International Catastrophe Insurance Managers LLC (ICAT) and Lantana Insurance Ltd., a member of the Glencoe Group of Companies, have launched a commercial Builder’s Risk catastrophe product to be written on a surplus lines basis in Texas, Louisiana, Mississippi, Alabama, Florida …
Esurance, a direct-to-consumer auto insurance company, has given approximately $25,000 through its charitable matching program in 2005. The company’s charitable matching program has been in place for more than four years. In 2005, the company also gave associates time off …
Colorado officials have ditched another troubled computer contract, this time canceling a deal for a system to manage unemployment insurance. The state and contractor Accenture LLP reached an agreement Tuesday not to sue each other over the contract. Accenture also …
With Christmas quickly approaching, millions of Americans are preparing to celebrate time-honored traditions including caroling, tree-trimming, and leaving cookies and milk out for Santa. But in today’s era of frivolous lawsuits, serving baked goods to the jolly old fat man …
Michigan’s Insurance Commissioner Linda Watters is prohibiting auto insurers from setting limits on the amount of time people can sue for benefits. Watters, who heads the Office of Financial and Insurance Services, announced Wednesday that she has issued an order …
Insurance House of Marietta, Ga. has opened a new Durham, N.C. office for Deering & Assoc., its wholly-owned subsidiary. The move more than doubles the size of the original office. Personal lines will be managed from the company’s Winston-Salem, N.C. …
W. R. Berkley Corporation has named Robert C. Hewitt and Peter L. Kamford as senior vice presidents in its specialty segment, and Robert D. Stone as senior vice president of its alternative markets segment. Hewitt will serve as senior vice …
Two courts in Michigan have ruled that the insurer of a truck must pay $18,000 for damage caused to a small airplane that crashed after clipping the truck as the pilot tried to land in a grassy airfield. The truck …
A.M. Best Co. announced that it has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of XL Capital Ltd’s operating subsidiaries. Best also assigned a debt rating of “a-” to $745 …
Hiscox Plc, the U.K.-based specialty and Lloyd’s insurer, has issued a warning to music lovers that they could face a “double whammy” if their portable player is lost or stolen. They could lose not only the iPod or MP3, but …
