Brown & Brown Inc. said its subsidiary, Brown & Brown of South Carolina Inc. has acquired Charleston, S.C.-based insurance broker Commonwealth Insurance Group, LLC.
Insured losses for the United States in June totaled about $200 million due to hail and flooding in the Northern Plains and tornado damage in the Midwest and Ohio Valley, Aon Benfield said.
Property and casualty insurance trade groups are voicing general support for financial services reform legislation as passed by the House, especially because it preserves state regulation of insurance.
Insureds victimized by the Deepwater Horizon disaster are being warned that some carriers are planning to enforce contract provisions that they be notified of losses by July 8, according to Marsh.