The work environment for professionals has been evolving rapidly over the past few years, fueled by both the spread of technology and the changing economy. Many professionals, such as attorneys and accountants, are embracing new ways of doing business and …
Average renewal premiums for commercial lines property/ casualty insurance were largely unchanged during the fourth quarter of 2010 and that may remain the case for awhile. According to the RIMS Benchmark Survey, directors and officers liability (D&O) was the only …
North Carolina Insurance Commissioner Wayne Goodwin has announced a settlement agreement that calls for the North Carolina Insurance Underwriting Association, known as the Beach Plan, to reverse the more than $16 million it made to member companies in 2009. The …
A New Jersey woman who claimed the stress of her work as a hospital security guard left her with a psychiatric disability cannot collect workers’ compensation benefits, a state judge has ruled. The case centered on the allegation by the …
Encharter Massachusetts-based Encharter Insurance agency will open a fifth branch office, the latest in Simsbury, Connecticut. Encharter will sell personal lines coverage throughout the Farmington Valley, the agency said. It is Encharter’s second Connecticut location, in addition to its Watertown, …
Fourth Quarter Brings In Record M&A Activity Following a year of historically low merger and acquisition (M&A) activity in 2009, market, economic and political dynamics fueled the fourth most active year of M&A activity in the past 11 years, and …
Northeast State Have Uneven Success Attracting Captives States across the Northeast continue to look at captive insurance companies as a potential source of new business — and tax revenue — but the continued growth of captives is treating some states …
Pennsylvania Gov.-elect Tom Corbett said he will nominate lawyer Michael Consedine as the Keystone State’s next insurance commissioner. Consedine, 41, is a partner in the Harrisburg office of law firm Saul Ewing, where he serves vice chair of the firm’s …
Turnaround May Not Happen Until 2012 The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve taken on in …
Mine Worries “We estimate that more than a million Pennsylvania homes sit atop abandoned mines, yet many homeowners are not insured against catastrophic property losses if these mines should collapse. That’s why Pennsylvania has made mine subsidence insurance more affordable.” …
