Tokio Marine, Philadelphia Insurance Japan’s Tokio Marine Holdings, Inc. has agreed to acquire Philadelphia Consolidated, a U.S. property/casualty insurance company offering specialty commercial property and casualty insurance to targeted markets. The total transaction value is approximately $4.7 billion. It is …
$475,000 Amount spent on state lobbyists in Massachusetts by Commerce Insurance Group in the first six months of 2008 – making it the largest single spender on lobbying in that time frame. The expenditures come as the state’s largest auto …
The Hanover Insurance Group, Inc. in Worcester, Mass. reported a net loss for the second quarter of 2008 of $10.2 million, compared to an income of $59.8 million in the second quarter of the prior year. Net income for the …
Selective Insurance reported that new premiums declined for the second quarter while workers’ compensation results improved and its recent expansion into the commercial markets in Massachusetts and Tennessee is going well. Selective’s second quarter 2008 results, compared to second quarter …
The Hanover Insurance Group, Inc., in Worcester, Mass., has signed an agreement to sell its remaining run-off life insurance business, First Allmerica Financial Life Insurance Co. (FAFLIC), to Commonwealth Annuity and Life Insurance Co., a Goldman Sachs company. In conjunction …
The Connecticut Insurance Department has fined subsidiaries of CNA Insurance Group a total of $96,000 for violations of state law. The fines were assessed to CNA’s subsidiaries for alleged violations of laws regarding licensing and appointments of agents, loss of …
Eighteenth century pirates and a nineteenth century German “Iron” Chancellor preceded the United States in the creation of a social system for the protection of injured workers. The modern workers’ compensation system owes parts of its existence to this unique …
Leading lawmakers this week accused the Bush administration of acting in secret to make it harder to limit worker exposure to carcinogens and other dangerous chemicals in the workplace. The Labor Department is trying “to slip through a rule that …
An El Paso woman faces up to 20 years in prison and repaying nearly $1 million to an insurance company where she worked. Prosecutors say 42-year-old Olivia Enriquez pleaded guilty to one count of wire fraud. Sentencing is Oct. 7. …
The Massachusetts Supreme Judicial Court has ruled that physicians can be held liable in a wrongful death action when their negligence lessens a patient’s chance of survival. The ruling, which for the first time upholds the “loss of chance” doctrine, …
