New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in Connecticut. The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability …
The remains of Tropical Storm Nicole battered the U.S. Atlantic Coast like a hurricane as it moved from the Carolinas to New England on Friday. Nicole was a minimal tropical storm for just six hours Wednesday, but the broad, ragged …
Berkley Net Underwriters has named Matthew McCue director of business development for the Mid-Atlantic region. McCue will lead BerkleyNet’s efforts to expand its agency distribution in Connecticut, Virginia and Maryland. He succeeds Bruce Hayden, who has been named director of …
Fire investigators are trying to determine the cause of a blaze that raced through the main building at the Torrington Country Club and caused an estimated $500,000 in damage. Authorities say the four-alarm fire in Goshen began at about 10:30 …
Workers’ compensation wholesaler PMC Insurance Group has named Bob Jones vice president. He will share responsibilities for expanding PMC’s agency management plan and revenue growth in New York, New Jersey and Connecticut. Jones is a 30-year industry veteran, mostly on …
New Jersey-based Professional Risk Solutions (PRS), a wholesale insurance broker, has purchased the assets of Gremesco of Florida, LLC, one of seven members of the Gremesco group of companies. All of the other offices of wholesaler Gremesco remain in business …
Connecticut’s congressional delegation is asking President Obama to reconsider the denial of federal aid for tornado-related damage in Fairfield County. The delegation wrote to Obama on Tuesday saying the Federal Emergency Management Agency’s rejection of the aid will deprive property …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior unsecured debt rating to W.R. Berkley Corp.’s (WRB) proposed issue of $300 million of 5.375 percent senior unsecured notes, which are due in 2020. “WRB will use the net proceeds …
North Carolina-based wholesale insurance broker AmWINS has won a court order against a former employee it believes is using confidential client information to target AmWINS business accounts and win them over to his new employer. The former employee, David Austin, …
Mass. Med Mal Concerns “A shift in the Massachusetts medical professional liability insurance environment requires we make appropriate rate revisions to ensure our policyholders are adequately protected.” —Denise Funk, CEO of Connecticut-based medical professional liability insurer CMIC, which said it …
