New York-based insurer Merchants Insurance Group has promoted Eric Feit to assistant vice president and regional manager of its Eastern Strategic Business Center in Hauppauge, New York. Feit has more than 30 years of experience in the insurance field, and …
Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources. Terms of the deal were not disclosed. The businesses — which have combined annual revenues of approximately $3 million — offer employee benefits …
Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news items in the state’s 2010 …
The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during August 2010. The actions include 14 license revocations, four license denials and fines and restitution totaling $832,708. Copies of Geeslin’s orders may be …
Specialty insurer Beazley has hired Lila Rymer to join its political risks team, writing business in the U.S. from the company’s New York office. She joins Beazley from Atradius Credit Insurance, where she was a senior underwriter and business development …
American International Group Inc (AIG) plans to raise up to $14.9 billion through an IPO of its Asian life insurance unit AIA Group Ltd, according to a document obtained by Reuters on Monday. The Hong Kong-based company plans to raise …
For insurance agents, there is a lesson to be learned from Hulk Hogan — particularly about the pitfalls of selling coverage to wealthy clients. The well-known, ex-professional wrestler turned reality TV star is suing his insurance broker, Wells Fargo, over …
The family of a former Massachusetts student who received electric shock treatments at a special needs school has agreed to receive $65,000 to settle a lawsuit claiming the treatment was inhumane and violated his civil rights. The privately operated Judge …
Shifting Political Winds, $25 Million Price Tag Create Hurdles New York regulators say the plan to re-launch a Lloyd’s-style exchange in the city is forging ahead, but they’re looking to hand the reins to the insurance industry to take the …
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 …
