The American Bar Association says the Illinois Supreme Court was right in striking down as unconstitutional the caps on non-economic damage awards in medical malpractice cases. Insurer groups, however, say the decision will add to rising health care costs and …
Virginia lawmakers have passed bills that would boost the top speed limit in the state from 65 mph to 70. In the Senate, the bill passed on a 29-10 vote. Democratic Senator Creigh (Cree) Deeds of Bath County said the …
Tom Klinedinst III has joined Cincinnati, Ohio-based R. G. McGraw Insurance Agency as marketing and production manager for commercial lines. Klinedinst brings 21 years of experience in commercial lines insurance and specializes in analyzing, designing, implementing and managing insurance and …
California-based Western Security Surplus Insurance Brokers (WSS) has announced changes in the personnel for the WSS Brokerage Division. In the Pasadena, Calif., office, Philip Tiomico, who has been with WSS since 2008, was promoted to broker. He will be working …
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 …
K&K Insurance Group Inc. has acquired Fort Wayne, Ind.-based Leisure Sports Specialists LLC. Terms of the transaction were not disclosed. The Leisure Sports Specialists acquisition expands K&K’s footprint as specialist in the sports, leisure and entertainment insurance industries. K&K has …
Massachusetts-based insurer The Hanover Insurance Group Inc. saw fourth-quarter profits jump 68 percent to $57.3 million, up from $34.1 million in the year-ago quarter. For the year, net income was $197.2 million, up from $20.6 in 2008, when The Hanover’s …
Chicago-based ASPN, the Agency Specialty Products Network Insurance Agency LLC, formed a new alliance with San Francisco-based ISU International and the ISU Network, one of the nation’s largest group of independently owned and operated agencies. The new marketing alliance will …
