February 21, 2010
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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
February 19, 2010
A Connecticut police officer who shot and killed a 200-pound chimpanzee last year after it mauled a woman has been denied an insurance claim for post-traumatic stress disorder because state law only applies to police shootings of people. State Sen. …
February 19, 2010
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit rating (ICR) of “aa” of The Cincinnati Insurance Companies (CIC) and its standard market property/casualty members. Concurrently, A.M. Best has affirmed the FSR of …
February 18, 2010
Fairfax Financial Holdings Ltd said Thursday it will buy all the shares of U.S. insurer Zenith National Insurance Corp that it does not already own in a deal worth about $1.4 billion.[Figures are in U.S. $, unless noted] The acquisition, …
February 17, 2010
The nation’s largest insurance brokers have received the go-ahead to begin accepting contingent commissions again — but two of them say they won’t do it. Officials in New York, Illinois and Connecticut have agreed to amend agreements under which the …
February 16, 2010
Three days before the deadly explosion at a Connecticut natural gas power plant, a federal agency that investigates chemical accidents recommended urgent changes to national safety standards for clearing gas from pipes. But even if those changes had been in …
February 16, 2010
Kansas Commissioner of Insurance Sandy Praeger has issued a cease and desist order to four companies and four individuals for selling unauthorized health insurance and distributing deceptive advertising. The Kansas Insurance Department identified the companies as: Real Benefits Association, Serve …
February 12, 2010
Connecticut insurance regulators recovered almost $3.2 million last year for consumers involved in formal disputes with their insurers over claims payments. There were 6,798 complaints and inquiries lodged last year. The bulk of the complaints focused on Accident and Health …
February 11, 2010
Boston-based medical liability insurer ProMutual Group has hired Diane Corjulo as a risk management consultant. Corjulo, a registered nurse, has broad acute care hospital experience and physician office practice expertise. She has worked at Yale-New Haven Medical Center and the …
February 11, 2010
The mayor of the Connecticut town where a power plant was rocked by a fatal explosion says the general contractor building it is asking for property damage claims from neighbors. Middletown Mayor Sebastian Guiliano said Monday that O&G Industries Inc., …