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

Hospitality and Leisure

Nuts & Bolts: Zurich North America launched a new endorsement that combines coverages for limited service, full service and resort companies in the hospitality and leisure industries. It bundles a number of coverages typically available by separate endorsement including: building …

E&O for Broker-Dealers

Nuts & Bolts: CalSurance has enhanced its specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. It provides each broker-dealer with their own policy limits without sharing a master policy aggregate with other in-program broker-dealers. Features …

Doing the Right Thing Brings Rewards for SRA’s John Wood

Specialty Risk Associates, a managing general agency headquartered in Shreveport, La., has been on the move in the past several years–expanding beyond its Louisiana base into neighboring states–and has plans to increase its regional visibility even further in the coming …

People & Places

Debra Richardson The Citizens and Hanover Insurance Companies named Debra Richardson as regional vice president of The Hanover Insurance Company’s Texas region. In this capacity, Richardson will be responsible for all aspects of commercial lines underwriting, distribution, marketing and sales …

What do You Think?

Have you ever seen a performance of a piece of “music,” I think it’s by the modern composer Philip Glass, in which a chamber group comes on stage, sits down, and begins to mime the work–going through the motions of …

Keeping Retention Rates High in a Softening Market

The success or failure of any organization can be traced to customer retention. Agents and carriers who retain the most customers have greater long-term success and profitability than those who consistently lose clients. While many elements help keep retention rates …

EMERGENCY SERVICES ADVISES RESIDENTS TO BUY FLOOD INSURANCE

State flood maps are not entirely accurate according to the West Virginia Office of Emergency Services, therefore it has issued a warning to residents saying that they could live in a hazardous area without even knowing it. OES told residents …

SOUTH CAROLINA INSURANCE CO. INSOLVENT

South Carolina Insurance Co., part of the Columbia-based Seibels Bruce group, has been declared insolvent by state insurance regulators and will be liquidated. The company and its subsidiary, Consolidated American Insurance Co., has been closed by a court-appointed receiver called …

AUTO RATE HEARING SET IN SEPTEMBER

Insurance Commissioner Jim Long has announced plans for a hearing on auto insurance rates set for September. This announcement came after the North Carolina Rate Bureau, an independent organization that represents all auto insurance companies in the state, filed for …

GOV. BARBOUR EXPECTED TO SIGN HB 722

Mississippi House Bill 722, a measure to increase motorists’ liability insurance coverage from $5,000 to $25,000 has been sent by the House to Governor Haley Barbour for his signature. The bill would also increase from $10,000 to $25,000 the coverage …