Property-Casualty Insurance News
A Houston, Texas-based marine contracting corporation recently filed a suit against a group of insurers on grounds that it was never responsible for paying about $500,000 to an injured maritime … Read →
Virginia independent insurance agency acquired by The Dawson Cos.
Tabb, Brockenbrough & Ragland, a 129-year-old independent insurance agency in Richmond, Va., has been acquired by an Ohio-based independent agency system.
A Branchville, N.J.-based holding company announced that its subsidiary entered a renewal rights and asset purchase agreement with an Alterra Capital Holdings subsidiary to add excess and surplus lines (E&S) to its portfolio.
House approves five-year extension of National Flood Insurance Program
The U.S. House of Representatives passed a bill that would extend the National Flood Insurance Program for five years.
Philadelphia Insurance Cos., Ullico ink strategic deal on surety bonds
A Philadelphia-area property-casualty company that writes policies for niche markets nationally has formed a strategic alliance with two Washington, D.C.-based insurance companies.
The independent insurance agent and broker channel is alive and well nationally, especially in New York, where it grabbed a bigger market share than the national average, according to a trade group.
A New York-based national provider of benefits, insurance and wealth management services acquired an Arizona-based property-casualty brokerage.
Allstate, the Hauppauge, N.Y.-based insurance company, sued 10 New York people to recover more than $1 million, alleging that laypersons illegally owned and operated four professional service corporations.
Workers’ compensation rates show only hint of hardening P-C market
Rates for workers’ compensation coverage in the U.S. rose 1% in June, marking the only property-casualty line to show an increase in rates for the month, according to MarketScout.
A York, Pa.-based risk management and insurance company has acquired Construction Bonds, a Virginia-based company that gives it access to the entire Mid-Atlantic region.

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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