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. …
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 …
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 …
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 …
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 …
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 …
State Sen. Ralph Hudgens garnered about 21 percent of the vote while Atlanta attorney Maria Sheffield grabbed about 20 percent, setting the stage for an Aug. 20 runoff in the Republican race for Georgia insurance commissioner. Georgia requires a candidate …
Oklahoma Department of Public Safety officials report a decrease in traffic fatalities for the month of June 2010. Fatalities in June totaled 55 compared to 83 in the same month last year. Eight motorcyclists and seven pedestrians died in crashes …
A federal judge has approved a $550 million settlement between Goldman Sachs and the U.S. Securities and Exchange Commission related to civil fraud allegations in a subprime mortgage product. U.S. District Court Judge Barbara Jones said she and the Southern …
Volunteer firefighters in West Virginia are threatening to stop answering calls if the Legislature doesn’t exempt their supervisors from liability for injuries to firefighters. The West Virginia State Fireman’s Association says insurers are declining to provide broad form liability insurance …
