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

Liability for Small to Mid-Size Businesses

Nuts & Bolts: E.L.M. Insurance Brokers Inc. has a professional liability suite of products for small to mid-size businesses that includes liability coverage for employment practices, directors and officers, entity (optional) and fiduciary. The preferred classes are business-to-business services, clothing …

Commercial Auto Program

Nuts & Bolts: Cascade/Amstar is offering a commercial auto program for any size truck. Dollars: $500 minimum deductible for liability, $250 minimum for physical damage. Policy limits of up to $1 million CSL. Carrier: Rated “A-.” Admitted. States Available: California. …

GL for Contractors/Roofers

Nuts & Bolts: American Pacific General Agency is offering general liability for contractors and roofers. Dollars: Deductibles of $3,500. Minimum premiums of $6,500 for contractors and $10,000 for roofers. Policy limits of $1 million to $2million. Carrier: BCIC, non-rated, non-admitted. …

Small Business BOP

Nuts & Bolts: Superior Access Insurance Services Inc., has a new small business BOP designed for office, retail, wholesale, service and high-tech classes of business. Businesses must have less than $5 million in annual revenue for each individual location, except …

Trade Show Exhibitors and Concessionaires

Nuts & Bolts: Abacus Insurance has available online a market for trade show exhibitors and concessionaires. Brokers quote and bind online in real-time. Coverage lines include general liability and third party property damage. Dollars: Liability limits up to $5 million …

Special Events

Nuts & Bolts: Abacus Insurance has available online a market for over 150 classes of special events. Brokers quote and bind online in real-time. Coverage lines include general liability, liquor liability, rented equipment, non-owned auto and third party property damage. …

CALIF. SEES REDUCTIONS IN WC RATE FILINGS

Insurance Commissioner John Garamendi announced that workers’ compensation pure premium rates filed by insurers to date are below current rates by an average 3.6 percent, a “clear sign” that the historic reforms signed into law in September will result in …

CALIF. FUND SEEKS RATE DECREASE

State Compensation Insurance Fund—California’s largest workers’ compensation insurance carrier—has filed for an average 2.9 percent rate decrease effective Jan. 1, 2004. The decrease is within the range recommended by the Workers’ Compensation Insurance Rating Bureau on Nov. 3, 2003. The …

PAULA FINANCIAL REFINANCES DEBT

Pasadena-based PAULA Financial announced it has completed the refinancing of its outstanding debt balance of $1.8 million. The company said the new credit facility represents a significant improvement in both interest rate and principal repayment terms, and provides for the …

ALASKA PRIVACY REGS. TROUBLE ALLIANCE

The regulations proposed by the Alaska Division of Insurance regarding privacy of consumer financial and health information, while improved from the original proposal, are still not in sync with state law, according to the Alliance of American Insurers. Rey Becker, …