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Penny Named Regional President at Brown & Brown

Brown & Brown Inc. has promoted J. Scott Penny to the position of regional president. Penny, who has served as a regional executive vice president since 2002, is responsible for oversight of retail profit center operations of Brown & Brown …

Business Groups Press Emerging Economies over Doha

Brazil, China and India must use their growing economic might to help revive deadlocked global trade talks, a coalition of business lobby groups said in a letter to U.S. and European Union trade negotiators. The letter, sent on Wednesday, is …

Hate Crimes in California Drop 20%

Hate crimes in California fell by more than 20 percent last year, according to a new report released by California Attorney General Edmund G. Brown Jr.’s office. “Hate Crime in California 2009” showed that hate crime events dropped 21.3 percent …

Donegal Ratings ‘Unchanged;’ Michigan under Review Negative Says Best

A.M. Best Co. has issued two bulletins following the announcement that the Donegal Group has entered into an agreement to acquire all of the outstanding stock of Michigan Insurance Co., a majority-owned stock subsidiary of West Bend Mutual Insurance Co. …

Morgan Promoted at CMIC

CMIC, a Connecticut-based medical professional liability insurer, has promoted Michael F. Morgan to vice president of Business Development. Morgan’s responsibilities include the development and promotion of professional liability solutions for health care professionals and hospitals throughout New England. He joined …

Vermont Sees Growth in Number of Captive Insurers

Seventeen new captive insurers formed in Vermont through the first half of the year, a rate that puts the state on pace to have one of the best years in its history in terms of new captives. Last year the …

Obama Opposes Adding Wind Coverage to Federal Flood Insurance

The Obama Administration is again opposing a move to add wind insurance to the federal flood insurance program, as has been pushed by Rep. Gene Taylor, D.-Miss. A statement from the Office of Management and Budget says Taylor’s bill, HR …

Jury Convicts South Carolina Workers’ Compensation Consultant

After a two day trial, a South Carolina workers’ compensation consultant and former state representative has been found guilty of mail fraud for fabricating payroll figures in order to obtain lower premiums for a client, according to officials. U.S. Attorney …

Builder Agent Network Offers Package Policy for Texas Home Builders

The Builder Agent Network (BAN) is expanding it offerings for Texas home builders and general contractors to include a new package policy for home builders. BAN is a managing general agent for several insurance companies and works through a network …

Oklahoma Insurance Chief Challenges Medicaid Tax

Oklahoma Insurance Commissioner Kim Holland has asked the Oklahoma Supreme Court to strike down a new state law designed to raise revenue for the state’s Medicaid program. The law imposes a fee on health insurance carriers. Holland filed a petition …

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