USI Insurance Services announced theacquisition of Alexander & Associates InsuranceServices, LLC. Alexander & Associates will joinUSI's El Paso, Texas, office. Alexander & Associates president,J. D. Alexander said that by combining their P&C practice withUSI, clients will be able to benefit from an expanded suite ofproducts and services.

Chubb Corporation has canceled its July 23conference call to discuss second quarter 2015 financial results,following its July 1 announcement of the proposed acquisition ofThe Chubb Corporation by Ace Limited. Chubbconfirmed its intention to issue a press release reporting itssecond quarter 2015 results after the market closes on July 23.

The Massachusetts Division of Insurance hasapproved overall rate increases for the largest insurance companiesby approximately 9%. This could increase the state's averagepremium of $1,150 by $100. Mapfre USA Corp. will increase rates byan average of 8.9% as of August 1, a sharp spike from last year's2.3%. Daniel McCabe, Mapfre's vice president for New England, saidthat claims resulting from unprecedented events relating to thewinter weather have negatively impacted the insurance industry.

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Trudy Knockless

Trudy Knockless is a reporter on ALM Media's Business of Law desk.  She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.