Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys Howland’s Agency in Mass. Eastern Insurance Group has acquired Howland’s …
By enacting the McCarran-Ferguson Act in 1945, Congress permitted the states to continue their taxing and oversight of insurance. However, Congress did not give up its preemptive authority over insurance. While Congress’ insurance regulatory reform efforts appear stalled as 2006 …
PIP case referrals to state fraud fighters have soared 327 percent from 2002-2003 to 2004-2005. Actual street arrests have grown nearly 75 percent, and cases sent for possible prosecution have soared nearly 50 percent, according to state figures. With Florida’s …
New Markets Nuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance-Coverage A-allows up to 25 percent additional coverage in …
Risk Management Solutions, Newark, Calif., expects increases in hurricane landfall frequencies will increase modeled annualized insurance losses by 40 percent on average across the Gulf Coast, Florida and the Southeast, and by 25 to 30 percent in the Mid-Atlantic and …
Rating organization A.M. Best has reaffirmed its A- (Excellent) rating of medical malpractice insurer ProMutual Group for 2006. A.M. Best said its rating is based on its independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices …
The Hanover Insurance Group, headquartered in Worcester, Mass., announced the Louisiana launch of Connections Auto, which expands the auto product into ten states: Louisiana, Connecticut, Florida, Illinois, Indiana, Maine, Michigan, New York, Tennessee and Virginia. “The initial market response to …
It’s considered by many teenagers a rite of passage to start driving when they turn 16. But some parents, police officers and lawmakers are beginning to question whether that’s too young to handle the responsibilities of the open road. With …
Provider Insurance Group In Needham, Mass. has added Matthew Hillberg as an account executive. Hillberg is responsible for building insurance programs for new business accounts. Prior to joining Provider Group, Hillberg worked at Norfolk and Dedham Group providing underwriting services …
Tenn. Gov. Phil Bredesen said he won’t force his “Cover Tennessee” plan to cover the state’s uninsured on small businesses or individuals. If the one-in-10 state residents without health insurance are going to participate in the “Cover Tennessee” program, he …
