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Hub International Limited reports it has acquired the New York risk management firm, Jacobs & Jacobs, Inc. (J&J). J&J’s operations became part of Hub International Northeast (HUB Northeast), expanding this operation’s current presence in the Long Island, New York area. Currently based in Roslyn Heights, N.Y., J&J is a brokerage firm with 12 professionals, all… Continue reading Jacobs & Jacobs Aquired by Hub International Ltd.

Any procrastinating residents in Louisiana residents considering filing claims with or lawsuits against their insurance companies regarding losses stemming from 2005’s Hurricane Katrina will need to take action by August 30, 2007 or miss out on their opportunity to do so: This directive came from Louisiana Insurance Commissioner Jim Donelon and state Governor Kathleen Blanco,… Continue reading File It or Forget It: Deadline for Hurricane Victims Looms in Near Future

The world’s largest insurance broker, Marsh & McLennan Cos. announced it has made an agreement with New York’s attorney general and insurance commissioner that will allow the broker to take some fees from insurance companies, according to Marsh & McLennan CEO Michael Cherkasky. Cherkasky says the revenue from the fees, some of which were previously… Continue reading Fee Pact Struck with Marsh & McLennan and New York CEO

The National Association of Professional Insurance Agents (PIA) has designated August 8 as the group’s second annual PIA District Lobbying Day, a day on which PIA members will conduct a nationwide series of in-district visits with Members of Congress during the August congressional recess. The whole month of August is devoted to political involvement and… Continue reading Today Marks PIA District Lobbying Day

Citizens Insurance Company of America, a company of The Hanover Insurance Group, Inc., a leading super regional property and casualty company, announced that David N. Jeffery, has been named regional vice president for personal lines for the company’s Michigan territory. Jeffery will work out of the Citizen Insurance headquarters in Howell, Michigan. “We are very… Continue reading Jeffery, Collins Appointed to Key Positions at Citizens Insurance and The Hanover

Chicago, Illinois-based Aon Corp. announced the promotion of Ted T. Devine to chief executive officer of Aon Re Global, the company’s reinsurance intermediary unit. Devine succeeds Michael D. O’Halleran, formerly Aon Re Global’s chairman and CEO, who has been named executive chairman of the unit. Devine, who previously was chief operating officer of Aon Risk… Continue reading Aon Appoints Devine to CEO Position of Reinsurance Unit

Indiana-based Conseco announced second-quarter losses grew as the insurer strengthened its claims reserves, while shares fell 3 percent. Conseco’s net loss totaled $64.5 million, or 38 cents a share, compared with a loss of $31.8 million, or 21 cents a share, in the same period a year ago. Conseco Chief Executive Jim Prieur said the… Continue reading Conseco Posts 2Q Losses

The National Association of Professional Insurance Agents (PIA) is hailing the results of a nationwide survey showing that small business owners oppose the idea of the federal government regulating insurance. One of the questions asked via ballot by the National Federation of Independent Business (NFIB) of its members regarding federal issues was, “Should Congress repeal… Continue reading Survey Finds Small Business Owners Oppose Federal Regulation of Insurance, PIA Hails Results

New York-based Marsh & McLennan Cos. Inc. (MMC) announced it has finalized the sale of its Putnam Investments unit to Great-West Lifeco Inc., a Winnipeg, Manitoba-based unit of Power Financial Corp. based in Montreal, Canada. The all-cash, $3.9 billion sale was announced in February. MMC reports net proceeds from the deal, excluding taxes and minority… Continue reading Marsh & McLennan Completes Sale of Putnam Investments

In other Hurricane Katrina-related news, the U.S. Department of Justice has announced it is considering whether to intervene in a lawsuit that accuses some insurance companies of overbilling the federal government for flood damage, according to a judge who unsealed the case.    The whistle-blower suit was filed last year by a team of lawyers… Continue reading Hurricane Damage Overbilling Lawsuit Unsealed, May Prompt Department of Justice Involvement