First Mercury, Valiant First Mercury Financial Corp., based in Southfield, Mich., reported that its principal insurance subsidiary, First Mercury Insurance Co., is acquiring Valiant Insurance Group Inc., a subsidiary of Ariel Holdings Ltd. The purchase price for Valiant, an amount …
The federal government has approved a grant of nearly $1.4 million for the state of Connecticut to buy and then demolish five flood-prone properties in East Haven. Demolishing the properties is intended to reduce or eliminate the long-term risk of …
An insurance company must defend a homeowner who was sued after a woman overdosed on drugs at a house party he held, the New Jersey Supreme Court has ruled. The ruling by Justice Helen E. Hoens reversed an appeals court …
Surplus lines taxes in New Hampshire have gone up 50 percent, as a law change passed earlier this year went into effect this month. The tax rate now stands at 3 percent of premiums, up from 2 percent. Originally, lawmakers …
New York Superintendent of Insurance James J. Wrynn said his agency will hold a public hearing next month to explore the possibility of increasing insurance capacity in New York by easing access to non-standard market insurers. The New York State …
Big Larceny “This is theft on a grand scale, targeting an assortment of institutions throughout the region.” —Pennsylvania Attorney General Tom Corbett, commenting on the arrest of Brian James Murray, CEO of the bankrupt Murray Insurance Agency, who authorities say …
New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form of insurance fraud under state law. Under …
$25 Million Amount sought in a wrongful death lawsuit that has been filed in connection with a 2008 shooting rampage in Virginia that left one man dead and two other people injured. The lawsuit was filed earlier this month in …
First Mercury, Valiant Michigan-based First Mercury Insurance Co. is acquiring New York-based Valiant Insurance Group Inc. in a transaction valued at approximately $55 million. The transaction is expected to close in the fourth quarter. Valiant’s existing classes of business to …
Technology – cell phones and texting technologies to be precise – gets a bad rap when it comes to safety while driving. Of course, it’s not the technology that’s unsafe – it’s people. Thus a number of states and the …
