MarketScout announced that John Gaskill, a former executive at K&K, has joined MarketScout as senior vice president. While at K&K, Gaskill was responsible for managing the wholesale operations. He will be responsible for managing and growing MarketScout’s rapidly developing wholesale …
Louisiana state police say a New Orleans-based romance writer’s $1.8 million insurance claim for two diamond-encrusted bracelets was itself a romance: an extravagant story lacking basis in fact. Preposterous, says her attorney. Ruth L. Goodman—better known as Meagan McKinney, author …
The American Insurance Association (AIA) on Thursday said that North Dakota’s SB 2186 goes too far in regulating the use of loss history reports for homeowners insurance and plans to ask Gov. John Hoeven (R) to veto the legislation. “While …
An insurance trade association with responsibility for Oklahoma and Texas reported that the violent storm that struck Tulsa recently will cost tens of millions of dollars in insured losses. “The full extent of the damage will not be known until …
Boston-based OneBeacon Insurance, a wholly-owned subsidiary of White Mountains Insurance Group Ltd. will begin offering property/casualty insurance solutions to cultural institutions and owners of commercial real estate. Drew Carnase, senior vice president of Commercial Lines, said that the new programs …
Standard & Poor’s Ratings Services offered comments on Penn Treaty American Corp. (NYSE:PTA; ‘CCC-/Positive/–‘), PTA’s ‘CC’ rated 6.25% subordinated convertible notes due on Oct. 15, 2008, and PTA’s primary insurance operating subsidiary, Penn Treaty Network America Insurance Co. (B-/Positive/–). These …
The property/casualty industry’s frequently volatile underwriting cycle is back with a vengeance and will have no mercy this time around, Robert Hartwig, senior vice president and chief economist for the Insurance Information Institute (I.I.I.), told the Casualty Actuarial Society Ratemaking …
Pennsylvania-based Harleysville Group Inc. announced the appointment of Henry Jacobs as vice president of workers’ compensation underwriting. In this new position, he is responsible for directing Harleysville’s workers’ comp product line strategy and underwriting discipline. He will work closely with …
Mississippi homeowners began contacting their insurance companies after severe thunderstorms, spawning powerful tornadoes, pummeled Mississippi from top to bottom, destroying or damaging at least 75 homes and ripping away the roof of a high school. “April is Mississippi’s peak severe …
Standard & Poor’s Ratings Services named Houston-based HCC Insurance Holdings Inc. as the leader in surplus and specialty insurance lines, in a new report – “Peer Comparison: U.S. Surplus And Specialty Lines Insurers” – issued today, April 7. S&P said …
