Despite submitting separate settlement offers to a federal judge in Manhattan, Swiss Re and World Trade Center developer Larry Silverstein have yet to come to an agreement over the amount of compensation insurers and reinsurers owe after the Sept. 11 …
Even though the next Texas legislative session is still months away, lobbying organizations with ties to insurance are polishing their strategies for influencing state lawmakers. Last month, the Austin American Statesman reported that a new insurers’ group had sprung up, …
Texas Governor Rick Perry and Attorney General John Cornyn announced that his office filed suit against Farmers Group Inc., the state’s second largest homeowners insurer, Aug. 5 for allegedly charging unnecessarily high rates for homeowners coverage, and for deceptive and …
Nuts & Bolts: XL Environmental Inc. is offering its fixed-cost environmental remediation policy on a surplus basis. Dollars: Limits are typically twice the projected cost of cleanup. For XL’s environmental remediation policy, premiums are generally 5 to 10 percent of …
Nuts & Bolts: The Chubb Group of Insurance Companies has launched a new errors and omissions (E&O) liability insurance policy that can be tailored to meet the needs of small- to large-sized information and network technology companies. INTegrity by Chubb …
Nuts & Bolts: Dollars: Limits will be up to $1 million for the third party liability cover and up to $75,000 for first party damage. Carrier: Underwritten by Ace Global Markets States Available: All Contact: Safeonline Broker Support Center, (866) …
Nuts & Bolts: Bridgefield Casualty Insurance Company of Baton Rouge, La., is offering a Commercial Package Policy (CPP) to employers in Mississippi and Alabama. Bridgefield Casualty is a subsidiary of Summit Holdings Southeast Inc. The Commercial Package Policy (CPP) offers …
Nuts & Bolts: Cascade/Amstar is offering a program for warehousemen’s legal liability. Required are a warehouseman’s application, loss runs and bill of lading. Endorsements—inland marine form. Call for appointment. Dollars: Policy limits of $1,000,000. Deductibles starting at $5,000. Minimum premiums …
Nuts & Bolts: Arrowhead Wholesale Brokerage has available a program for BOP. Available for property/casualty, professional (specific class), EPLI and umbrella. Appointment only. Dollars: $3 million property per location; $5 million liability. Deductibles of $500-$10,000. Minimum premiums of $350. Carrier: …
Nuts & Bolts: Cascade/Amstar is offering a program for swimming pool contractors. Owners and contractors protective is allowed. Endorsements—Contractors application CSL 7012. Call for appointment. Dollars: Policy limits of $1 mil per occ./$2 mil agg. Deductibles of $1,000 for sales …
