NSM Insurance, Insurex NSM Insurance Group, a national wholesaler and program manager based in Conshocken, Pa., has acquired Insurex, a California-based workers’ compensation brokerage. The acquisition “immediately expands our ability to provide new national workers’ compensation markets to our independent …
Agent of Change “Taking a bad agent out of the marketplace ensures consumers are protected from unscrupulous and fraudulent behavior.” —Connecticut Insurance Commissioner Thomas R. Sullivan, commenting on the case of an insurance agent who forged clients’ signatures and held …
Existing carriers complain that plan to give 3-year high risk exemption to newcomers creates uneven playing field The Patrick administration is pushing a rule that exempts new auto insurers in Massachusetts from having to accept costly high risk drivers for …
A subsidiary of Brown & Brown Inc. has acquired the assets of Nathan Stone Insurance Agency Inc. of Encino, Calif. Nathan Stone Insurance Agency Inc. d/b/a Stone, Harris & Stone, with annualized revenues of approximately $3 million, is a retail …
Legislators sent Gov. Kathleen Sebelius a health care bill that supporters say provides greater access to health care for many Kansans and saves them money on insurance. But Sebelius doesn’t think it goes far enough. The House passed the bill …
Larry Bloomenkranz has been named chief marketing officer for The Progressive Corporation in Cleveland, Ohio, The announcement was made by Paul-Lawrence Associates, an executive search firm. Bloomenkranz, who began his new position at Progressive on April 28, was previously the …
An explosion tore through a Mississippi paper mill May 3 after a boiler was inspected, killing a contract worker and injuring 17 others, the company said. The explosion occurred as workers started a boiler at the International Paper mill after …
A deal to bring commuter rail to central Florida failed to win approval from the Legislature on May 2 and isn’t expected to move ahead any time soon with federal dollars for the project likely to dry up. Under the …
The parents of a teenager killed when a dump truck crashed into a school bus on a curvy northern Kentucky highway filed a lawsuit. Daniel Wood’s parents are alleging negligence by the trucking company and the driver in the May …
Charlotte, N.C.-based AmWINS Group Inc. acquired Beacon Risk Strategies, a Seattle-based managing general underwriter of excess-loss benefits insurance. Terms of the transaction were not disclosed. Founded in 1999, Beacon Risk Strategies provides customized products and services to protect companies and …
