New Jersey-based insurer Selective Insurance Group Inc, posted a fourth-quarter profit of $20.6 million, up from a $14.4 million loss in the year-ago quarter. For the year, earnings were $36.4 million, down from $43.8 million in 2008. “In 2009, our …
Surgery provides better results than nonsurgical treatment for most patients with back pain related to a herniated disk—but not for those receiving workers’ compensation for work-related injuries, according to a new study. There appears to be “no added benefit” of …
Atlanta-based specialty insurer American Safety Insurance (ASI) has hired several new underwriters at regional locations throughout the country. In its New Jersey office, Robert Williams joins ASI as a senior excess casualty underwriter. Williams has more than 20 years of …
Willis Group Holdings plc announced that Stephen E. Wood, the company’s Global Group Financial Controller, has been named interim Chief Financial Officer. The appointment is effective with the February 19, 2010 departure of Patrick C. Regan, who is leaving the …
Allied World Assurance Co. has named Theana Iordanou as vice president and New York regional branch manager. Iordanou will be responsible for managing profit and loss for the New York region and will work with the business development team and …
In its fourth annual Ohio Medical Professional Liability Closed Claim Report the Ohio Insurance Department shows a total of 3,080 medical professional liability claims were closed in 2008. The amount of compensation paid on behalf of each defendant to a …
ISU International of San Francisco has promoted Teresa Tomsen to the newly created position of ISU national marketing director. Seven years experience as ISU’s commercial underwriter qualifies Tomsen to facilitate placements for ISU Network’s approximately 100 offices. Tomsen believes “strong …
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired Haake Companies, a large independent insurance agency headquartered in Overland Park, Kan. Terms of the transaction were not disclosed. Established in 1926, Haake Companies has annual …
ACE Limited reported net income for the quarter ended December 31, 2009, of $953 million, or $2.81 per share, compared with $0.06 per share for the same quarter last year. For the full year ACE reported net income of $2.549 …
The Louisiana Department of Insurance says a Baton Rouge agent has been served with two cease and desist orders, and two fine notices, for alleged insurance fraud, bank fraud, issuing worthless checks, filing false public records, felony theft and identity …
