The California Department of Insurance has approved rate increases for several workers’ compensation insurers. California Insurance Commissioner Steve Poizner had recommended a 5 percent increase in his rate advisory. However, several insurers requested increases in excess of 5 percent, including: …
Itasca, Ill.-based Arthur J. Gallagher & Co. recently announced the acquisitions of The Treiber Group LLC and Treiber Agency Group LLC, both located in Garden City, N.Y. Terms of the transactions were not disclosed. With roots going back to 1899, …
Rockhill Insurance Co. recently announced that it has appointed Partners General Insurance Agency, LLC, an independently owned managing general underwriter with offices in Calabasas, Calif. and Naperville, Ill. Partners will target residential repair and remodeling contractors, commercial contractors, owners landlords …
Premiums charged by the National Flood Insurance Program (NFIP) are inadequate to cover the risk and the program should re-examine its methods for setting rates, according to the U.S. Government Accountability Office (GAO). The 2005 hurricanes left the NFIP with …
The National Association of Insurance Commissioners (NAIC) recently announced that two state departments — the Illinois Division of Insurance within the Department of Financial and Professional Regulation and the North Dakota Insurance Department — have chosen State Based Systems (SBS) …
Changes to the medical fee schedule proposed rules were submitted to the Illinois Joint Committee on Administrative Rules (JCAR) on Dec. 1 and will be heard at the Jan. 13, 2009 JCAR hearing at 9 am in Springfield, Ill. in …
Park Ridge, Ill.-based Machon & Machon, Inc. recently announced it has joined the ISU Insurance Services network. “To capitalize on the strengths and resources of ISU’s coast-to-coast network, we have enhanced our agency name to incorporate the ISU Insurance Services …
Hiscox Ltd., an international specialist insurer, announced that it is expanding its US business and refocusing its reinsurance portfolio to take full advantage of market opportunities. The Group also noted that its ratings have been upgraded by Standard & Poor’s …
The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved thirteen companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These thirteen companies collectively employ approximately 26,500 employees in Texas. Under …
Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey. The small business insurance unit …
