January 30, 2003
Nuts & Bolts: PMC Insurance Group has available a program for workers’ compensation. Dollars: Policy limits are statutory. Minimum premiums of $5,000. Carrier: AIG, Kemper, Zurich, Crum & Forster, Hartford. Admitted market. States Available: All. Contact: Greg Malloy, (781) 449-7744119
January 30, 2003
Nuts & Bolts: Baldwin Sadler Corporation has a Truckers Occupational Accident program that provides truck owner-operators who are under lease to a motor carrier, the opportunity to purchase occupational accident and disability income insurance that may not be available under …
January 30, 2003
Nuts & Bolts: LIG Marine Managers is offering a mid-market WC/USL&H package program combining workers’ compensation and longshore (USL&H) coverages for accounts that have a minimum of 15 percent longshore payroll and have been in business for at least three …
January 30, 2003
Nuts & Bolts: Anderson & Murison Inc. has a program for general contractors doing commercial and apartments. No dwellings or condos. Blanket additional insured CG2010 11/85. Per project aggregate. Waver of subrogation. This is a brokerage business. Dollars: Policy limits …
January 30, 2003
Bermuda-based AXIS Capital Holdings Limited announced that its U.S. subsidiary has agreed to acquire the renewal rights to the D&O and related product lines written by Kemper’s Financial Insurance Solutions Group. In addition, John Kuhn, president of Financial Insurance Solutions, …
January 30, 2003
A.M. Best Co. announced that it has affirmed the financial strength rating of A (Excellent) of Canada’s Lawyers’ Professional Indemnity Company (LAWPRO®). “The rating reflects LAWPRO®’s profitable operating performance, strong capital position, effective management team, continued favorable loss reserve development, …
January 30, 2003
Lloyd’s Chairman, Lord Levene, speaking to the Association of Insurers and Risk Managers (AIRMIC) at the Institute of Directors in London, described Lloyd’s as “a beacon of certainty in an uncertain world.” With “economic turmoil and international tension” causing uncertainty, …
January 30, 2003
A reinsurance market review prepared by the London-based Benfield Group, one of the world’s leading independent reinsurance intermediaries, has concluded that “despite the massive tidal wave of new capital which has flooded into the reinsurance markets, it’s too little too …
January 30, 2003
Erie Indemnity Company announced that the previously announced secondary offering by Black Interests Limited Partnership of 3,000,000 shares of its class A common stock has been priced at $34.50 per share. “A majority of the proceeds of the shares being …
January 30, 2003
The Hospital Council of Western Pennsylvania (HCWP) applauded the remarks made by President Bush in his State of the Union address Tuesday night on medical malpractice reform, noting that it had pushed the issue into the national spotlight and made …