Manulife Financial Corporation in Toronto and John Hancock Financial Services, Inc.,in Boston, along with its its Canadian subsidiary, The Maritime Life Assurance Company, today completed their merger after receiving all necessary regulatory approvals. John Hancock is now a subsidiary of …
A team of attorneys and consumer advocates will be in place by week’s end to investigate complaints by hundreds of victims of last fall’s Southern California wildfires that their insurance companies underestimated repair costs or haven’t provided timely payments. State …
The Republic Group, based in Dallas, announced the appointment of Robert S. Howey as vice president and chief marketing officer. As the senior marketing officer, Howey will manage agency appointments, agency contracts, reinsurance, new product development and will provide specialized …
The use of administrative law judges to settle some legal disputes involving state agencies could be threatened by a lawsuit now before the Louisiana Supreme Court. According to Associated Press reports, the suit started in a flap over whether Allstate …
Bermuda-based Montpelier Re Holdings Ltd. reported net income of $109.0 million, or $1.59 diluted earnings per share, through March 31, 2004. The change in net unrealized gains on investments was $25.9 million for the quarter and comprehensive income was $134.9 …
West Virginia’s Workers’ Compensation Commission recently filed injunctions against two state employers whose accounts with the Commission are reportedly in default. The injunctions were filed in Kanawha County Circuit Court against: * William E. Trail, d.b.a. Trail’s Chevron, a Jefferson …
Red River Services recently announced the launch of its risk management, loss control and property inspection business in Houston and Dallas, Texas. The organization is up-and-running, ready to help insurance companies, managing general agencies (MGAs), third party administrators and employee …
Vermont has reached a new milestone: the number of lawyers is at a record level. So is the number of lawyers per capita. Vermont now ranks in or near the top 10 states for its supply of lawyers. Vermont has …
Sen. Barbara Mikulski, D-Md., wants to find a way to block a federal commission’s support for a proposal that would allow employers to cut health benefits for retirees who qualify for Medicare. Last week, the Equal Employment Opportunity Commission voted …
With its planned acquisition of Oxford Health Plans Inc., UnitedHealth Group is turning its focus on boosting insurance enrollment to the more than 90 Fortune 500 companies in Connecticut, New York and New Jersey, company officials said. The economy in …
