A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients. Ruling in favor of Bank of America Corp.’s Merrill …
In response to the trend towards use of more energy efficient and environmentally friendly “green” products and materials, The Mutual Service Office, Inc. (MSO) has introduced a green upgrade supplemental coverage endorsement for its commercial property program. Highlights of the …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Farmers Insurance Group and its members. Best also affirmed the debt ratings on the outstanding surplus notes of Farmers …
In a move that accelerates its national growth, Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., has acquired Thomas Rutherfoord, Inc., the country’s 14th largest privately-held independent agency according to Insurance Journal’s Top 100. Marsh …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A++’ (Superior) and issuer credit ratings (ICR) of “aa+” of the Chubb Group of Insurance Companies and its P/C members. Best also affirmed the ICR of “aa-“, senior debt …
Investigators continue to seek the cause of a massive, wind-swept fire that destroyed four homes and a nearby historic inn in central New Jersey. Three other homes were damaged in Saturday’s blaze in Ocean Grove, which burned for several hours …
Even though they are largely excluded from the federal financial regulatory overhaul proposed in the Senate, property/casualty insurers say there are some elements they fear could negatively affect them and their customers. Sen. Chris Dodd, D-Conn., unveiled his “Restoring American …
New Jersey-based Risk Enterprise Management Ltd. (REM) has named Michael Ebert as vice president of programs. Ebert has more than 20 years of insurer and producer sales, marketing, account management and service experience. He joins REM from PMA Group, where …
Online crime complaints increased substantially once again last year, with the number of fraud complaints jumping 22.3 percent and total losses linked to online fraud reaching almost $560 million. That’s according to the Internet Crime Complaint Center, a partnership between …
Most enter the insurance business by accident but for young independent insurance agents, the decision to stick with insurance as a permanent career is a matter of choice. A healthy 84 percent of young insurance agents say they consider insurance …
