Global insurance broker Willis Group Holdings announced that it has agreed to acquire Opus Holdings Limited, a U.K. regional insurance broking and group benefits consultancy business, from European buyout firm Bridgepoint Capital Limited. Opus has annual general insurance and group …
New Jersey Attorney General Peter Harvey announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained a State Grand Jury indictment which charges a former Hunterdon County insurance broker and financial planner with stealing nearly …
The Texas Department of Insurance on Nov. 9 released the following statement concerning the recent court ruling on the State Farm and Farmers homeowners rate reduction orders: On November 8, 2004, a state district court ruled that a portion of …
A state district judge in Texas overturned mandated rate rollbacks in homeowners insurance for State Farm and Farmers insurance companies, but the Texas Department of Insurance is reportedly not ready to give up the fight. Insurance Commissioner José Montemayor last …
Florida-based FPIC Insurance Group Inc. has reported that its net income increased to $7.5 million, or $0.72 per diluted share, for the third quarter 2004, up from net income of $5.4 million, or $0.55 per diluted share, for the third …
Alaska Gov. Frank Murkowski recently issued a state disaster declaration for the Northwest Arctic Borough, the Bering Strait REAA and the village of Mekoryuk in response to sea storms that have caused widespread damage. “The devastation visited on families in …
A Maynard, Massachusetts, contractor has pleaded guilty to defrauding seven cities and towns and failing to pay approximately $800,000 in prevailing wages to predominantly immigrant workers, Attorney General Tom Reilly announced. Milton Marder, 51, pleaded guilty recently in Essex Superior …
In a recent Farmers Insurance Group survey, 69.2 percent of respondents reportedly admitted to exceeding the posted speed limit on the highway. Furthermore, 36 percent said they regularly exceed the posted speed limit by five or more miles per hour, …
The Dallas All Industry Day event for 2004, sponsored by state and local insurance organizations, will focus on national and global economic issues and its infrastructure, the insurance industry. Entitled “Connecting the Global Economy Through Insurance,” this event will be …
Talks to settle 28 sexual abuse claims against the Roman Catholic Diocese of Spokane have failed, leaving the possibility the diocese will file for bankruptcy. The lawsuits all involve allegations against former priest Patrick O’Donnell. “We could not reach a …