Perhaps like you, I have been fascinated by the press coverage our industry has received lately–probably more individual stories in prominent newspapers than at any other point in the last 25 years, all thanks to the lawsuit New York Attorney …
All Agencies Can Benefit From a Paperless Environment Many independent insurance agents and brokers are used to the concept of paperless processing, since most of the insurance companies they represent utilize imaging and content-management technology. For these carriers, paperless processing …
Nuts & Bolts: The AIG Cos. launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical attacks. The portfolio introduces LexBioChem Shield, a new biochemical terrorism endorsement …
Nuts & Bolts: Chicago-based wholesaler Noodle Specialty Brokers has made available surplus lines liability products from a nonadmitted carrier rated “A+ XV.” The products are available via appointed wholesalers in 17 states and the District of Columbia, and are geared …
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 …
Nuts & Bolts: Victor O. Schinnerer and Co. has a new line of crime insurance for all types of public entities. The policy offers protection against the most common fidelity threats, including losses due to employee dishonesty, credit card forgery, …
Nuts & Bolts: St. Paul Travelers has enhanced their museum coverage form for U.S.-domiciled cultural establishments. Developed specifically to insure museum collections, the policy protects works held by cultural institutions at their locations, on exhibition, or on loan to other …
Nuts & Bolts: The Chubb Group of Insurance Cos. is now offering a package of eight key coverages tailored to the needs of small businesses with enhancements to Chubb’s ForeFront Portfolio. The changes include a lower minimum employment practices deductible …
New York Attorney General Eliot Spitzer’s style of attacking an industry and then settling for money doesn’t sit well with at least one of the country’s insurance commissioners. Lawrence Mirel, insurance commissioner for the District of Columbia, is critical of …
The Illinois Division of Insurance announced it is asking for help from Illinois consumers who have concerns about their business dealings with insurance brokerage firms, in light of the Marsh allegations. This information will be used in a widening investigation …
