Newsbriefs

CONN. COMP RATES CHANGING:

The Connecticut Insurance Department has approved a slight decrease of 0.3 percent in workers’ compensation loss costs beginning Jan. 1,...

MMC TO LAY OFF 3,000:

Marsh & McLennan Companies Inc. (MMC) revealed it would lay off about 3,000 employees to reduce annual expenses by $400...

CONN. WIDENS PROBE TO TOWNS:

Connecticut Attorney General Richard Blumenthal has expanded his investigation into allegations that insurance bids were rigged by examining whether unlawful...

IOA RANKS AS FAST-GROWING AGENCY:

Florida’s Insurance Office of America (IOA) was recently ranked the nation’s 24th largest privately held insurance agency by Hale’s Report...

VOTERS KEEP OREGON’S SAIF SAFE:

Voters in Oregon said yes to keeping state-run workers’ compensation carrier SAIF Corp. from being abolished by rival Liberty Northwest,...

R.I. OFFICIAL SEEKS BAN ON FEES:

In the wake of the ongoing insurance brokerage probe involving bid rigging and incentive payments, Rhode Island Secretary of State...

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