The medical professional liability industry is profitable despite premium increases, according to Charlottesville, Va.-based SNL Financial. That industry experienced a profitable year in underwriting, demonstrated by a combined ratio of 82.6 percent in 2009. However, the industry continued to endure …
Florida-based Brown & Brown Inc. has acquired four retail insurance agencies in central and southeastern Connecticut with combined revenues of $7.2 million. The acquired agencies are McCutcheon Burr & Sons, of Middletown, The Gardner-Kirby Corp., of Meriden, Hedden Insurance, of …
January deal activity started out strong but continued to decline in February and further in March. Nonetheless, first quarter merger and acquisition (M&A) activity bested last year’s first quarter performance with 54 deals compared to 51. Despite the decline in …
Craig A. Payan has been elected to serve as chairman of the board of directors for Itasca, Ill.-based Associated Risk Managers International Inc. Payan is president of PA&T Insurance and Financial Services, an independent insurance agency located in Orland Park, …
The Kansas Legislature’s 2010 session has been a successful one for property/casualty insurers, according to the insurer trade group, the American Insurance Association (AIA). Among the issues that had concerned P/C insurers were proposals to limit or eliminate the insurer …
The chorus urging Florida Gov. Charlie Crist to sign an omnibus property insurance measure passed by the Legislature is growing. One of the state’s leading consumer advocates, Walter Dartland, of the Consumer Federation of the Southeast, has joined Insurance Commissioner …
Ronald Polkey, a sun-weathered shrimp boat captain from the Louisiana resort and fishing hub of Grand Isle, La., should be out on the water working his nets to bring in a day’s catch. But with most of the region’s shrimping …
Transocean Ltd, owner of the Deepwater Horizon rig that exploded and sank last month killing 11 people, wants to limit its liability for the accident to about $27 million, according to a U.S. court filing Thursday. With analysts anticipating many …
Crude from the massive Gulf of Mexico oil spill could eventually slosh ashore on Miami Beach or North Carolina’s barrier islands, if it connects with a powerful sea current, an oceanographer said Tuesday. Robert Weisberg, a physical oceanographer at the …
The five-category system that describes a hurricane’s strength and the havoc its winds could bring to the U.S. has been updated for the 2010 storm season. Gone from the Saffir-Simpson Hurricane Wind Scale are estimates for storm surge and inland …
