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Big ‘I’ Agents Gain Access to Engineering Firms’ Insurance Program

The Independent Agents & Brokers of America Big “I” Markets program announced a partnership with the American Council of Engineering Companies (ACEC) to provide Big “I” members with exclusive access to the ACEC Business Insurance Program, which provides business insurance …

Connecticut Jury Awards $1M to Victim of Alleged Rape

A Connecticut teenage girl who says she was raped in the back of a taxi in Naugatuck in 2007 has been awarded $1 million in a lawsuit against the alleged attacker and the cab company. A Waterbury Superior Court jury …

Has Flu Pandemic Peaked? ‘Not Quite,’ Say Health Experts

Has the swine flu pandemic peaked globally? Not quite, World Health Organization advisers decided on Tuesday. WHO is taking a big risk in making such an announcement at all, and the wording of WHO Director-General Dr. Margaret Chan’s decision, to …

Louisiana: Tax, Premium Advantages Available for Retrofitting Structures

Louisiana residents can apply for a state tax deduction for retrofitting their homes, as well as an insurance premium discount for building or retrofitting your home to comply with the Louisiana State Uniform Construction Code. The Louisiana Department of Insurance …

Marsh Concludes Energy Sector Applies Risk Lessons from Past Losses

New research by Marsh has concluded that, “despite an increase in the size and scale of new energy infrastructure projects, national oil companies (NOCs) and other energy and chemical concerns are experiencing fewer and less-severe major losses than in previous …

New York Recovered $32.2M for Policyholders Last Year

New York insurance regulators recovered $32.3 million last year for consumers who complained about insurers’ business practices and claims handling. The Insurance Department investigates approximately 60,000 complaints a year. In all, 7,780 people across the state received money back as …

Aon Finds P&I Club Renewals Face ‘More Benign’ Environment

According to Aon Risk Services marine division “ship owners faced a more benign Protection and Indemnity (P&I) renewal at 20th February 2010. “Against a back drop of an improving claims trend, and for some, favorable investment performance, better prospects for …

Arkansas: Company Marketing Fraudulent Insurance Products Must Stop

Arkansas Insurance Commissioner Jay Bradford has suspended the non-resident business entity producer’s license of Cinergy Health Inc. pending the outcome of an administrative hearing scheduled for March 11, 2010, at the Arkansas Insurance Department. Arkansas regulators said that Cinergy Health …

Best Affirms, Withdraws Novae Group and Subsidiaries Ratings

A.M. Best Co. has affirmed the financial strength rating of ‘B++’ (Good) and issuer credit rating (ICR) of “bbb+” of Novae Insurance Company Limited (NICL), the ICR of “bbb” of Novae Group plc (Novae) (the ultimate holding company of the …

Zurich Names Two Regional Managers for Commercial Environmental Business

Zurich named two new regional managers for its North American Environmental team: Richard Calvert has been named manager for the South Central region, and Warren Puffer is the new manager for the Northwest region. Calvert, who prior to joining Zurich …

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