Tower Group, Inc. announced that it entered into a stock purchase agreement today to acquire North American Lumber Insurance Company, a shell company with 17 state licenses, nine of which are active in the following states: New Jersey, Connecticut, Massachusetts, …
West Virginia Insurance Commissioner, Jane L. Cline, has signed separate multi-state settlement agreements with three major disability insurance carriers owned by UnumProvident Corporation of Chattanooga, Tenn. More than 40 states have joined West Virginia in ratifying the settlement agreements. The …
The number of motorcycle fatalities hit the highest level in a decade in Maine in 2004, and riders who die are more likely to be baby boomers than teenagers on sport bikes, according to state officials. The number of motorcycle …
Maine Secretary of State Dan A. Gwadosky is encouraging all Maine motorists and insurance professionals to familiarize themselves with the state’s new law requiring insurers to report cancellation of mandatory liability insurance coverage on vehicles registered in the state. It …
The Agents Council for Technology (ACT) has published a multi-part report on the ACT Web site to help independent agents and brokers build a sales-driven agency culture and implement disciplined sales processes using available technology tools. ACT, which is affiliated …
Charles Cushner Kathleen Lawler The Independent Insurance Agents & Brokers of New York Inc. recently announced the addition of three new staff members. Kathleen A. Lawler is IIABNY’s new director of education, Bruce H. Barry fills the newly created communications …
Stephen D'Arcy Stephen D’Arcy, professor of finance at the University of Illinois at Urbana-Champaign, began his term as president of the Casualty Actuarial Society at the organization’s annual meeting. D’Arcy has been a fellow of the CAS since 1975 and …
Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable, “A,” admitted. …
Gov. John Baldacci’s nationally touted health insurance program went into effect Saturday with 1,800 Mainers signed up as the first card-carrying members of DirigoChoice. But the number is far below the 31,000 people the administration hopes to enroll by year’s …
At least 40 states have approved a settlement in an investigation of UnumProvident Corp., requiring the disability giant to reconsider about 200,000 claims and pay a $15 million fine, insurance officials involved in the deal said. Approval of the settlement …
