Brown & Brown Inc. will acquire New Jersey-based Excel Underwriters Alliance Inc. and Spirit Underwriters Inc., the Florid-based brokerage announced. Terms of the transaction were not disclosed. Excel and Spirit offer professional liability, directors and officers (D&O) liability, employment practices …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of American Physicians Group and its primary member, American Physicians Assurance Corporation, the lead subsidiary of American Physicians Capital Inc. …
A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients. Ruling in favor of Bank of America Corp.’s Merrill …
As the U.S. Congress once again rallies to pass healthcare reform legislation, momentum is growing in many states to pass laws to block the changes — a move that could lead to a legal battle over states’ sovereignty. Bills and …
“The heightened environmental liabilities created by recent European Union (EU) and UK environmental legislation were among the top risk management concerns raised by delegates at this week’s Base conference in London,” according to Marsh. The presentations focused on environmental risk …
Insurance producers should be leery of managers who push them to “find the gray areas to increase the corporate bottom line,” John Borbi warned them recently. Borbi should know. A former financial advisor and investment specialist, he went from being …
A federal lawsuit filed Wednesday in South Carolina accuses eye clinics across the country of performing surgeries on patients with pre-existing conditions that should have excluded them as candidates, causing those patients to suffer post-operative problems. Practitioners in 30 TLC …
Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier financial services firms. Leading p/c …
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, 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 …
