State lawmakers want to learn more about how the insurance industry responded to the two recent storms to hit Connecticut — the remnants of Hurricane Irene and the October nor’easter. The legislature’s Insurance and Real Estate Committee has scheduled an …
New York courts specializing in the state’s 4,000 medical malpractice cases filed each year have begun expanding following the success of a Bronx judge in settling cases early. The approach, shown to cut court backlogs and save money, has been …
Tower Group reported a net loss of $16.4 million attributable to common shareholders in the third quarter. In contrast, the insurer had $28.6 million net income one year ago. Like many other insurers this past quarter, Tower Group saw big …
BDO Consulting, a professional services provider, appointed Clark Schweers as managing director and head of its insurance claim services practice. Based in Washington, D.C., Schweers will advise clients on complex property and business interruption claims for insured businesses. Prior to …
CRC Insurance Services, a wholesale broker headquartered in Birmingham, Ala., hired Kenneth Echols as a casualty broker for the Parsippany, N.J., office. In his new role, Kenneth will focus on helping retail insurance agents in the New York and New …
Selective Insurance Group in Branchville, N.J., announced two promotions in its Selective Insurance Company of America subsidiary. Dana Shutters is promoted to vice president, operational excellence. He joined Selective in Nov. 2010 as assistant vice president of quality assurance. Prior …
Business owners and experts say the lengthy power outages caused by the freak October snowstorm have taken a toll on many companies and the losses are only beginning to be tallied. Angela Campetti runs a small house-cleaning business in Simsbury, …
Markel Corporation reported $54.7 million for its third-quarter net income, down 13.4 percent from one year ago when the specialty insurer posted $63.2 million. The insurer’s result was hurt by increased catastrophe losses. The company was also adversely affected by …
Alleghany Corp. reported $19.2 million in third-quarter net earnings, down 48 percent from one year ago when the company had $36.6 million in earnings. The company’s result reflects the decrease in pre-tax net earnings at Alleghany Insurance Holdings LLC (AIHL), …
Erie Indemnity, the managing company for Erie Insurance Group’s reciprocal insurance company, reported $47 million third-quarter profit. Profit is down 13 percent compared to one year ago. The third-quarter 2010 net income result included $7 million related to the operations …
