N.J. pays premium
N.J. pays premium Flood insurance is a particularly salient issue for my home state of New Jersey. Surrounded by the Delaware River to the west and the Hudson River and Atlantic Ocean to the east, New Jersey is especially prone …
New Markets
Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …
Del. Supreme Court upholds decision in Disney shareholder lawsuit
The Delaware Supreme Court upheld a lower court ruling that directors of the Walt Disney Co. did not violate their fiduciary duties in the hiring and firing of former Hollywood superagent Michael Ovitz. In affirming a 174-page ruling last year …
Maine Employers Mutual Group’s Rating Affirmed
Insurance industry analyst A.M. Best this affirmed the rating of the members of The MEMIC Group. According to Best, Maine Employers’ Mutual Insurance Company (MEMIC) and The MEMIC Group remain “A” (Excellent) while subsidiary MEMIC Indemnity Company remains “A-” (Excellent). …
Del. Supreme Court Upholds Decision in Disney Shareholder Lawsuit
The Delaware Supreme Court last week upheld a lower court ruling that directors of the Walt Disney Co. did not violate their fiduciary duties in the hiring and firing of former Hollywood superagent Michael Ovitz. In affirming a 174-page ruling …
June 12 is Okla. Disaster Application Deadline for March Storms
FEMA announced that Delaware County, Okla., residents and business owners affected by the March 12 storms and tornadoes have only a few days left to apply for disaster assistance. June 12, 2006 is the last day applications will be accepted …
HealthNow N.Y. Acquires Northeast Benefits Firm, Brokerage Concepts
HealthNow New York Inc., parent company of BlueCross BlueShield of Western New York and BlueShield of Northeastern New York, is acquiring the business and operations of and Brokerage Concepts, Inc. (BCI), a major benefits brokerage and administration firm. HealthNow officials …
Study: 18 Million Americans May Be Unfit for Roads
Results from the second annual GMAC Insurance National Drivers Test suggest licensed Americans lack basic driving knowledge and exhibit alarming behaviors on the road. The study revealed that one in eleven drivers–nearly 18 million people–would fail a state drivers test. …
Praetorian to Acquire Surplus Lines Insurer Alea North Ammerica
Specialty insurer Praetorian Financial Group said it has agreed to acquire Alea North America Specialty Insurance Company (ANASIC), an affiliate of Alea Group Holdings (Bermuda) Ltd of Hamilton, Bermuda. ANASIC is a Delaware-domiciled stock insurance company with surplus lines authority …
North Pointe Reports 1st Quarter Results; Losses from Midwest Storms
Michigan-based North Pointe Holdings Corp. recently reported financial results for the first quarter ending March 31, 2006. Net income was $1.6 million, or $0.18 per diluted share, as compared with $2.5 million, or $0.52 per diluted share, for the first …
