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Nationwide Mutual Completes Harleysville Acquisition

Nationwide Mutual Insurance Co. has completed its previously announced $834 million merger deal with Harleysville Mutual Insurance Co. The deal was first announced in September 2011. Nationwide Mutual policyholders voted to approve the merger on April 9, 2012. Harleysville Mutual …

Idaho Man Gets Jail Time for Faking Motorcycle Mishap

The insurance claim seemed straightforward: Jason Preston said his motorcycle was wrecked. His clothing was scuffed up to prove it. But Idaho investigators figured there was something fishy about the Blackfoot man’s story he’d crashed the bike to avoid hitting …

My New Markets

Bringing Market Seekers and Market Providers Together Find markets in our database Promote your markets on our site Join our community forums Membership is free! www.MyNewMarkets.com Courier/Expedited Local Delivery Market Detail: Innovative Insurance Solutions Inc. (IISI) has a program specifically …

Marsh Says It Only Sees Targeted Rate Correction

Marsh & McLennan executives said this month that they are only seeing a “targeted correction” – not a broad-based hard market – in the P/C commercial insurance market. CEO Brian Duperreault said during the May 1 earnings call, “Is it …

How Are Insurance Agencies’ Customers Doing?

Construction is the No. 1 target market of independent insurance agencies. Before the recession, construction often constituted 20 percent to 40 percent of medium to large agencies’ books of business. Independent agency growth then can be tracked, to some extent, …

Joplin, Missouri: One Year Later

After the Tornado, Town Looked Like a War Zone, Adjusters Say “One of the eeriest things was … the lack of noise. There were no birds. There was no sound. There was no vegetation. There was nothing. There were no …

Missouri Insurance Regulators Recover $2M in First Quarter

The Missouri Department of Insurance reported that it has recovered more than $2 million to consumers in first quarter of 2012. Health insurance and claim denial are the major sources of complaints, the department said. Missouri consumers who filed complaints …

Declarations — South Central

No More Cellphones “We really need better rules, regulations and laws, and corporations need to have a no-cellphone policy while operating a vehicle.” —Thomas J. Henry, attorney for a Texas woman who received a $24 million jury award after being …

Declarations – Midwest

Supplemental Surgery? “As payers limit price increases for physician services, the physicians look for other avenues to supplement their income – ownership of surgery centers and MRI facilities as well as physician dispensing of prescription drugs have become much more …

Missouri’s Vetoes, Overrides

Missouri’s legislature and its governor have been back and forth so far this year on legislation that would effect changes in the state’s workers’ compensation system. Among them, bills that would prevent employees from suing their co-workers for on-the-job injuries …

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