Connecticut Attorney General Richard Blumenthal is heralding recommendations of a state commission that would crackdown on companies that illegally misclassify employees as independent contractors, and dramatically raise fines for misclassification. Blumenthal co-chairs the Joint Enforcement Commission on Worker Misclassification with …
A competitive market landscape perpetuated flat commercial insurance prices during the fourth quarter of 2009, according to the latest market survey. After nearly five years of steady price decreases, findings from professional service firm Towers Watson’s most recent Commercial Lines …
Chicago-based CNA Insurance has named Stephen Clark as vice president of its Ocean Marine operation. In this role, Clark has responsibility for the global insurer’s entire ocean marine line of business, including Hull, Marine Liabilities, Protection & Indemnity and Cargo. …
Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their customers. Sen. Chris Dodd, D-Conn., unveiled his “Restoring American …
The Georgia Supreme Court has upheld the state’s 2005 tort reform legislation that limits the liability of emergency room medical care providers. The 4-3 ruling turned aside complaints that the law is unconstitutional because it gives special liability exemption to …
A new survey suggests insurers looking into the use of social media for promotion and customer interaction would be smart to target young adults, men and high-income earners. These groups are the most likely to already use social media for …
Having flood insurance will be increasingly important this year as spring rain combines in many parts of the U.S. with the melting of record snowfall, according to the Insurance Information Institute. “Many states on the Atlantic seaboard were hit with …
A.M. Best Co. upgraded the financial strength rating to A- (Excellent) from B++ (Good) and issuer credit rating to “a-” from “bbb+” of American Freedom Insurance Company of Arlington Heights, Ill. The outlook for both ratings has been revised to …
Property and casualty insurance provider Zurich named Scott Rasor as head of Zurich North America Commercial’s Construction group. Rasor previously served as senior vice president for Construction, specializing in residential and specialty risks. He will be based in Zurich in …
E&S brokerage firm Connecticut Underwriters has named Darren Valencia as director of its professional lines business. Valencia has 10 years of experience underwriting and brokering professional liability coverage, and has held positions at several companies He most recently served as …
