Vertafore Completes Acquisition by TPG Capital
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TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from ...
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New York City Settles 50-Bullet Cop Lawsuit for $7M
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The city of New York has agreed to pay more than $7 million to settle a civil lawsuit stemming from the fatal 50-bullet police shooting of an unarmed man on his wedding day.
The settlement filed ...
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Baltimore Restaurant Workers Awarded $34M after CO Leak
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A Baltimore jury has awarded $34.3 million to 23 employees of an Inner Harbor steakhouse who suffered brain damage as a result of carbon monoxide poisoning.
The plaintiffs worked for the Ruth's ...
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ClearCount Medical, CNA HealthPro Expand Hospital Warranty Coverage
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ClearCount Medical Solutions and CNA HealthPro are working together to expand their insurance policy to provide both the dollar amount and types of expenses covered under ClearCount's Never Event ...
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Seabright Has Q2 Net Loss of $15.5 Million
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SeaBright Holdings Inc. reported a second quarter net loss of $15.5 million or $0.74 per basic and diluted share, primarily due to the recognition of adverse development of prior years' loss ...
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Connecticut Insurance Department Recovers $591K in Second Quarter
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The Connecticut Insurance Department said it recovered $591,000 last quarter for insurance buyers who complained to the state about coverage and claims issues.
Department staff received 1,761 new ...
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Dougherty Named President of New Jersey Subcontractors Association
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William Dougherty has been named president of the New Jersey Subcontractors Association for its 2011 fiscal year.
Dougherty is executive vice president & COO for True and Associates, a ...
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Fireman's Fund's LaRocco Elected to Juvenile Diabetes Research Foundation Board
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The Juvenile Diabetes Research Foundation (JDRF) has elected Mike LaRocco, president and CEO of Novato, Calif.-based Fireman's Fund, to the Greater Bay Area Chapter's Executive Board. LaRocco will ...
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Kentucky's Arison Insurance Acquires Benefits Solutions
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Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition creates Arison's ...
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Ratings Recap: Skandia, Al Fajer Re
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A.M. Best Co. has affirmed the financial strength rating of 'A '(Excellent) and issuer credit ratings of "a" of Sweden's Skandia Insurance Company Ltd. and Skandia Life Assurance Company Limited ...
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Texas Mutual Successful on Appeal in Workers' Comp Bad Faith Case
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A Houston Court of Appeals has dismissed a case involving workers' compensation benefits claim disputes with Texas Mutual Insurance Co. in a move that according to the insurer resolves ...
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Foremost Insurance Group Launches Auto Program in New York
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Foremost announces their DISTINCTCHOICE auto program in New York. Foremost's new auto program is designed with increased limits, deductible options and important coverages for drivers.
The ...
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Smith Named Missouri Insurance Agents' Person of the Year
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Dennis Smith of Columbia, Mo., has been honored as the Missouri Association of Insurance Agents' Insurance Person of the Year. The award was given at MAIA's annual Leadership Conference on July ...
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Neace Lukens Opens Dayton, Ohio, Office; Grows Construction Group
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Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice president of its ...
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S&P Raises Arch Capital Group's Ratings to 'A-'; Outlook Stable
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Standard & Poor's Ratings Services has raised its counterparty credit rating on Arch Capital Group Ltd. to 'A-' from 'BBB+'. S&P also raised its counterparty credit and financial strength ...
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