Colemont Insurance Brokers recently announced that Lori Heath has been promoted to the position of broker in the company’s Chicago office. “As a broker, Lori will be able to serve our agents more completely,” says David Stevoff, Colemont’s chief operating …
The Oregon Supreme Court for a third time has allowed a $79.5 million punitive-damages judgment against Philip Morris, an award twice struck down by the U.S. Supreme Court, which suggested it was excessive. The award was for the family of …
Hub International Limited announced today that it has acquired Scheer’s, Inc. one of the largest privately-owned retail insurance brokerages in the United States specializing in surety bonds. Scheer’s, headquartered in the Chicago suburb of Westmont, will become a new regional …
Massachusetts Insurance Commissioner Nonnie Burnes has upheld the 2008 auto insurance rate filings of Arbella Mutal, which proposed an overall rate decrease of 7.7 percent, and Premier (Travelers), which filed for an average 6.3 percent decrease. She rejected Attorney General …
BancorpSouth Insurance Services, Inc., a subsidiary of BancorpSouth Bank, headquartered in Tupelo, Miss., has agreed to acquire the Nacogdoches, Texas — based JMG/IC Insurance Agency, Inc. The effective date of the transaction will be Jan. 1, 2008. Financial terms of …
Giant insurance broker Brown & Brown has acquired MEW Custom Staffing, L.L.C., a Tampa, Fla. human resource and outsourcing firm that does business as Custom Outsourcing. C. Roy Bridges, regional executive vice president of Brown & Brown, Inc. and Beth …
A government safety agency is pushing to require all home furnishings sold in the U.S. to be nonflammable. The Consumer Product Safety Commission advanced a proposal Friday that would require consumer upholstered furniture to be smolder- and flame-resistant, which is …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of The New India Assurance Company Limited, and has revised its outlook on the ratings to stable from negative. Best …
A Montgomery County jury has awarded $350,000 to a woman involved in a crash that killed a bicyclist during a triathlon in 2000. Sharon Knight had sued the town of Blacksburg and Beverly Biancur, the director of the third annual …
Research and Markets has added a report on Allianz UK Personal General Insurance Competitor Profile 2006 to their offering. This profile contains an overview of Allianz’s personal general insurance business in the UK, focusing on product and distribution strategy in …
