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

Former Broker Convicted of Grand Theft

Alexander Silva, of Sylmar, Calif., a former insurance broker, pled guilty Oct. 22, 2004, to one count of grand theft. Silva was sentenced to 30 days in Los Angeles county jail, five years probation, and ordered to pay $25,806 in …

Auto Physical Damage

Nuts & Bolts: Victor O. Schinnerer and Co. has a new line of auto physical damage insurance coverage for vehicles such as trucks, buses, emergency vehicles, (including ambulances), fire trucks, police cars, and all types of mobile equipment. Single-unit and …

Workers’ Comp

Nuts & Bolts: Workforce Safety and Ins. (WSI) announced that North Dakota employers can now purchase a workers’ comp policy to cover their employees who work temporarily outside the state. In partnership with the Accident Fund Ins. Co. of America, …

High Value Homeowners

Nuts & Bolts: Abram Interstate Ins. Services Inc. is offering a new high valued homeowners policy. Extended replacement cost and replacement cost contents are automatically included. They offer flexible underwriting and protection classes 1-10 are acceptable. Homes eligible with at …

Roofer Associations

Nuts & Bolts: Coronado Insurance Wholesalers Services Inc. a new general liability program for roofer associations. Dollars: Limits of $1 million to $ 2 million available. Deductible is $5,000. Minimum premium is $10,000. Carrier: Pro-Builders Specialty Ins. Co., nonadmitted. State …

Aviation Products Liability

Nuts & Bolts: Response Aviation Insurance Services has a new program for repair shops. They will also consider engine shops, cylinder shops, propeller shops and non-critical product wholesalers or manufacturers. Dollars: Aviation products and completed operations up to $1 million. …

Pool Contractors

Nuts & Bolts: Lionheart Insurance added a new facility for swimming pool contractors. Dollars: Limits for general liability up to $1 million with a $1,000 deductible. Minimum premium is $3,500. Carrier: Rated “A,” admitted or nonadmitted depending on classification. State …

Trucking Program

Nuts & Bolts: Crump E&S of California Insurance Services Inc. announced a new trucking program. Coverage includes auto liability, physical damage and cargo. Dollars: Limits range from $750,000 to $1 million. Premiums and deductibles for cargo range from $500 to …

People & Places

Tom Weigley Portland, Ore.-based Heffernan Insurance Brokers announced the appointment of Tom Weigley as assistant vice president of its Portland office. Weigley will specialize in development of large accounts within the hospitality and trucking industries, with a focus on alternative …

Mercury Insurance Loses Appeal in Broker Fees Case

Mercury Insurance Company producers acting as brokers are considered agents and not brokers, and thus are not entitled to collect any broker fees, according to the California Court of Appeals’ ruling in Krumme v. Mercury Insurance Company. The Appeals court …