Newsbriefs

K&B OPENS FOR BUSINESS IN VA.:

Retail insurance agents have a new brokerage resource: K&B Underwriters LLC, of Fairfax, Va. Founded by insurance veteran Bryan Baird,...

OKLA. OKs MED-MAL RATE HIKE:

The Oklahoma Insurance Department approved a rate increase for medical professional liability carrier NCMIC Insurance Co. NCMIC applied for a...

MARSH TO LAY OFF 3,000:

New York City-based brokerage giant Marsh & McLennan Cos. revealed it would lay off about 3,000 employees to reduce annual...

TWCC POSTS RULE-MAKING PROJECTS:

The current status of rule-making projects by the Texas Workers’ Compensation Commission has been added as a regular page on...

AON PREPS FOR SPITZER HAMMER:

Chicago-based Aon Corp., the world’s No. 2 insurance broker, said it is negotiating with lenders to access about $890 million...

MASS. FAIR PLAN SEEKS RATE HIKE:

The Massachusetts Property Insurance Underwriting Association (MPIUA), also known as the FAIR Plan, has filed for rate increases for its...

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