A federal grand jury has indicted a 53-year-old Bedford, N.H., man on charges he defrauded clients of his insurance agency. Prosecutors say from October 2001 to September 2003, Raymond Douville operated an insurance agency that catered to small, independently owned …
CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., reports it has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk personal and …
Energy companies found little damage to their U.S. facilities during initial checks Tuesday in the wake of Hurricane Gustav — signaling a possible fast recovery from the biggest storm to threaten the oil sector since hurricanes Katrina and Rita in …
Aon, Benfield Chicago-based Aon Corp. is acquiring UK-based broker Benfield Group Limited for about $1.75 billion. The price includes $6.55 (£3.50) per share in cash and assumption of $170 million (£91 million) of Benfield net debt. The consideration represents a …
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. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …
Evaluation of the New Hampshire floods of May 2006 and April 2007 show that they were caused by different events. The Federal Emergency Management Agency says that the May 2006 flooding was unusual because of the sheer volume of rainfall, …
A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and the issuer credit rating (ICR) of “aa-” of Spain’s MAPFRE RE, Compania de Reaseguros, S.A. with a stable outlook. “The ratings reflect MAPFRE RE’s integral role within …
Declarations Mass. Expansion – Vermont Mutual CEO Thomas Tierney, commenting on his company’s decision to enter the Massachusetts personal auto insurance market. It is the second company this month – along with American International Group – to announce it would …
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. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …
The Professional Insurance Agents of New Hampshire has named Rosemary Goedtel to the newly created position of member liaison. Previously, Goedtel was member liaison for the Professional Insurance Agents of Connecticut, New Jersey and New York State, where she worked …
