Maryland News

Maryland Investigating Death of Man at Ice Cream Plant

Officials in Maryland are investigating an incident in which a man died after falling from a tanker truck at the Good Humor-Breyers Ice Cream plant last month. Maryland Occupational Safety and Health is investigating the May 29 incident. A spokeswoman …

Court Finds Liability Policy Excludes Claim in Trademark Case

The Hartford has no duty to defend or indemnify a policyholder that was accused of using another company’s federally protected trademark, a federal court in Maryland has ruled. The case pitted The Hartford against its insured, Marvin J. Perry Inc., …

Beacon Hill Associates Offers Workers’ Comp Product

PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …

Ratings: Guardian, Golden Bear, ARIC, SUIC, First American, Seminole

A.M. Best Co. has upgraded the financial strength rating to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating to “a-” from “bbb+” of Guardian Insurance Company, headquartered in the U.S. Virgin Islands, both with stable outlooks. Best said the …

Maryland Insurance Agent Reilly to Fill State Senator’s Seat

Edward Reilly, chairman of County Council of Anne Arundel, Maryland has been chosen to replace retiring Sen. Janet Greenip. The Anne Arundel County Republican Central Committee voted 8-5 for Reilly after a meeting Tuesday evening. Reilly is a Nationwide Insurance …

Business Moves

AIG American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion to Nippon Life Insurance Co. The property includes approximately one acre of land on which The AIG Otemachi Building …

People

Neal S. Wolin has been confirmed by the U.S. Senate to serve as the deputy secretary of the U.S. Department of the Treasury. In February, Wolin was named deputy assistant to the President and deputy counsel to the President for …

The Growing Number of Bank Failures and the D&O Insurance Marketplace

In what has become a ritual, each Friday evening the Federal Deposit Insurance Corp. (FDIC) announces the names of the banks it has taken over that week. As of May 19, 2009, the number of year-to-date bank closures stands at …

My New Markets

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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …

Maryland Apartment Fire Causes More than $1M in Damage

Firefighters spent more than three hours battling a four-alarm fire in an apartment complex in Randallstown Sunday night. Baltimore County fire officials say the blaze was reported just before 9 p.m. Within 40 minutes, it had gone to four alarms …