Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through June compared to 43 transactions …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Manufacturers Market Detail: Penn Millers Insurance Co.’s (www.pennmillers.com) manufacturers program offers property, crime, liability, automobile …
Hewlett-Packard Co.’s directors have been sued by a Massachusetts pension fund that alleges they violated their fiduciary duties in connection with the abrupt departure of Chief Executive Mark Hurd, causing the company’s shares to fall. The shareholder derivative lawsuit accused …
As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many industry analysts believe …
Workers’ compensation insurance wholesaler PMC Insurance Group appointed Bob Jones as vice president. Jones will share responsibility for expanding PMC’s agency management plan and revenue growth in New York, New Jersey and Connecticut — including the management and oversight of …
Criminologists call it murder by proxy — rampages by employees who go after their boss, supervisors and even co-workers they link to the source of their outrage. The message is: Look who’s doing the firing now. These eruptions of workplace …
Clifton E. Thompson has been appointed a commissioner of Connecticut’s Workers’ Compensation Commissioner. Thompson is a former Army sergeant, Hartford police officer and private practice lawyer who specialized in real estate and landlord and tenant law. _ Source: Workers’ Compensation …
United Insurance Holdings Corp., a property and casualty insurance holding company, today reported its financial results for the second quarter and for the six months ended June 30, 2010. For the second quarter, United returned to profitability from a loss …
Connecticut-based Business Risk Partners has purchased the renewal rights to the miscellaneous professional liability book of Houston-based ProAssurance Mid-Continent Underwriters Co. Underwriting on behalf of Lloyd’s, Business Risk Partners will offer renewal policies to any qualifying ProAssurance Mid-Continent insured. The …
Cincinnati Financial Corp. saw net income for the second quarter of 2010 rise to $27 million compared with a net loss of $19 million for the same period in 2009. Operating income for the quarter was $42 million compared with …
