March 21, 2011
RCM&D, TRION Baltimore-based insurance broker RCM&D acquired the commercial property and casualty insurance division of Philadelphia-based TRION Inc. and has opened a Philadelphia regional office to serve clients throughout southeastern Pennsylvania, New Jersey and Delaware. In connection with the deal, …
March 21, 2011
Many Insurers, Inadequate Prices “The urgings of Wall Street, pressures from the agency force and brokers, or simply a refusal by a testosterone-driven CEO to accept shrinking volumes has led too many insurers to write business at inadequate prices. ‘The …
March 21, 2011
An Ohio man has been sentenced after an investigation by the Ohio Bureau of Workers’ Compensation (BWC) Special Investigations Department (SID) determined he owned and operated a business, Classic Home Restoration, in Sierra Vista, Ariz., while receiving temporary total disability …
March 21, 2011
The Griffith Insurance Education Foundation recently brought together industry, government and academic leaders — many from disaster-prone coastal states such as Florida Louisiana and Mississippi for a symposium at Ohio State University. By the end of symposium, which was titled …
March 21, 2011
Maritime General Agency Maritime General Agency combined three niche marine insurance underwriting facilities into Maritime Program Group: Maritime General Agency, Marine MGA and Windward Marine Underwriters. Maritime General Agency and Marine MGA were founded in the 1990s. Windward Marine Underwriters …
March 21, 2011
The Illinois House approved a resolution ordering an audit of Illinois’ workers’ compensation program. The Bellville News-Democrat reported that the House voted 111-0 for an audit of the program “as it applies to state employees.” Senate approval isn’t needed. The …
March 21, 2011
For many businesses, 2010 was a year of transition. Companies began to pick up the pieces of the economic downturn and were cautiously optimistic by bringing on temporary staff to help out rather than hire permanent employees. Experts say that’s …
March 21, 2011
Provider Insurance has appointed Lynn Cubano as personal lines account manager. She will be responsible for acquiring new clients and expanding existing accounts in the personal lines division of the Massachusetts-based agency’s office in Needham. The 16-year industry veteran previously …
March 21, 2011
Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, said the judge overseeing a New York attorney general lawsuit against him should be removed from the case because he is biased. In a court filing, Greenberg said that …
March 21, 2011
A bill that would make the Pennsylvania insurance commissioner an elected position has been introduced in the state’s House of Representatives. Legislation sponsored by Rep Neal Goodman, a Democrat from Mahanoy City, would change the insurance commissioner’s job from an …