Wholesale Trading Co-Op LLC has announced that Kris Bauer has joined the firm as chief operating officer, and Sean Burke has joined as diretor. Buer joins from the San Francisco office of AmWins Group Inc. where he was an executive …
Standard & Poor’s Ratings Services has removed its long-term counterparty credit and insurer financial strength ratings on U.K.-based non-life insurer AXA Insurance U.K. PLC (AXAI) from CreditWatch with negative implications and affirmed them at ‘AA-‘. The outlook is stable. S&P …
In what’s being called “a major victory for insurance agents and brokers,” the California Department of Insurance has notified the California Office of Administrative Law of its intention to repeal certain portions of its privacy regulations. The CDI notified OAL …
New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of wholesaler Gremesco remain in business …
Some 224 independent insurance agencies from across the country have been selected for the for the Independent Insurance Agents & Brokers of America’s (the Big “I”) 2010 Best Practices Study. Once every three years, the nation’s largest agent association asks …
Allstate Insurance alleges that Mississippi’s insurance chief ignored an internal actuarial report that justifies the insurer’s request for a 44 percent rate increase when he denied the bid. But Insurance Commissioner Mike Chaney says that he reviewed not just one …
The Hartford has agreed to a $72.5 million class-action settlement ending a dispute over structured settlements in personal injury and worker’ compensation cases. David Golub, one of the lawyers, says the settlement approved in U.S. District Court in Bridgeport covers …
Senate members of the legislative rules committee have objected to rule changes for the malpractice insurance fund proposed by the New Hampshire insurance commissioner. The joint legislative committee on Friday raised concerns about the amount of control the commissioner would …
A 73-year-old Bradenton, Fla.-area man who crashed his motorized scooter after too many drinks is suing the bar that served him. The Bradenton Herald reported John Wasko of Manatee filed a lawsuit last week against The Oasis, saying the bar …
Workers’ compensation wholesaler PMC Insurance Group has named Bob Jones vice president. He will share responsibilities for expanding PMC’s agency management plan and revenue growth in New York, New Jersey and Connecticut. Jones is a 30-year industry veteran, mostly on …
