Giant insurance broker Marsh says its main brokerage unit will not accept contingent commissions on business for U.S. or Canadian clients but its Marsh & McLennan Agency and its affinity and personal lines business units will. The decision to not …
American Westbrook Insurance Services, based in Westchester, Ill., has hired Frank C. Binetti as a senior sales executive on its benefits team. Binetti began his career at Banker’s Life and Casualty. He was recruited to create a newly-developed Benefits department …
Maine-based insurer Acadia Insurance Co. has named Christopher Rourke as its new regional vice president-Connecticut branch manager. Rourke will help to develop and monitor the overall underwriting, marketing, loss control and claims strategies for the Connecticut office. He will be …
Insurance agents and carriers are reporting progress in their efforts to modify a proposed federal financial services regulation bill passed by the Senate Banking Committee, while risk managers have extended their support to the legislation. Lobbyists for the Independent Insurance …
Connecticut officials are notifying 11,000 residents who applied for state rebates after purchasing energy efficient furnaces that their personal information may have been stolen. Robert Genuario, secretary of the state’s Office of Policy and Management, says Hartford Police notified his …
The National Association of Professional Insurance Agents (PIA) named Timothy G. Russell of Sandy Hook, Conn., as the 2010 Professional Agent of the Year and Jennifer A. Tahaney of The Seltzer Group in Schuylkill Haven, Pa., as the 2010 PIA …
A.M. Best Co. has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit rating (ICR) of “a” of Electric Lloyd’s of Texas (Electric Lloyd’s) (Dallas, Texas) and assigned an NR–5 (Not Formally Followed) to the FSR and …
Many U.S. states are worried that the healthcare overhaul plan approved by the U.S. House of Representatives will usurp their sovereignty and impose more spending on their already stretched budgets. Republican attorneys general in at least 12 states announced on …
Property/casualty insurance companies, which already pay into state guaranty funds to backup claims of their insolvent peers, don’t want to have to also pay into a federal fund to cover failures of larger and riskier financial services firms. Leading p/c …
A Connecticut State Senator thinks things have become too chummy between the state’s insurers and the commissioner of the state’s insurance department. To fix it, he says he would like to make the commissioner’s office an elected position. Senator Edward …
