Soft commercial insurance market conditions persisted through the third quarter of 2010, with lower rates on average across major coverage lines, according to a new report from broker Marsh. Intense competition and overabundance of capacity continue to define the commercial …
U.S. states can proceed with a lawsuit seeking to overturn President Barack Obama’s landmark healthcare reform law, a Florida judge ruled Thursday. U.S. District Judge Roger Vinson had said at a hearing last month that he would block efforts by …
Bermuda-based specialty insurer Ironshore Inc. and New York-based program administrator Distinguished Programs Group LLC have formed a joint venture acquisition vehicle targeting the managing general underwriter and program manager segments of the insurance distribution business. The business plan for the …
New Jersey State Police say a farm machine struck overhead power lines and caught fire, killing two workers and injuring a third. Sgt. Julian Castellanos says a chute on a combine the men were operating snagged high-tension wires at about …
High Power Insurance Service of Rancho Cucamonga, Calif., has joined The Iroquois Group, according to agency principal Alphonso Rudolph. Iroquois is a network of property and casualty insurance agencies and lists more than 1,800 member agencies in 37 states.
Hospitals are not entitled to place liens on insurance benefits paid by insurers to third party service providers, the Tennessee Supreme Court has ruled. The case involved a man, Kevin L. Holt, who was injured in a car crash in …
Diane Betzler would hesitate to eat at a food truck even if it was serving filet mignon for free and the placard in the window gave it an A-plus rating for cleanliness. She still hasn’t entirely gotten over her experience …
Safeco Insurance Co. has recognized Kerry Majhanovich with its Award of Excellence. Majhanovich is a principal with Tegeler & Associates in Wyoming. Safeco’s Award of Excellence celebrates those individuals with superior underwriting skills who have developed a solid partnership with …
Category 2 Hurricane Paula passed 60 miles east of the resort town of Cancun, Mexico this morning, packing maximum sustained winds of 100 mph, according to catastrophe modeling firm AIR Worldwide. With hurricane force winds extending only 15 miles outward …
Standard & Poor’s Ratings Services said it has revised its outlook on Mutual of Omaha Insurance Co. to negative from stable, and has assigned its ‘A’ rating to Mutual of Omaha’s issue of up to $300 million in surplus notes. …
