California Insurance Commissioner John Garamendi announced March 21 that California State Compensation Insurance Fund would continue to provide workers’ compensation coverage for employers incapable of finding coverage elsewhere per his command to State Fund president Dianne Oki on March 19. …
Irvine, Calif.-based Superior Access Insurance Services Inc. recently announced that they are expanding their personal umbrella programs with two new carriers – both are rated “A (Excellent) ” by A.M. Best. One program offers limits from $500,000 – $2 million …
Zenith National Insurance Corp. announced that it has closed a private offering of $125.0 million aggregate principal amount of its 5.75 percent convertible senior notes due 2023, which includes $15.0 million issued pursuant to an over-allotment option granted to the …
Responding to numerous inquiries concerning the availability of workers’ compensation insurance from the California State Compensation Insurance Fund (SCIF), Insurance Commissioner John Garamendi, backed by legislative leadership, reiterated his direction to SCIF management that it will continue providing coverage for …
The McIntyre Group announced the posting of their new company Website, www.mcintyre-group.com. The site features a flash introduction and contains over 30 pages of information about the agency and its services. President Anthony McIntyre pointed out, “In today’s competitive marketplace, …
The Professional Insurance Agents of Connecticut Inc. presented Nicholas A. Fanelli, CLU, CPCU, CIC, owner and president of Raynard & Peirce Inc. in Canaan, with its Committee Chairperson of the Year award during the association’s annual convention held at Foxwoods …
The Alliance of American Insurers and the Coalition for Auto Insurance Competition both hailed the passage by the full New Jersey Senate, by a vote of 30-4-7, of legislation aimed at reforming what the Alliance called “New Jersey’s long-suffering automobile …
Maryland Insurance Commissioner Steven B. Larsen announced that insurance companies may not exclude coverage for liability arising out of toxic mold in either Personal or Commercial lines Liability Coverage; however, the announcement indicated that “they may limit coverage for liability …
Brian Duperreault, Chairman and CEO of Bermuda-based ACE Limited announced that Robert A. Blee, currently Chief Accounting Officer, will assume the newly-created position of Chief Compliance Officer, which will include responsibility for monitoring and enhancing ACE’s internal controls on a …
Following a regularly scheduled meeting the Board of Directors of Transatlantic Reinsurance Company, a subsidiary of Transatlantic Holdings, Inc., announced that the following officers have been elected to the positions indicated: New York: Suzanne Spantidos – Senior Vice President James …
