experience Thomas Sullivan has switched sides — sort of. Before being named Connecticut’s insurance commissioner last year, Sullivan spent years as an insurance industry executive, …
January 13, 2008
Surprising Amount “We are both surprised and disappointed by the amount of the fine.” —Michelle Levy, Spokesperson for Foremost, reacting to a $230,000, near-record fine levied against the company by the state of Connecticut. The fine came after regulators found …
January 13, 2008
Massachusetts independent agents are facing a challenge to hang onto their whopping 86 percent market share in personal lines as the state embarks upon a new competitive auto insurance system that will bring some of the predictive analytics that agents …
January 13, 2008
As the presidential race heats up, so could the discussions around the office water cooler and cubicles. Responsibility for keeping workplace discussions civil falls on the shoulders of employees themselves. P.M. Forni, director of the Civility Initiative at The Johns …
January 13, 2008
American Modern Insurance Group, a specialty auto insurer with about $17.5 million in annual premium, topped the list of New York’s least complained about personal auto insurers for 2006, according to new rankings released by the state’s Insurance Department. The …
January 13, 2008
The new year saw two reminders that the controversies over alleged bid-rigging, account steering and contingent commissions that began back in 2004 are not over. On Jan. 2, The Travelers Cos. Inc. said it had agreed to pay $6 million …
January 13, 2008
Giant insurance broker Marsh announced changes to its global organizational structure as well as several senior management appointments. Marsh said its global insurance broking business will be consolidated into two geographic divisions: U.S./Canada and International. As part of this combination, …
January 13, 2008
$6 Million Amount of settlement reached between the family of a Massachusetts woman killed in a 2006 tunnel collapse inside Boston’s Big Dig, and Powers Fasteners Inc., the Brewster, N.Y., epoxy maker blamed for supplying the faulty glue used to …