Monthly Archives: <span>January 2004</span>

E&S Directory Packs a Punch

Here it is, folks. Your baby. The book that will be close to your heart for the next six months — the Insurance Journal E&S Directory, Volume 1. Any excess and surplus market your heart could desire, from abuse and …

Leaving a Lasting Legacy

Education benefits the next generation of insurance consumers. During my 34-year tenure in the insurance industry, I cannot count the number of times I’ve heard, “Don’t they understand?” It’s often a rhetorical question, uttered during discussions among insurance professionals, and …

Largest U.S. City and Home to Thousands of Fallen Heroes

The United States Census Bureau’s Census 2000 estimated the population of the State of New York at 18,976,457. Approximately 79 percent of the adult residents had graduated from high school and about 27 percent had earned a bachelor’s degree or …

The Case for Group Legal: Now More Than Ever

To say today’s human resource managers are getting the squeeze is the understatement of the year. They are forced to do more with less, yet at the same time, they need to provide more options. In a recent study conducted …

The Strange Saga of Near North National Group’s Michael Segal

Powerful Friends, Enemy Insiders and Embezzlement Charges We are destroyed as of today,” Michael Segal, owner of Chicago-based Near North National Group, told me several weeks ago in his 20th-floor office in the John Hancock Tower. The group’s subsidiary, Near …

Natural Disasters More Severe and More Costly

According to a recently released report from Munich Re, fatalities caused by natural catastrophes were up 450 percent in 2003, while insured losses reached $15 billion. More ominous was the reinsurer’s conclusion that economic and insured losses would continue to …

Builders Risk Market

Nuts & Bolts: International E&S Insurance Brokers Inc. is offering a market for Builders Risk. Coverage includes all risks of direct physical loss or damage, including earthquake and flood. All types of construction are eligible, including wood frame. Dollars: Policy …

Internet Liability

Nuts & Bolts: Euclid Managers LLC is offering a market for Internet liability. Coverage is for the small and mid-sized cyber risk companies. These products are customizable featuring the option to add additional covered services directly on the policy forms. …

MAINE SNOWMOBILE LEGISLATIVE BILL:

In Maine, the Legislature gave final approval for an insurance reform bill that will allow private clubs to continue grooming the state’s 15,000-mile network of snowmobile trails. Gov. John Baldacci planned to waste no time in signing off. The bill, …

MAINE PUBLISHES INSURANCE REPORT:

Maine’s Superintendent of Insurance, Alessandro Iuppa, announced that the Bureau of Insurance has published a report, as mandated by the governor and the legislature last May, which concludes that the state’s residents are finding it difficult to obtain coverage in …