For the first time in many years the first quarter 2010 results of reinsurers will be worse than the results of their primary insurance company clients thanks in part to unprecedented catastrophe losses. Some $16 billion in losses due to …
John Yurconic Agency Insurance agency has signed a 10-year lease extension for its office inside the 25th Street Shopping Center in Easton, Pennsylvania. The agency relocated to the western side of the shopping center, adjacent to the State Drivers License …
A key legislative committee has advanced a bill that would make Connecticut’s drunken boating law conform with state drunken driving legislation. The Joint Judiciary Committee passed a bill Monday that eliminates the two-hour limit for testing a suspected drunken boater. …
One of the major bills of interest to the surplus lines industry in Louisiana during the current legilative session would clarify the exemption from rate and form filing for providers of excess and surplus insurance in that state. The session …
The Ohio Bureau of Workers’ Compensation (BWC) reports there was a 13 percent decrease in collections by the organization from Jan. 1 through Mar. 16, which was attributed primarily to the average 12-percent rate decrease in private employer premium rates …
Authorities are investigating a partial collapse at a construction site in Brooklyn where four workers were injured, one seriously. The Fire Department of New York and the Buildings Department were investigating the collapse Monday at a building under construction on …
State Farm Fire and Casualty Co. has filed an average 9.9 percent rate increase request for homeowners coverage in Louisiana, according to the Associated Press. State Farm is Louisiana’s largest home insurer with just over 300,000 policyholders. In February, Insurance …
New York-based Utica Mutual Insurance Co. will acquire Founders Insurance Co. of Des Plains, Ill. for an undisclosed sum. Founders has annual premium of approximately $115 million in 47 states and the District of Columbia. Founders employs 200 people, mostly …
Haiti is a place where Willis Group Holdings plc, the global insurance broker, does little or no business. Among its 17,000 employees worldwide, the firm says only one was known to come from Haiti. But still, the company’s employees responded …
U.S Transportation Secretary Ray LaHood has proposed a federal rule that would to specifically prohibit texting by interstate commercial truck and bus drivers. The proposed rule would make permanent an interim ban announced in January 2010 that applied existing safety …
