The owner of a Tallahassee, Fla., pool construction business has been charged with workers’ compensation fraud and presenting a fake certificate of insurance. Wilbur Sellars, owner of Pro Pools Inc., surrendered to the charges and was arrested by investigators with …
Georgia Insurance Commissioner John Oxendine has ordered Global Bonding, Millennium Bonding Enterprises, Robert Joe Hanson and Reve M. Pete to stop transacting surety insurance business in Georgia. Oxendine said his office has no record of these companies or individuals being …
The U.S. Census Bureau’s 2000 census estimated the population of the State of Florida at 15.9 million. About 80 percent of the adult residents had graduated from high school and about 22 percent had earned a bachelor’s degree. The city …
Nuts & Bolts: Indemnity Excess & Surplus Agency has a market for umbrella/excess. For applicants with sales under $55 million. Targets: real estate management, OLT, restaurants, hotels, apartment complexes, trade contractors, golf courses, self storage facilities, light manufacturing, wholesale distributors. …
Nuts & Bolts: Helix Insurance has a market for healthcare environmental liability. Dollars: $1 million per claim/$5 million aggregate. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of $2,000. Carrier: USF Insurance Co., “A”-rated. Non-admitted market. States Available: Alabama, Arkansas, …
Nuts & Bolts: CEIS Ltd. (Construction Equipment Insurance Services) announced a new “in-house” underwriting and binding facility for cranes and related construction equipment. CEIS provides an all-risks contractors equipment floater with an option to include riggers coverage. Boom and overload …
Nuts & Bolts: AmTrust North America is offering a workers’ compensation market. Dollars: Minimum premium of $500. No deductibles. Carrier: Rated “A-.” Technology Insurance Co., Rochdale Insurance Co. Admitted market. States Available: Alabama, Arizona, Arkansas, Georgia, Illinois, Indiana, Kansas, Missouri, …
Fitch Ratings has assigned a ‘BBB’ long-term rating to RLI Corp. and a ‘BBB’ rating to RLI’s 5.95 percent senior unsecured notes due 2014. In addition, Fitch has assigned ‘A’ financial strength ratings to RLI’s subsidiaries, RLI Insurance Co. and …
Georgia Insurance Commissioner John Oxendine has seen a number of changes in his department in his nine years in office. With three years left to serve, Oxendine hopes to see even more improvement as the department reaches out to both …
U.S. Sens. Bill Frist and Lamar Alexander, both Tennessee Republicans, recently announced the Federal Emergency Management Agency (FEMA) has approved two grants totaling more than $6 million to pay for electric utility system repairs resulting from the severe storms and …
