Willis Group Holdings has extended the contract of its Chairman and CEO, Joseph J. Plumeri, until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. In doing so …
A new poll says almost three of every four Connecticut voters support legislation requiring seat belts on school buses in the state. The Quinnipiac University survey released Thursday says the proposal has strong support across party lines and in all …
Nationwide Insurance has proposed a 11.7 percent increase in homeowner insurance premiums statewide. The rate request will take effect April 15 unless Insurance Commissioner Mike Chaney denies it or has questions. Nationwide, based in Columbus, Ohio, has received three increases …
A Rhode Island lawmaker is renewing his push to ban drivers from using hand-held cell phones while behind the wheel. Pawtucket Democrat Peter Kilmartin introduced a bill Tuesday that bans drivers and bicyclists from using mobile phones that are not …
Several young adults from West Virginia are starring in a new educational film on the dangers of distracted driving that is to be released this spring. Charleston, West Virginia-based MotionMasters is producing the film, “Deadly Driving Distractions,” for Films Media …
Climate change will likely increase the frequency and severity of storm activity in Texas, an area of the country that is especially vulnerable to the “triple threat” of hurricanes, hail storms and tornadoes, weather researchers said at a conference at …
Key executives from over 50 companies, state agencies and industry groups met with New York Insurance Department officials yesterday to begin hashing out details for reviving the New York Insurance Exchange. The group, comprised of roughly 80 people, included executives …
Validus Holdings announced that it has priced a registered offering of $250 million aggregate principal amount of 8.875 percent Senior Notes due 2040. They are to be sold to the public at a “price of 98.71 percent of principal.” The …
The Hanover won’t have to pay $26,000 in claims on behalf of a Connecticut contractor who accidentally knocked over the house he was working on, a Connecticut Superior Court has ruled. The decision comes from a lawsuit by homeowner James …
Lockton announced that it has obtained a “significant equity holding in South Korean insurance broker IMI, with options to purchase an increased shareholding.” IMI has also been renamed Lockton Companies (Korea) Inc., or “Lockton Korea.” The bulletin noted that Lockton …
