ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and non-renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …
The Hanover won’t have to pay $26,000 in claims on behalf of a Connecticut contractor who accidentally knocked over the house he was working on, a Connecticut Superior Court has ruled. The decision stems from a lawsuit by homeowner James …
As state legislators across the United States enact laws that ban phoning or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions …
A.M. Best Co. has revised the outlook to positive from stable and affirmed the financial strength rating of B (Fair) and issuer credit rating (ICR) of “bb+” of MGA Insurance Company Inc. (MGA) of Dallas, Texas. Concurrently, Best revised the …
Connecticut Gov. M. Jodi Rell has announced she will propose stronger enforcement of the state’s 2005 law barring hand-held cell phones while driving. In a statement Saturday, Rell said she will submit legislation expanding the law to cover texting and …
Waterbury, Connecticut-based Webster Financial Corp. said it was the target of an elaborate embezzlement scheme at a subcontractor that provides bulk cash processing on behalf of one of its major vendors. The company said that the subcontractor had made partial …
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired Haake Companies, a large independent insurance agency headquartered in Overland Park, Kan. Terms of the transaction were not disclosed. Established in 1926, Haake Companies has annual …
A new insurance industry study has found that state laws banning the use of handheld devices to make calls or send text messages while driving have not resulted in fewer vehicle crashes. The study, released Friday by the Highway Loss …
Workers’ compensation costs per claim for medical care of injured workers in Illinois were among the highest of 15 study states one year after implementation of its first medical fee schedule effective 2006, according to a new study by the …
United Property & Casualty Insurance Co. in Florida said it is seeking approval to write homeowners insurance in Massachusetts, Connecticut, Rhode Island, New York, North Carolina, South Carolina and New Jersey. The company, which opened for business in 1999, currently …
