June 16, 2008
Insurance broker Aon Corp. reported that the five government agencies to its 2005 settlement have agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions on existing business for three years following their acquisition …
June 16, 2008
A Chicago police officer working with a tow company owner and another policeman allegedly scammed an insurance company, authorities said. According to a news account in the Chicago Sun-Times, Officer Joseph A. Grillo was arrested on June 5 at O’Hare …
June 16, 2008
The death toll now stands at 10 in the Midwest as tornadoes, severe thunder storms and flooding hit Indiana, Illinois and Wisconsin beginning June 6. States battled tornadoes that touched down in multiple areas, heavy winds and hail damaged autos …
June 16, 2008
$300,000 Owners of pit bulls, Rottweilers and Doberman Pinscher in Kenmare, N.D. won’t have to get rid of them, if they license the dogs and keep them secure. Kenmare City Council members had considered a ban on some dog breeds …
June 16, 2008
The National Association of Insurance Commissioners is losing trust because it at times operates behind closed doors and is not open to dialogue with the insurance industry. That was the criticism of NAIC, as voiced by representatives of the American …
June 16, 2008
People Lockton Companies recently named Kevin McDaniel as president of its St. Louis office. McDaniel succeeds Whity Meyer, who was named chairman. McDaniel joined Lockton more than 10 years ago as a producer and most recently has been an executive …
June 16, 2008
Insurance broker Aon Corp. reported that the five government agencies to its 2005 regulatory settlement agreement agreed to an amendment that will permit companies it acquires to continue to accept contingent commissions for a limited time. Under the amendment, a …
June 16, 2008
Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled in late May. In a second similar decision, the high court ruled that …
June 16, 2008
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. Custom Home Builders Market Detail: Lemac & Associates, a division of Risk Placement Services Inc. …
June 16, 2008
Stock Prices: The brokerage sector as a whole is down 3 percent for the year. Among middle-market brokers, Arthur J. Gallagher’s (NYSE:AJG) stock has faired well compared to peers Brown & Brown (NYSE:BRO), down 16.6 percent, and Hilb Rogal & …