Allstate has agreed to pay $10 million to 45 states in a regulatory settlement involving its use of claims handling software. New York State Insurance Superintendent James J. Wrynn said the agreement follows an 18-month targeted National Association of Insurance …
Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news items in the state’s 2010 …
Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join Marsh as managing directors, and Jim Beatty and …
Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like a strange idea, but that’s what John Rost, founder, president and CEO of Fiesta Auto Insurance, …
IMS, London American Risk Specialists IMS Insurance Market Solutions acquired Houston-based London American Risk Specialists Inc. effective Sept. 1, 2010. The combined entity will become IMS/London American and will be one of the largest independent multi-line managing general agencies in …
Sean McGovern now heads Lloyd’s operations in the U.S. and Canada – the first and third largest sources of business for its underwriters. Lloyd’s not only wants to hold on to that business, but also to increase it. “We’re in …
More than 1,500 Louisiana homeowners saw their residences swept away by seizure during the third quarter of 2010, a national company that tracks foreclosures reported Oct. 14. Irvine, Calif.-based RealtyTrac said that in addition to 1,560 foreclosure sales, another 2,819 …
The man suspected of opening fire at a Carlsbad elementary school, wounding two girls, had a minor brush with the law in 2002 in Illinois when he pleaded guilty to misdemeanor telephone harassment, the San Diego Union-Tribune reported. Bonnie Ramirez …
The Illinois attorney general filed a lawsuit against Enbridge Inc’s U.S. affiliate Enbridge Energy Partners Thursday, as the state seeks to have the company pay the costs incurred cleaning up an oil pipeline spill last month. Attorney-General Lisa Madigan and …
Markel Corporation has introduced Markel Management Liability, an integrated suite of coverages including directors’ & officers’ liability, employment practices liability, and fiduciary liability. The coverages are available as a package policy or as stand-alone coverages. Markel Management Liability protects insureds …
