Remember the good old days when customers knew their bankers and property owners knew who held their mortgages and the economy did just fine? Remember the good old days when banks were in banking and insurance companies were in insurance …
The Professional Insurance Agents of Connecticut Inc. (PIACT) elected new officers. They are: President James Goodman, who is president of Goodman Insurance Inc. in Shelton; President-elect Howard Olderman, who is president of The Olderman and Hallihan Agency Inc. in Ansonia; …
$930,000 Total amount of fines and restitution paid by Boston-based Liberty Mutual Insurance Cos. after a market conduct exam by the Connecticut Insurance Department. The report found five Liberty Mutual subsidiaries had overcharged more than 3,600 auto insurance customers, settled …
Global warming should lift sea levels along the U.S. Northeast nearly twice as fast as global rates this century, putting New York City at risk to damage from hurricanes and winter storm surges, scientists said. “The northeast coast of the …
AIG American International Group (AIG) has taken down the most prominent sign at its downtown Manhattan offices. According to a Reuters report, the company replaced the large AIG sign — outside the entrance to its property/casualty offices — as part …
Agents Advised to Know How Trusts Differ From Typical Insurance Companies To start off, what exactly is a workers’ compensation group trust? Per the New York State Insurance Department Web site, it is: “[A] group of employers who perform related …
The economic and financial downturn will have a mixed impact on the workers’ compensation insurance market, say industry analysts. Harry Shuford, chief economist for the National Council on Compensation Insurance (NCCI), says recessions tend to place downward pressure on workers …
The Texas Forest Services says 24 firefighters have been treated for smoke inhalation from fighting Texas wildflires, near the Panhandle town of Wheeler, where four homes have been lost and an estimated 20 homes damaged in an 11,000-acre fire. Texas …
Marsh & McLennan Cos. paid out more than $33 million in compensation to its two chief executives that oversaw the company in 2008, according to an Associated Press calculation of figures disclosed in a regulatory filing last Thursday. Michael G. …
Standard & Poor’s Ratings Services has affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V. (FCI). S&P has also removed these ratings from CreditWatch with developing implications, where they were placed …
