In a filing of financial results for the second quarter 2009, Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. reported that amended settlement agreements with the Illinois Attorney General and the Illinois Department of Insurance will allow it to …
Medical costs for workers’ compensation claims in Florida grew between 5 and 7 percent in 2005 and 2006, according to a new study by the Workers Compensation Research Institute (WCRI). The growth rate of followed a period of stabilization in …
Bankruptcy. It’s a word agents and brokers will need to get used to hearing from their business clients. It’s not just occurring on Wall Street; it’s happening every day on Main Streets across the country and in industries as broad …
The owner of the property where a New Hampshire man was murdered is at odds with his insurance company over a wrongful death lawsuit from the man’s family. Michael Connors owned the Deerfield horse farm where Jack Reid of Derry …
States would be required to ban driving while texting or face the loss of highway funds under legislation being pushed by a group of Democratic senators. Aimed at reducing driver distraction and highway deaths and injuries, the proposal follows a …
Legislative Democrats in Connecticut say the Department of Motor Vehicles should be eliminated and its functions and staff redistributed to other state agencies to help streamline state government. The proposal is part of a draft plan for reorganizing state government …
Bermuda-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $271.2 million or $4.32 per diluted common share in the second quarter, compared to net income available to common shareholders of $135.7 million or $2.13 per diluted common …
Bermuda-based Montpelier Re Holdings Ltd. reported net income and comprehensive income of $159 million ($1.81 per share) and $163 million ($1.85 per share), respectively, for the quarter ended June 30, 2009, compared to $44.1 and $44.2 million respectively for the …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) announced that it is “assisting the Alliance of Small Island States (AOSIS) climate change negotiating team in finalizing the AOSIS position leading up to the Copenhagen United Nations Climate Change Conference in December. …
According to a new report from Lloyd’s of London “business leaders feel comfortable managing internal risks, such as reputation and corporate liability, but are less confident about external risks, such as currency fluctuation and cancelled orders.” The report, Risk priorities …
