News

State Budget Deficits Could Harm the Insurance Industry

While 2009 was a tough year to do business, state and city leaders say 2010 and 2011 will be even tougher — the outcome of which could have negative implications for the insurance industry. A number of states are struggling …

Aon Consulting to Acquire J.P. Morgan Benefit Actuarial Services

Aon Consulting, the benefits consulting business of Aon Corp., has agreed to acquire J.P. Morgan Compensation and Benefit Strategies, a division of J.P. Morgan Retirement Plan Services, LLC. J.P. Morgan Compensation and Benefit Strategies provides compensation, retirement and health care …

Oregon Workplace Deaths at Record Low

Thirty-one people covered by the Oregon’s workers’ compensation system died on the job during 2009, the Department of Consumer and Business Services (DCBS) announced. That total brings the average number of workers who died on the job during the past …

Partying Teens Cause $200K Damage to New York House

New York police say dozens of partying teenagers caused more than $200,000 in damage at an unoccupied house in suburban Albany. Police in North Greenbush say the damage was done during a party on the night of Feb. 17, when …

Medicus Adds Network Security Endorsement for Healthcare Providers

Medicus Insurance Co. has created an endorsement that gives insureds coverage for unintentional network security, billing, regulatory and privacy violations. The new endorsement is called Medicus Advantage Gold. The Medicus Advantage Gold endorsement has been added to all Medicus policies …

Topa Joins Accident Fund in Michigan

Lansing, Michigan-based Accident Fund Insurance Company of America has named Joanne Topa as the new director of Enterprise Applications. She will be involved with content management, Web services and business relations throughout the organization. Topa brings 15 years of information …

Navigators Enhances Technology Professional Liability for IT Firms

The Navigators Group’s principal underwriting agency subsidiary, Navigators Management Co., Inc., has introduced its Convergence policy, which will provide enhanced professional liability coverage to IT consultants, software developers, business process outsourcing firms, and providers of web-based services and other technology …

Florida’s Market and How Surplus Lines Agents Are Faring

Hurricane Andrew, for all of the grief it delivered, gave wholesale broker Hull & Co. and Bruce Bowers a big opportunity. “Prior to ’92, there wasn’t much of a need for personal lines in the excess and surplus market, it …

Lawmaker: Connecticut Commissioner Should Be Elected Position

A Connecticut State Senator thinks things have become too chummy between the state’s insurers and the commissioner of the state’s insurance department. To fix it, he says he would like to make the commissioner’s office an elected position. Senator Edward …

Professional Insurance Agents Name Melancon Legislator of the Year

The National Association of Professional Insurance Agents (PIA) has named Louisiana Congressman Charlie Melancon its 2010 Legislator of the Year. The award was presented March 17 during the 2010 PIA Federal Legislative Summit. Melancon represents Louisiana’s 3rd Congressional District covering …

News Archives by Month