Fitch Ratings said Monday it expects Hurricane Rita will represent a material loss to the insurance industry and will create further strain on insurers’ claims-adjusting resources. However, Fitch does not expect any significant insurer insolvencies as a result of the …
San Antonio – Trident Insurance Services, LLC, a wholly owned subsidiary of Argonaut Group, Inc. (NASDAQ: AGII) announced at the annual National Association of Professional Surplus Lines Offices, Ltd. (NAPSLO) convention that it has extended its Identity Recovery Coverage to …
Builders & Tradesmen’s Insurance Services has launched its National Course of Construction/Builders Risk program in the following states: California, Arizona, Oregon, New Mexico, Idaho, Utah, and Washington. The Program can be accessed at www.cocins.com “The program is designed with ease …
In 2004, after growing significantly for three consecutive calendar years, direct premium volume for the surplus lines industry remained relatively flat, according to a special report released by A.M. Best Co. The considerable growth had been a reflection of the …
Marshall Leicht, president of the Texas Surplus Lines Association, announced that the association’s 2005 Annual Meeting is being held Nov. 6-7 at the Four Seasons Hotel in Austin, Texas. Speakers and topics scheduled are: –E&O Prevention: Roy Phillips, King Phillips …
Lighthouse Underwriters LLC (www.lighthouseunderwriters.com), a program underwriting company that works with select industry groups, has expanded its ElderCare program with an assisted living package in Texas. The package includes combined General Liability/Professional Liability, Automobile and Excess coverage for assisted living …
A former Bartlesville, Okla., firefighter who is a member of the Bartlesville Professional Firefighters Association is accused of embezzling $166,653 from the firefighters insurance fund, the Associated Press reported. Lloyd Douglas Lay, 39, was arrested on 35 complaints of forgery, …
A new, expanded database to track vehicles flooded by Hurricane Katrina has been set up to prevent them from turning up on used car lots around the country, the Associated Press and New Orleans Times-Picayune reported. While the National Insurance …
The Texas Department of Insurance Division of Workers’ Compensation (DWC) will reopen some of its field offices on Sept. 26 as local areas clean up from Hurricane Rita. Other field offices will remain closed until at least mid-week. The following …
State Farm Insurance policyholders in Louisiana who received $2,500 checks to help with living expenses following Hurricane Katrina will not be required to document how they spent the money, according to the Associated Press and the New Orleans Times-Picayune. “It’s …
