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Boston-based medical liability insurer ProMutual Group has hired Diane Corjulo as a risk management consultant. Corjulo, a registered nurse, has broad acute care hospital experience and physician office practice expertise. She has worked at Yale-New Haven Medical Center and the …

Marchetti Joins Ames & Gough in Washington D.C.

Washington D.C.-based specialty insurance brokerage Ames & Gough has appointed Tom Marchetti as a client executive. Marchetti is responsible for providing service to existing clients and developing new relationships in the Washington, D.C., metropolitan area, as well as other regions …

California Continues To Evaluate Insurers’ Iranian Investments

California Insurance Commissioner Steve Poizner has released a list of 50 companies doing business in the Iranian oil and natural gas, nuclear and defense sectors, and announced that as of March 31, 2010, no investments that an insurer holds in …

Collapse Concerns Grow as Snowstorm Slams Eastern States

Maryland, Virginia and Washington D.C. were particularly battered by a weekend snowstorm that caused massive power outages and resulted in moderate structural damage to areas in the region. At least two deaths were reported, and now the insurance industry is …

Meteorology: It’s Not ‘Rocket Science;’ It’s a Lot More Complicated

Everyone’s heard the shibboleth “It’s not rocket science.” This implies that whatever “it” may be it’s easier than flying a rocket. In fact Robert Goddard fired off the first real rocket in 1926. Today rockets are an integral part of …

Tapco Opens Underwriting Service Center in Dallas

Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …

TV Networks, Talent Firm Reach $70 Million Settlement With Older Writers

Seventeen major television networks and production studios and seven talent agencies have reached a $70 million settlement of complaints brought by 165 writers aged 40 or older who alleged age discrimination. Approximately two-thirds of the $70 million settlement payment will …

Business Moves

TAPCO Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company says it has the ability to …

Des Moines Named Best City for Business

Des Moines, Iowa, has been named “America’s best city to do business,” according to an annual survey by MarketWatch. Des Moines beat cities such as Washington D.C., Omaha, Neb., and Minneapolis/St. Paul in the survey that compared economic strength and …

New Jersey Car Insurance Prices Down But Still Rank Second Highest

New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates. Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident in 2007 paid just over $1,100, down …