P&C Companies News

N.J. REPAIRS CONTRACTORS' ACT:

Gov. James McGreevey signed legislation removing “inaccurate and ineffectual” provisions from the Contractor’s Registration Act, one day before the act...

N.J. WINS BACK STATE FARM:

A flurry of special dividends and a series of rate reductions from auto insurers, along with increased competition and new...

S&P Rates IAG Notes ‘A-‘

Standard & Poor’s Ratings Services announced that it has assigned its “A-” issue rating to the A$500 million (U.S. $392...

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...