July 23, 2012
A statewide joint task force in the fight against California’s underground economy has netted contractors allegedly operating illegally, resulting in 104 enforcement actions, California Insurance Commissioner Dave Jones announced. Detectives from the California Department of Insurance (CDI), the Contractors State …
July 23, 2012
In this issue starting on page 22, several Southeast-based brokers talk about how dramatically the benefits brokerage market is changing and what they are doing to capitalize on it and grow with it. The benefits market is clearly being driven …
July 23, 2012
Pro Insurance Group, Falvay-Counihan Insurance Pro Insurance Group, a Troy, Mich.-based independent insurance agency, announced the acquisition of Falvay-Counihan Insurance Inc., of Bloomfield Hills, Mich. InPro gains Falvay-Counihan’s book of property and casualty insurance business, as well as its team …
July 23, 2012
Allied World U.S. Switzerland-headquartered Allied World Assurance Company Holdings AG has expanded its U.S. casualty operations with the launch of a new construction casualty division. The new division will be run from Allied’s New York office. New lines of business …
July 23, 2012
Grass and freshly planted trees are sprouting in a new town park that sits atop the site of a vermiculite plant that once spewed asbestos dust across the mountain community of Libby — a welcome dose of normalcy for a …
July 23, 2012
The excess and surplus lines market has been around a long time. It has served the insurance marketplace well, providing specialty coverage and writing tough-to-place risks. While activity in the E&S market is traditionally strong, as the market shows some …
July 23, 2012
A deputy sheriff is not entitled to workers’ compensation benefits for his mental distress that followed his shooting of a suspect in the course of his job, the South Carolina Supreme Court has ruled. The court said using deadly force …
July 23, 2012
A record-high 3.31 million residential and commercial policies were offered through state-run property insurers of last resort in the United States in 2011, a 17 percent rise over the previous record of 2.84 million in 2010. More than half of …
July 23, 2012
San Jose, Calif.-based Thoits Insurance Services named Michael Solomon vice president in the benefits division. He will be responsible for client growth, relationship development and servicing his current clients. Solomon began his insurance career in 1998 as an account manager …
July 23, 2012
The Michigan Office of Financial and Insurance Regulation (OFIR) reported that consumer complaints against insurance companies dropped slightly in 2011, compared with 2010. Consumer complaint statistics for insurance companies doing business in Michigan include complaints filed against carriers writing accident …