Monthly Archives: <span>February 2005</span>

High Value Homeowners

Nuts & Bolts: Walnut Creek, Calif.-based J.E. Brown and Associates is offering a new high value homeowner program called “Masterpiece.” Policies can include all risk with 200 percent replacement cost, valuable articles coverage, earthquake, umbrella, child abduction, home invasion, carjacking …

Health Care Transit

Nuts & Bolts: In conjunction with acquiring the book of business of The American Agency, a specialist in ambulance services, hospital fleets and paramedic-transit operations, THOMCO is offering three new programs: Ambulance Plus, Hospital Fleet Complete and Para-Transit Pro. Coverages …

Umbrella

Nuts & Bolts: Jeffrey L. Heath Inc., dba Heath XS, is offering umbrella coverage. Preferred risks include contractors, premise and OL&T. Dollars: Policy limit is $5 million with a minimum premium of $3,000. Carrier: ACE American Ins. Co. rated “A-XIV,” …

Management and Professional Liability

Nuts & Bolts: National Union Fire Ins. Co. of Pittsburgh, Pa., a member company of American International Group Inc., launched “PrivateRisk Protector,” a new management and professional liability portfolio of coverages designed to address the broad spectrum of exposures to …

People & Places

Jeannie Davila Encino, Calif.-based NAS Insurance Services has appointed Jeannie Davila as assistant vice president in charge of its new E&S Property Insurance facility. Davila brings 30 years of insurance experience to her new post. Previously, she was regional president …

AIA SAYS INCREASING IDAHO’S SPEED LIMIT IS DANGEROUS:

Increasing Idaho’s speed limit from 65 mph to 75 mph is dangerous public policy, according to the American Insurance Association. A bill (SB 1082) introduced by the Senate earlier in February will reportedly exact a terrible toll on Idaho’s citizens …

D&O RATES TO DECREASE EVEN MORE:

The start of 2004 was a testing time for the global D&O market, reports Willis’ Directors & Officers Index which asked participating insurers for their views about the past three and next three months. Results of the index revealed a …

ALLIANCE OFFERS FREE INFO SECURITY PROGRAM KITS TO MEMBERS:

The American Agents Alliance recently completed a year-long project to help their members comply with state and federal regulations concerning protecting client information. The project, culminating in an “Information Security Program” kit, is available free of charge to all Alliance …

INSURERS TO PAY $5.9M FOR LOST SOCAL AIRPORT REVENUE:

Officials with the city of Los Angeles announced that they reached a $5.9 million settlement with their insurers due to the Sept. 11, 2001 terrorist attacks, according to the Associated Press. The Federal Aviation Administration ordered that Los Angeles International …

U.S. P/C INSURERS CONTINUE TO BOOST LOSS RESERVES FOR OLD BUSINESS:

For U.S. property/casualty insurers, periodic glimpses of rising profitability have been overshadowed by relentless price-cutting, natural and man-made catastrophes, and claims inflation. Following an unprecedented surge in losses for terrorism, asbestos, and corporate liability, however, came new hope that firm …