Nuts & Bolts: Burns & Wilcox launched a new environmental program with ACE Westchester Specialty Group Environmental for environmental contractors and consultants. Westchester Specialty Group will provide coverage on an excess and surplus lines basis through Westchester Surplus Lines Insurance …
Nuts & Bolts: CNA updated its suite of management and professional liability products with the introduction of a stand-alone employment practices liability product. The new coverage, EPL Solutions, targets publicly traded commercial companies, financial institutions and financial service organizations. It …
Nuts & Bolts: AIG Excess Casualty, a division of American Home Assurance Company, part of American International Group Inc., introduced xsInResponse, a product that provides excess liability coverage for risks previously covered by an insurance carrier that is now insolvent. …
Nuts & Bolts: Merchants Insurance Group introduced a newly expanded Identity Recovery Coverage program for homeowners’ policyholders. The new coverage is designed to help victims of identity theft, clear their credit history and repair their identity records. It is available …
Some price hardening possible due to hurricanes; new opportunities seen in housing and health care markets Experts agree. The surplus lines market remains alive, healthy and stable. Few argue with the success of this niche-based market that has risen from …
Up and down the East coast, much of the most interesting local insurance news in 2005 took place in the courts of law and not in the court of public opinion. A New Jersey Supreme Court ruling allowing people who …
Maryland became the first state to pass legislation requiring retail giant Wal-Mart Stores Inc. to spend a minimum amount on health care for its employees or pay the difference in taxes as the Democrat-controlled legislature overrode a previous veto by …
Senate Democratic leaders in Hartford have come up with several proposals they say will make Connecticut more business friendly, including the merger of the insurance and banking departments to “better serve the mutual needs of these vital sectors and to …
Maryland Gov. Robert L. Ehrlich Jr., has selected R. Steven Orr to serve as Maryland Insurance Commissioner. He succeeds Alfred W. Redmer, who resigned in October 2005 to join the private sector. Orr, 53, most recently served as senior vice …
Hearings to decide rates for the homeowners’ insurance residual market in Massachusetts have been going on since November and will continue for several more months, according to officials. The three major parties–the residual market insurer Fair Plan, the State Rating …
