As Abbott and Costello famously observed, “Who’s on First?” A new report from independent insurance intermediary Benfield concludes that despite “ample capacity and signs of resurgent competition, the reinsurance market generally maintained underwriting discipline during the 2003-2004 renewal season.” On …
North Carolina Insurance Commissioner Jim Long recently set aside some time to talk with Insurance Journal Southeast regarding some of the issues impacting the state. A native of Burlington, N.C., Long was first elected to his current statewide post in …
Nuts & Bolts: Arrowhead Managed Insurance Programs is offering a new market for general contractors liability Dollars: Minimum deductible SIR of $10,000. Minimum premium, $50,000, policy limits: $2 million to $5 million. Carrier: American Safety Indemnity Company, rated “A 7.” …
Nuts & Bolts: Travelers Property Casualty Corp. is offering a new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their account holders or customers, or use as an …
Nuts & Bolts: Essex Insurance Company, a division of Markel Group, is offering a new market for specialty marine products, especially hard to place risks. Dollars: Deductibles of $1,000. Minimum premium, $500; policy limits, $5 million. Carrier: Essex Insurance Company, …
Nuts & Bolts: Chubb/Axiom has a new market for specialty marine and pleasure crafts. Dollars: Deductibles of $1,000. Minimum premium, $2,500; policy limits, $10 million. Carrier: Chubb Insurance Co., rated “A++.” States Available: All. Contact: Scott Morgan, (949) 955-7105
Nuts & Bolts: NIF Group Inc. has a new market for public entities including pools and trusts, special districts and schools. Dollars: Policy limits to $5 million. Deductibles: $100,000 SIR, $350,000 SIR for workers’ comp. Min. prem.: $200,000. Carrier: Great …
The South Carolina Senate Banking and Insurance Committee recently approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance rates. SB 686, as amended, would institute an initial flex-rating approach …
With the Alabama Insurance Guaranty Association (AIGA) facing unprecedented budgetary shortfalls, the state’s employers and injured workers could reportedly be left with unpaid claims in the event of insurer insolvencies unless the fund can increase assessments on insurers writing comp …
Insurance Commissioner George Dale announced that the Mississippi State Rating Bureau has upgraded the public fire protection facilities of the Tippah County Industrial Park Fire Protection District in Tippah County. “Upgraded fire classifications mean better quality fire protection in that …
