Daily Archives: <span>May 2, 2012</span>

Hanover Insurance Group Q1 Profit Up 70% to $49.7M

The Hanover Insurance Group reported $49.7 million net income for its 2012 first quarter, up 70 percent from $29.3 million reported during the same period one year ago. Profit continues to get a boost from its London-based Chaucer unit, which …

Lawsuit Seeks Overtime Wages For ACS Employees

A class action complaint was filed against Alaska Communication Systems Group alleging sales and marketing personnel were not paid overtime. The lawsuit was filed on on Monday behalf of a former employee, Laura Lee Peterson of Anchorage, and others who …

Adjuster Sams & Associates Adds Adkins

Insurance adjuster Sams & Associates Inc. added Lizzy Adkins as their new regional manager and multiline adjuster in Seattle, Portland and surrounding areas. Adkins joined Sams & Associates in 2012. She has more than 20 years’ experience in the industry. …

Survey: Agencies Seek Carrier Help to Expand into New Niches

The challenges of today’s economy appear to be driving some independent agents into new niche insurance markets and product lines. Almost 60 percent of independent agents say they have begun to or plan to expand into new business lines, according …

N.J.-Based Selective Appoints New Member to Board of Directors

Branchville, N.J.-headquartered Selective Insurance Group appointed Annabelle Bexiga as a new independent member to its board of directors. Bexiga is the chief information officer at TIAA-CREF, a Fortune 100 financial services organization and a provider of retirement services in the …

Insurance Industry Charitable Foundation Expanding into Texas, SE

Another job was the last thing Bill Henry wanted when he was approached to head up a new division of the Insurance Industry Charitable Foundation (IICF). But Henry, chairman and CEO of the Dallas-based brokerage McQueary Henry Bowles Troy (MHBT), …

Marsh & McLennan Posts $347M Q1 Income, Up 6.8% From Last Year

Marsh & McLennan Cos. Inc. reported $347 million net income for its 2012 first quarter, up 6.8 percent from $325 million reported during the same period in 2011. The total revenues for the quarter were $3.05 billion, up 5.7 percent …

Mississippi Lawmakers Pass Workers’ Compensation Changes Backed by Employers

Mississippi legislators offered sharply different views of a bill they passed Monday to change the way compensation is awarded to workers injured on the job, or to survivors of those killed at work. If Republican Gov. Phil Bryant signs the …

Gaylord Hotels Suing Government Over 2010 Nashville Floods

Gaylord Entertainment Co. has filed a lawsuit accusing the National Weather Service and the U.S. Army Corps of Engineers of negligence that heavily damaged its luxury hotel in Nashville and the famous Grand Ole Opry House during flooding in 2010. …

Allied World Re Opens Miami Office for Latin America; Names Turkel Senior VP

Allied World Reinsurance Co. has opened a new office in Miami in order to further expand its operations in Latin America. The Miami office will be Allied World Re’s hub for all classes of treaty business in the region. The …