Insurance broker Arthur J. Gallagher & Co. reports it has acquired RSI of Mount Laurel, New Jersey. Terms of the transaction were not disclosed. Founded in 1980, RSI offers employee benefit consulting and brokerage services for middle market businesses in …
A.M. Best Co. has placed the financial strength ratings (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of San Francisco-based Majestic Insurance Company and Bermuda-based Twin Bridges under review with negative implications. Best also placed the ICRs …
Two New England States lead the nation in terms of having the lowest rate of work-related deaths and most states in the Northeast rank well above the national average, according to a new report from a major labor group. New …
The Delaware state Senate has unanimously approved legislation that would protect returning military personnel from rising car insurance premiums. Delaware Senator John Still says military service members insured by some companies have come home to much higher rates. The bill …
Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …
A five-year, $1 billion taxpayer subsidy to help Pennsylvania doctors buy medical malpractice insurance lapsed at the end of last month, forcing physicians to pay higher premiums unless Democrats and Republicans break an impasse over expanding a state health insurance …
$40 Million Increased amount in assessments levied on New York insurers as part of the Empire State’s 2008 budget, a 20 percent increase in the fees. The assessments come on top of a mandatory 2 percent premium tax that insurers …
Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …
$45 Billion The rate of obesity in the United States has doubled in the last 30 years, and those extra pounds weigh on companies’ bottom lines, according to a new report from The Conference Board. Today, 34 percent of American …
People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …
