Monthly Archives: <span>July 2011</span>

Kentucky Murder Plea

An attorney for Steve Nunn said the former state lawmaker has pleaded guilty to murdering his ex-fiance and has received a sentence of life without parole. Nunn entered the plea in Fayette Circuit Court in Lexington, according to his attorney, …

Business Moves

The Hanover, Chaucer Massachusetts-based The Hanover Insurance Group has completed its acquisition of Chaucer Holdings, a specialty Lloyd’s insurance group. The $474 million deal includes $13 million to be paid in loan notes to shareholders. “The combination of our companies …

Counties Join West Virginia Risk Pool

In the wake of a decision by a West Virginia workers’ compensation insurer to drop its program for government agencies, more counties are lining up to join a risk pool. County governments throughout the state are joining the West Virginia …

Small Earthquake Felt in Eastern Maine

A small earthquake across Maine’s Blue Hill peninsula prompted a handful of calls to law enforcement officials, but no damages were reported. According to the Weston Observatory at Boston College, the magnitude 2.3 quake happened at 5:23 a.m. on July …

Floods and Flood Insurance

While South Central states suffer from drought, the Midwest is paddling upstream against too much water and the flooding has once again put the spotlight on the National Flood Insurance Program with all its faults and foibles. One Michigan lawmaker …

Top Buyers Remain Interested in Acquiring Agencies: Consultant

There will be a strong ongoing interest in acquisitions of independent agencies and brokerages through 2012, according to the channel’s most prolific buyers whose views are highlighted in a new report. Reagan Consulting’s report features perspectives of seven of the …

Think Beyond Technology

Here’s a bedtime story I tell my little ones. Back in the dark ages when I went to college, there was no Internet. Cell phones, for the few who had them, were called car phones since they were installed in …

State Auto Drops R.I., Limits Coverage in Massachusetts

Ohio-based State Auto Insurance Cos. said it will cease writing coverage in Rhode Island and write only certain lines of business in Massachusetts. State Auto will continue to write business and farm insurance in Massachusetts, but will not renew any …

Guidelines to Limit an Agency’s Risks in Social Media

Social media has become a powerful way for members of the insurance community to communicate with clients, prospects, referral sources, underwriters and colleagues. However, improper usage can result in serious consequences. At our property/casualty insurance agency, we have sought to …

Hurricanes Could Alter Insurance Markets

Reacting to the recent spate of major natural catastrophes, insurers are being more selective in the capital they deploy and have in some cases withdrawn from catastrophe affected regions and loss-making sectors of business, according to broker Marsh. Also, the …