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Fitch: Municipal Credit Pressures Unlikely to Affect U.S. P&C Insurer Capital Positions

July 21, 2010

CHICAGO–(BUSINESS WIRE)– U.S. Property/Casualty (P&C) insurers hold a high concentration of investments in public entity securities, and concerns over future…

Briefing.com: Hourly In Play (R) – 18:00 ET

July 21, 2010

Jul 21, 2010 (Briefing.com via COMTEX) — Hourly In Play (R) Updated: 21-Jul-10 18:00 ET 17:48 CLB Core Labs beats…

N.Y. Hikes Workers’ Comp Loss Costs 7.7% Effective in October

July 21, 2010

The New York State Insurance Department approved a 7.7% increase in loss costs for workers’ compensation, a change set to…

Aon to Accept Contingent Commissions Again

July 21, 2010

Insurance broker Aon Corp. has said it would accept contingent commissions “where appropriate and legally permissible.” While Aon is “committed…

Briefing.com: Hourly In Play (R) – 17:00 ET

July 21, 2010

Jul 21, 2010 (Briefing.com via COMTEX) — Hourly In Play (R) Updated: 21-Jul-10 17:00 ET 16:56 After-hours earnings movers of…

The Hanover Expands its Surety Business in the West Through Agreement With ICW Group Insurance

July 21, 2010

The Hanover Insurance Group, Inc. (NYSE:THG), a leading provider of property and casualty insurance, announced that it has closed on…

Steve Miller Succeeds Harvey Golub as AIG Board Chairman

July 21, 2010

American International Group, Inc. (AIG) announced that Robert S. (Steve) Miller has succeeded Harvey Golub as Chairman of the AIG…

NYMAGIC to be Acquired by ProSight Specialty Insurance

July 21, 2010

NYMAGIC, INC. (NYSE:NYM) announced that it has entered into a definitive agreement to be acquired by ProSight Specialty Insurance Holdings,…

Keystone Insurers Group Expands Kentucky Partners to 19

July 21, 2010

Keystone Insurers Group announced it has added two more franchisees to its expanding list of Kentucky partner agencies. Hall &…

Anthem Blue Cross and Blue Shield in Virginia Launches Initiative to Curb Avoidable Emergency Room Visits

July 21, 2010

RICHMOND, Va., July 21 At a time when health care costs continue to rise and hospitals are advertising emergency room availability, it is becoming more important to educate consumers on how to best access ER alternatives and receive the same care with less out-of-pocket cost.

William C. Fallon Named CEO of National Public Finance Guarantee Corporation; Thomas G. McLoughlin to Resign Position

July 21, 2010

National Public Finance Guarantee Corporation (National), an indirect subsidiary of MBIA Inc. (NYSE: MBI), announced that William C. Fallon has…

The Hartford Mutual Funds Reduces Fees on 36 Funds, including Institutional, Retirement and Retail Share Classes

July 21, 2010

The Hartford Mutual Funds announces permanent mutual fund expense reductions effective July 1, 2010. The changes impact 36 funds covering…

Ryan & Maniskas, LLP Announces Investigation of Hewitt Associates Inc.

July 21, 2010

Ryan & Maniskas, LLP (www.rmclasslaw.com/cases/hew) is investigating potential claims against the board of directors of Hewitt Associates Inc. (“Hewitt” or…

Markel to Acquire FirstComp

July 21, 2010

Markel Corporation (NYSE: MKL) and Aspen Holdings, Inc. (doing business as FirstComp) announced they have entered into a definitive agreement…

MainStay Investments Joins New York Life in Title Sponsorship of ‘Consuelo Mack WealthTrack’

July 21, 2010

Beginning this month, MainStay Investments, the advisor distribution arm of New York Life Investments and indirect subsidiary New York Life…

Gartner Says SAS 70 Is Not Proof of Security, Continuity or Privacy Compliance

July 21, 2010

By 2012, No Customers of Cloud Providers Will Accept SAS 70 Alone as Proof of Effective Security and Compliance STAMFORD,…

Farmers & Merchants State Bank Announces Completion of the Acquisition of the Hicksville Branch of First Place Bank

July 21, 2010

Farmers & Merchants State Bank (F&M) of Archbold, OH completed, today, the previously announced acquisition of the First Place Bank,…

Essent Raises $100 Million in Additional Capital; Company Issues First Mortgage Insurance Policies

July 21, 2010

Essent Guaranty, Inc., a mortgage insurer founded to provide private capital to America’s housing finance system, announced that its parent…

BluePhoenix Awarded $1.8 Million Modernization Contract with a US Federal Government Agency

July 21, 2010

BluePhoenix Solutions (NASDAQ: BPHX), the leader in value-driven legacy modernization, announced that it was awarded a CoolGen to Java migration…

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