Worker Theft
It’s Usually One You Least Suspect It often starts with a trusted employee who a small business owner would never suspect. Invoices might be forged, or checks might be stolen. By the time the boss catches on, thousands of dollars …
Business Moves
Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed. The transaction, which includes the rights to the American Live Stock and Harding …
New Jersey Lawmakers Advance Bill Hiking Cell Phone Fines for Drivers
New Jersey lawmakers have advanced a bill that would impose heftier fines for talking or texting while driving. The bill approved last month by the Senate Law and Public Safety Committee would double the fine for first offenses to $200 …
People
The Hartford has appointed Lisa Morgan as senior vice president of its Middle Market commercial insurance business. Morgan most recently served as vice president of Middle Market operation. She joined The Hartford in 2001 and has held positions of increasing …
People
Preferred Professional Insurance Co., an Omaha, Neb.-based Catholic-owned medical liability insurance firm, announced that Lynnette Matza was appointed as PPIC’s next CEO effective Jan. 1, 2011. Matza will succeed T.J. McKivergan. Matza has been with the company since its inception …
Out-of-State Agents Blast Massachusetts Paperwork Requirement
A trade group for agents in several Northeast states are urging Massachusetts regulators to rethink new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance last month announced new rules requiring out-of-state businesses to submit additional paperwork …
Can Long-Time Employees Be Trusted?
Workers Given High-Level Access, Not Recent Hires, Tend to Steal from Firms Because owners often don’t check up on staffers, theft can go undetected for years. It often starts with a trusted employee, one a small business owner would never …
Crump Acquires Target Underwriting
New Jersey-based wholesaler Crump Property & Casualty Insurance Services Inc. has acquired Target Underwriting Management Corp., a managing general underwriter and program administrator headquartered in Connecticut. The acquired assets include Target Insurance Services, Garden State Insurance Services and Florida Liability …
Business Moves
Markel, Hiscox Insurer Markel has acquired the rights to American Live Stock, the animal mortality business of Hiscox Insurance Co. Terms of the deal were not disclosed, but the companies said it would close the transaction by October 1. The …
People
Watkins Insurance Group, one of the largest full-service, locally owned independent insurance agencies in central Texas, added agent Andy Webb to its sales team. Webb began his career in the insurance industry in March 2002 and now brings a strong …
