The White House oil spill commission said on Monday it found no evidence to support accusations that the largest offshore oil spill in U.S. history happened because workers for BP Plc and its partners cut corners to save money, mostly …
Bowing to pressure from insurers and agent groups, Massachusetts safety regulators have eased new, workers’ comp paperwork requirements for some out-of-state contractors. At issue is a form used by inspectors to verify whether a non-Massachusetts company doing business in the …
A.I.M. Mutual Insurance Companies and Quincy Mutual Group will join forces to to create the Commercial Solutions Underwriting Alliance, a business arrangement designed to meet the commercial lines product needs of small to medium-sized employers in Massachusetts A.I.M. is a …
Ohio Mutual Insurance Group (OMIG) has reached an agreement to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end of …
Massachusetts-based Eastern Insurance Group has appointed Matthew Shadrick as executive vice president of its employee benefits division, Eastern Benefits Group. The 20-year industry veteran most recently served as national sales director for the Aon Consulting Human Capital Practice where he …
$175,000 Fine paid to the state of Connecticut by Ohio-based American Modern Home Insurance Co. for agent-licensing violations. A recent market conduct examination by regulators found that American Home had 75 agents who were not appointed and 11 individual agents …
Markel, Aspen, FirstComp Markel Corp. completed the previously announced acquisition of Aspen Holdings Inc., a privately held insurance group that provides workers’ compensation insurance and related services, principally to small businesses, in 31 states. Aspen, headquartered in Omaha, Neb., operates …
Critical Areas Include Contract Wording, M&As, Emerging Risks As the difficult economy forces architects and engineering firms to focus their resources on keeping their firms afloat, risk management is taking a backseat. This dangerous trend means insurance brokers and carriers …
North Carolina’s medical costs per workers’ compensation claim were among the highest in a study of 15 states, according to a new report. The study by the Cambridge, Mass.-based Workers Compensation Research Institute (WCRI) said that several factors led to …
Tuesday’s elections could have ramifications for a number of state insurance commissioner posts across the country. Nationwide, 11 commissioners are directly elected but there are only four such elections tomorrow; the rest of commissioners are appointed, most by governors or …
