The Louisiana Department of Insurance closed the operations of a Metairie insurance agent on accusations of forgery and misappropriation of insurance premiums. It was the third such shutdown of an agent’s insurance operation in four days, according to Insurance Commissioner …
The Republic Group of Insurance Companies (Republic), of Dallas, announced that a private investor group has agreed to purchase Republic from Winterthur U.S. Holdings Inc. and certain other subsidiaries of Credit Suisse Group (Winterthur) for $127 million in cash. Founded …
When 53 Democratic representatives from the Texas House went missing in action on May 12 they not only eliminated the possibility of a vote on the controversial redistricting bill they were protesting, they also placed on hold all other bills …
Nuts & Bolts: Union General is offering coverage for common area exposure for homeowners associations. Pricing is on a per unit basis. Coverage is available for tennis courts, basketball courts, baseball diamonds, lakes, bathing beaches, boat docks/slips, club houses, playgrounds, …
Nuts & Bolts: CEIS Ltd., a member of the Curley Insurance Group, has introduced a new program for Inland Marine for the construction and equipment dealer industry. The program offers several unique coverages such as Rental Reimbursement, Flood and Quake …
Nuts & Bolts: NAS Insurance Services is offering a program for abuse/molestation legal expense insurance. The program provides reimbursement to most religious, educational and service organizations for their legal expenses incurred defending suits alleging abuse or molestation of students, patients …
In an increasingly wired business environment, property/casualty insurers and agents face enormous challenges-shrinking profit margins, new business acquisition and retention costs, and changing customer expectations, among others. Confronted with new marketplace and distribution demands, the industry is exploring emerging technologies …
With California’s workers’ compensation market in a tailspin, Sacramento’s legislators, the governor and the state insurance commissioner are pulling out all the stops to repair a system that’s spiraling out of control. They face a tall order, but if the …
In an effort to deliver more insurance news to the industry, Insurance Journal is going on the road to interview industry figures and report from various conferences. Mitch Dunford, executive vice president, noted, “What we’re trying to do is use …
Nuts & Bolts: Navigators Pro, a division of Navigators Management Company, Inc. has a program available for directors and officers liability. Endorsements – IDL InNAVation Coverage for Independent Directors. This is a brokerage business. Dollars: Policy limits of $5,000,000; deductibles …
