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 …
A Ritzville, Wash., man has pleaded guilty to possession of stolen property in connection with illegally collecting workers’ compensation benefits while collecting wages from a nursing home managed by his wife. Ronald E. Newton was ordered to repay the state …
San Francisco-based Charity First Insurance Services Inc. has appointed Riley Binford executive vice president. He will be responsible for managing Charity First’s existing programs as well as the development of new programs for the nonprofit and social service sector. Binford …
Despite the massive flooding resulting from levee breaches and storm surge during Hurricane Katrina in 2005, the economic benefits provided by flood control measures in Southeast Louisiana far outweigh the costs of widespread damage from flooding, according to one researcher. …
San Diego-based insurance brokerage Barney & Barney LLC announced that Catherine Botello, Marc Pannier and Steve Shea have been made principals of the firm. All three have been key players in the expansion of their respective departments. “In their new …
The Utah House has defeated a bill that would ban insurance companies from excluding coverage for certain prisoners. Lawmakers voted 44-30 against House Bill 22. The measure would have applied to inmates already eligible for coverage in correctional facilities, county …
The Bermuda-based Catlin Group Limited announced the appointment of Martin Zingg as chief investment officer of the Catlin Group, effective March 1. He will be based in Catlin’s office in Zurich, Switzerland. Zingg will assume responsibility for investment strategy and …
The Illinois Supreme Court Thursday declared unconstitutional a 2005 state law that capped damage awards for a plaintiff’s pain and suffering at $500,000 against doctors and $1 million against hospitals. It was the second time in 13 years that the …
The Zurich Financial Services Group posted across the board income gains in all of its core business segments and targeted growth in profitable market areas, particularly in Global Life and from Farmers. The Group generated an increased business operating profit …
