Monthly Archives: <span>November 2010</span>

The Hartford Boosts Profits in Q3

The Hartford Financial Services Group, Inc. reported third quarter 2010 net income of $666 million. This compares to the company’s third quarter 2009 net loss of $220 million. The Hartford reported core earnings for the third quarter of 2010 were …

Illinois Governor’s Race Too Close to Call

Illinois still doesn’t know who the next governor will be. The contenders, incumbent Gov. Pat Quinn, a Democrat, and Republican state Sen. Bill Brady of Bloomington, are running neck-and-neck, each with a little more 46 percent of the votes, according …

Travelers Enhances Identity Fraud Protection Coverage

Travelers has updated its Identity Fraud product to offer more protection against the most frequent problems identity fraud victims experience. The insurance product upgrades come at a time when the number of identity fraud incidents is on the rise with …

North Carolina Court Rejects Counties’ Challenge to 2008 Homeowners Rates

Municipalities do not have standing to challenge decisions on insurance rates issued by the state insurance department, a North Carolina Court of Appeals has ruled. Twelve North Carolina counties, led by dare County, along with 10 towns and two private …

The Hanover Expands Technology Capabilities to 125 Classes

The Hanover Insurance Group, Inc. has expanded its technology capabilities, adding a suite of solutions for over 125 classes of technology businesses. The new coverages build on the company’s small commercial technology insurance offering, and include a customized commercial package …

Iowa to Spend $10M on Flood Mitigation

Iowa officials say they’ll use about $10 million in federal grant money on projects that they say will manage runoff and mitigate future flood damage. Iowa received an $84.1 million grant from the U.S. Department of Housing and Urban Development …

Ratings Recap: Chartis U.S Subs; Landcar, Prism, Pacific Pioneer

A.M. Best Co. has withdrawn the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings of “a” and assigned an NR-5 (Not Formally Followed) to the FSRs and “nr” to the ICRs of Louisiana-based Audubon Insurance Company and …

Doak Wins Oklahoma Insurance Commissioner Race

Oklahoma will have a new insurance commissioner next year, as insurance agent John Doak joined the Republican sweep in the Nov. 2 midterm elections to defeat current Commissioner Kim Holland. Unofficial results from the Oklahoma State Election Board show Doak …

White House to Business: Why Can’t We Be Friends?

It seemed like the beginning of a beautiful friendship — or at the very least a functional relationship. In March 2009, with the United States on the brink of recession and the stock market at 12-year lows, President Barack Obama …

Worker Killed by Concrete Slab Collapse in Connecticut

A town official in Greenwich, Connecticut says a man has died after a concrete slab collapsed on him, killing him instantly as he worked in a trench. Medics and police and fire officials responded at about 3 p.m. Monday to …