Washington News

Hub International Acquires Business from Maple Leaf Insurance Agency

Chicago-based Hub International Ltd. announced that its Transportation Insurance operating unit has acquired the retail book of business from Maple Leaf Insurance Agency Inc., a Bremerton, Wash.-based brokerage firm that serves trucking companies throughout the United States. Terms of the …

BP Test of New Cap on Gulf Oil Well Could Be Turning Point

BP Plc prepared on Tuesday to test a new cap on its runaway well, arresting the flow of oil which has been gushing into the Gulf of Mexico for the last 12 weeks. [According to Reuters BP Plc will launch …

Hearing Scheduled Today on HR 3424, Reinsurance Tax Bill

HR 3424 will be the subject of a hearing House by the House Representatives Ways and Means Committee today at 10:00 a.m. The Bill, sponsored by Rep. Richard E. Neal (D-MA), has been the subject of a lengthy debate [See …

Ratings Roundup: Iron Horse, American Physicians, United Contractors

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a+” of Vermont-based Iron Horse Insurance Company, both with stable outlooks. The ratings reflect Iron Horse’s “superior risk-adjusted capitalization, experienced management team and …

Heffernan Insurance Names Morrison Commercial Lines Producer in Portland

Heffernan Insurance Brokers has hired Jared Morrison as a commercial lines producer in its Portland, Ore., office. Morrison will expand the company’s large commercial hospitality and Allied Health client base in the Pacific Northwest. Morrison is a resident of Vancouver, …

Michigan Jury Awards $1.2 Million to Patient for Hospital Burns

A 78-year-old Washington Township woman has been awarded $1.2 million for burns and permanent scars suffered while she was a patient at Henry Ford Macomb Hospital. Valerija Milosevic was awarded the money by a Macomb County Circuit Court jury on …

CNA Opens Alabama Branch

CNA Financial Corp. has opened its newest branch office in Birmingham, Alabama. The office is one of five new branches the global business insurer has opened or will open within the past year. Kent Skidmore, recently appointed branch vice president, …

Bell-Anderson Agency Acquires Pacific Insurance

Kent, Wash.-based Bell-Anderson Agency Inc., a regional insurance brokerage, has acquired Pacific Insurance of Spokane, Washi. Terms of the deal were not disclosed. Jim Hunt, president and CEO, said, “the acquisition of Pacific Insurance complements our existing book of business …

Wash. Court Dumps Notice for Malpractice Lawsuits

The Washington state Supreme Court said it’s unconstitutional to require 90 days notice before suing a doctor, marking the second time in less than a year the court has rejected a legislative attempt to reform medical malpractice lawsuits. The court’s …

10 Most, Least Affordable States for Car Insurance