April 19, 2010
AmWINS Group, Inc. and Colemont Insurance Brokers announced that the two companies will be combined to form a specialty insurance distributor placing more than $4.8 billion in annual premiums with more than 1,800 employees in 16 countries worldwide. Terms of …
April 19, 2010
Agency Salary Reveals Who’s Worth What, State of Stff Morals Independent agency salaries maintained or decreased slightly in 2009, but employee morale may be registering at an all time low. And agents don’t expect things to change, at least not …
April 19, 2010
The Hanover, Campania Group Massachusetts-based insurer The Hanover has completed its acquisition of Virginia-based Campania Group, which provides professional and general liability solutions for durable medical equipment suppliers and healthcare providers, including behavioral health specialists, eldercare providers, and podiatrists. Founded …
April 19, 2010
A California Department of Insurance examination has found that Mercury Insurance violated the state insurance statutes and as a result, the company may have illegally overcharged thousands of Californians for auto and homeowners insurance. “In addition, the Department’s examination finds …
April 19, 2010
13% The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts declined by 13 percent in 2009, continuing a downward trend in thefts. A total of 56,093 motorcycles were reported stolen to law enforcement in 2009, …
April 19, 2010
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Surgery Centers Market Detail: hci provides medical professional liability to surgery centers for claims arising …
April 19, 2010
A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to their homes as a result of the installation of substandard drywall from China. In an opinion published …
April 19, 2010
Financial stress is the No. 1 reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6 percent of arson offenses of …
April 19, 2010
$4.8 Million Salary paid to ex-CEO Ramani Ayer of The Hartford for his final 10 months as chairman and chief executive of the insurer last year, according to an Associated Press analysis. Liam McGee, who took over for Ayer at …
April 19, 2010
Hartford Financial Services Group Inc. will restructure itself under a plan to reignite growth in the small- and medium-sized business market. The announcement of the plan on April 2 came a day after the insurer repaid $3.4 billion of U.S. …