Could the soft market finally be over? A new analysis concludes that insurance prices are rising and the prolonged soft market is ending, contrary to earlier reports from other analysts. Virginia-based SNL Financial says personal lines pricing is definitely hardening …
Norman-Spencer Agency of Dayton, Ohio, has named Brian Norman as president. The company also announced other appointments to its management team: Porus Austin is now chief operating officer; Pat Malone, in addition to his position of chief financial officer, is …
Western National Insurance Group (WNIG) of Edina, Minn., announced that Peter H. Corning has joined the group as senior vice president of Finance. Corning, a licensed Certified Public Accountant, formerly was vice president and chief financial officer of the Insurance …
The American Insurance Association (AIA) announced it testified in favor of legislation in Kansas — House Bill 2119 — that would prohibit municipalities from adopting accident response fees or “crash taxes.” AIA’s testimony was presented by Brad Smoot, AIA’s Kansas …
Nationwide Insurance Company announced it is lowering car insurance rates in Ohio 10 percent for new customers. The company is also offering savings on auto insurance rates for current customers who meet eligibility requirements. Hundreds of thousands of eligible Nationwide …
A general contractor can recover from its subcontractor’s insurers for the cost of repairs for damage to surrounding property resulting from the subcontractor’s faulty workmanship, the Georgia Supreme Court has held. The state’s highest court found that negligent construction is …
The federal government has granted Maine a waiver of a key provision in President Obama’s health care overhaul, citing the likelihood that enforcement could destabilize the state’s market for individual health insurance. The U.S. Health and Human Services department said …
Specialty insurer Aspen has established a surety unit that will focus on public and private commercial and non-construction surety. Michael Toppi, executive vice president of Aspen U.S. Insurance, will lead the unit. Mathew Raino, will serve as vice president of …
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. Dave Haney will serve as managing director …
XL Insurance has expanded its North America Programs team with the appointment of three executives including Quinnon (Pete) K. Purvis. Purvis joins as president for North America Programs, succeeding John Hartman who recently announced his retirement from XL Insurance. Mark …
