Latest News in Car Insurance – July 20, 2010
July 20, 2010 by Webmaster
Filed under Car - Truck
Brown & Brown Q2 Profit Up 1.3%
Florida-based insurance agency Brown & Brown Inc. reported that it earned net income for the 2010 second quarter $41,185,000, an increase of 1.3% from the $40,668,000, for the 2009 second …
Analysis: Perfect Storm Brewing for Louisiana Economy
In the blink of an eye, the economic focus in Louisiana has shifted from recession recovery to avoiding actual and potential job losses piling up at a staggering rate.
And there's very little that …
New Specialty Insurance and Weather Brokerage Launched in Minnesota
Milltown Insurance Group, a new specialty insurance and weather brokerage in Lakeville, Minn., recently was opened for business by Dana D'Arrigo.
The firm specializes in niche property and …
Despite Soft Market, Texas Agencies Manage to Grow
They're all different — one's big city; one's suburban; one's country; one's small-to-medium size town. They operate in different parts of the state and have different mixes of business, but …
Poll: More New Jersey Drivers Are Texting
More New Jersey motorists surveyed say they're texting behind the wheel and speeding. But the Garden State residents believe New York motorists are the worst drivers.
Some 25 percent of New Jersey …
Queens Contractor Arrested for Workers’ Comp Fraud
The New York State Insurance Fund said a Queens contractor who allegedly defrauded the workers' comp insurer of more than $150,000 in uncollected premium has been arrested.
Queens contractor on …
Rhoden Joins Guarantee Insurance in Florida
Chris Rhoden has joined Guarantee Insurance Co., a subsidiary of Patriot Risk Management, Inc., as an underwriter for alternative markets. Rhoden will co-lead Guarantee's underwriting team …
Judge Rejects Insurers’ Bid to Nix Probe into Oxendine Donations
A Fulton County judge tossed an attempt by two insurance companies that sought to block an ethics investigation into contributions to Republican gubernatorial hopeful John Oxendine.
Judge Kimberly …
Tennessee Sommet Group Signaled Financial Stress Before FBI Raid
A payroll services company that had naming rights to Nashville's arena gave off signs of financial trouble for several months before FBI agents raided it July 6.
Sommet Group of Franklin, Tenn., …
McDermott Joins Towers Watson as P/C Director
Professional services firm Towers Watson has named Sean P. McDermott as a director of P&C consulting services.
McDermott, who is based in the company's Philadelphia office, is responsible for …
Gulf Coast Fishermen Angered By Clean-Up Offset Against BP Claims
Fishermen in Mississippi say they are angry that under the terms of BP's $20 billion oil spill fund, money they earn doing clean-up will be subtracted from their claim against the company.
The …
Investors Face Uphill Battle with Liability Lawsuits Against BP
Shareholders angry about BP Plc's battered stock price are heading to the courthouse in hopes of reclaiming some of their losses, but they face an uphill battle.
Since the Deepwater Horizon oil …
Goldman Sach’s Deep Pockets May Still Make It Lawsuit Target
Goldman Sachs put one headache behind it by settling with U.S. securities regulators, but it looks like a tempting deep pocket for banks and hedge funds that bought subprime-backed mortgage …
Deutsche Bank to Buy AIG’s Wall Street Building for $60 Million
Deutsche Bank is set to buy American International Group Inc.'s building at 72 Wall Street for about $60 million from a consortium including South Korea's Kumho Investment Bank, a person with …
Eurotunnel Posts $58.5 Million First Half Loss from Insurance Pay Delays
Eurotunnel SA on Monday reported a €45 million ($58.5 million) loss in the first half of this year because of delayed insurance payouts from a 2008 fire in the tunnel it operates beneath the …
