The surviving relatives of a man who died after being cared for in a nursing home have been awarded $4.2 million in compensatory damages, and the amount could be more if a judge’s ruling vacating punitive damages is overturned. Jurors …
USI Holdings Corp. announced the acquisition of Memphis, Tenn.-based H.W. Gates Agency, Inc., which serves the Memphis metro area. Gates is expected to contribute approximately $1.0 million of revenues to USI on an annual basis. Commenting on the acquisition, Jeffrey …
St. Louis-based GMAC Insurance announced the nationwide rollout of its specialized RV insurance through independent agencies. The move comes as part of a GMAC Insurance initiative to expand its product offerings sold through approximately 10,000 independent agencies across the country. …
Allied Insurance Brokers, a managing general agency in Marriottsvile, Md. specializing in habitational accounts, has opened an underwriting unit targeting small to medium size apartment and condominium risks. This coverage is written as a Commercial Package Policy with enhancements, including …
Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …
Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …
No need to be unkind “It’s not a popular position. I’ve had people who have said unkind things. I’ve had people who say I need to be replaced.” — Arkansas State Sen. Kim Hendren, R-Gravette, commenting on the unlikelihood that …
Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …
$520,000 The amount Citizens Property Insurance Corp. paid out in claims payments to policyholders affected by the Feb. 2 tornadoes in the first few days, according to the company. Tim Loftin, senior vice president of claims for Citizens, said the …
Robber baron “We’re looking a robber baron in the face. State Farm is not a responsible corporate citizen.” Mississippi Attorney General Jim Hood fighting a recent decision by State Farm Insurance Co. to stop writing new home and commercial property …
