The Travelers Companies CEO Jay Fishman said at a financial conference yesterday that his company raised rates for business insurance customers by 5.2 percent in October, followed by 5.8 percent in November, according to a news report. The Wall Street …
A subsidiary of Ryan Specialty Group will administer a new transactional liability and tax insurance facility after entering new trading relationships with three carriers. Concord Specialty Risk will have the capacity to insure risks up to $55 million and access …
CNA Financial Corporation appointed Charles O’Donnell as commercial underwriting officer for its Boston branch office. In this position, O’Donnell will add local underwriting leadership and technical underwriting capabilities to branch offices in Massachusetts, Rhode Island, Vermont, New Hampshire and Maine. …
A new study says tougher restrictions on Iowa’s teenage drivers could have saved the lives of 32 young drivers in 2009. The Des Moines Register reports that the study report includes suggested standards: requiring drivers to be 16 before earning …
Privately owned insurance brokerage firm Hylant Group, headquartered in Toledo, Ohio, has added Lynn Ambrose to its executive risk practice. Based in Hylant’s Chicago office, Ambrose will be primarily responsible for servicing publicly traded companies and managing professional lines of …
Conning Inc. has apppointed Woody E. Bradford as CEO of Conning. The appointment takes effect Jan. 2, 2012. Bradford succeeds Salvatore Correnti, who will continue to serve in an advisory capacity as vice chairman and member of the board of …
Kyson Johnson, Texas’ only dedicated insurance fraud prosecutor, has been named 2011 Prosecutor of the Year by the Coalition Against Insurance Fraud. Johnson was honored for his successful record in prosecuting criminals involved with various forms of insurance fraud including …
The Strategic Insurance Agency Alliance (SIAA) in November added two new member insurance agencies from South Central states. Nationally, the group added 35 members last month. The two new agencies are: Partners Premier Insurance Agency of Georgetown, Texas Spengler-Stewart Agency …
Richmond, Virginia-based specialty insurer Markel Corp. is acquiring Thompson Insurance Enterprises, a national program administrator that does business as Thomco. Headquartered in Kennesaw, Georgia, Thomco manages 20 national programs including ones for medical transportation, senior living, childcare centers, fitness clubs, …
The Strategic Insurance Agency Alliance (SIAA) in November added five new member insurance agencies located in the Midwest. Nationally, the group added 35 members last month. New agency members in the Midwest are: Epic Insurance Agency of Solon, Ohio Raymond …
