Maryland News

Carrier Stock Prices on the Rocks Thus Far in 2008 But M&As Robust

Stock Prices Consistent with the market as a whole, the carrier sector has had a rocky start to the new year, trading down 10 percent. M&A Activity M&A activity in the property/casualty sector remained robust as the new year began. …

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. Human Services Nuts & Bolts: Travis Pederesen and Associates is offering general liability, professional, umbrella, …

Medicus Insurance Names Shea President, Davidow CEO

Medicus Insurance Co. named Eugenie Shea is president and chief operating officer. She will also serve as executive vice president of the parent company, Medicus Insurance Holdings Inc. Additionally, Sheldon Davidow has assumed the role of CEO of the medical …

Medical Malpractice Suits on the Decline in Pennsylvania

The number of medical malpractice lawsuits filed in Pennsylvania declined for a third consecutive year in 2007, according to figures released by the state Supreme Court. The number of suits, 1,617, represented a 4.5 percent decline from 2006 and a …

Davidow, Shea Picked to Lead Medicus Insurance Company

Eugenie Shea joined Austin, Texas-based medical liability insurer Medicus Insurance Company as president and chief operating officer. In addition to her responsibilities as president and COO, Shea will also serve as executive vice president of the parent company, Medicus Insurance …

ISG’s Pacific Wholesale to Acquire E.L.M. Insurance Brokers

Insurance Specialty Group LLC, parent of Atlanta, Ga.-based Pacific Wholesale Insurance Brokers (Pacific Wholesale) entered into definitive agreements to acquire and merge with El Segundo, Calif.-based E.L.M. Insurance Brokers Inc. The combined companies will have 10 offices throughout the United …

Maryland Car Dealership Fire Causes $3M in Damage

Fire investigators say a blaze at a car dealership in Prince Frederick, Maryland did $3 million worth of damage. In addition to the main showroom at Bayside Automotive, five vehicles belonging to the dealership and to customers sustained damage. Deputy …

Northeast States Lead Nation for Low Worker-Death Rates: Report

Two New England States lead the nation in terms of having the lowest rate of work-related deaths and most states in the Northeast rank well above the national average, according to a new report from a major labor group. New …

Seafood Restaurant McCormick & Schmick Faces Md. Race Bias Suit

The U.S. Equal Employment Opportunity Commission filed a class action lawsuit this week against McCormick & Schmick’s Seafood Restaurant Inc., alleging race discrimination against black applicants and employees at its two Baltimore restaurants. The EEOC alleges that the restaurant’s management …

Liberty Mutual to Acquire Safeco Insurance in $6.2B Deal

Liberty Mutual Group has agreed to acquire all outstanding shares of common stock of Safeco Corp. for $68.25 per share in cash in a deal that will make Liberty Mutual the fifth largest U.S. property/casualty insurer and second largest surety …