SURPLUS LINES MARKET
PRODUCERS’ NEW LIABILITIES PERSONAL LINES LOOK FINE 2006 looks even better
Ohio Insurance Deptartment amends financial regulation-related rules
The Ohio Department of Insurance recently filed revisions to several rules that could impact property and casualty insurance companies. The rules deal with solvency surveillance, acquisition or mergers, reinsurance terms and other items related to the ODI’s financial regulation of …
Seven tips for successful insurance process outsourcing
Outsourcing often receives a bad rap, with large corporations using it to reduce staff count, bureaucracy and overhead. However, for smaller companies such as small and medium sized insurance agencies, outsourcing can be a valuable, even critical tool to facilitate …
News Briefs
Health insurance plan: new option for low-income Kansas residents Low-income Kansas residents, who have not had health insurance for more than a year, may qualify for a new program that promises half-price premiums, Blue Cross and Blue Shield of Kansas …
News Currents
Kansas lawmakers push for tougher penalties for uninsured drivers Two tough bills to keep uninsured motorists off Kansas roadways will be on the agenda for consideration when the Kansas legislature convenes this January. The first bill promises to help the …
Business Moves
Brown & Brown, Axiom The acquisition of the assets of Axiom Intermediaries LLC of Stony Creek, N.C. has been completed by Brown & Brown Inc. of Daytona Beach, Fla. Axiom Intermediaries, with approximately $14.0 million in annualized revenues, is a …
News Currents
Zurich and Hellman & Friedman call off Universal Underwriters sale after regulatory issues surface Zurich Financial Services Group (Zurich) and affiliates of Hellman & Friedman LLC (H&F), a leading private equity investment firm, jointly announced that they have agreed not …
Minn. Gov. Issues Executive Order to Correct Medicare Glitches
Minnesota Governor Tim Pawlenty signed an emergency executive order this month authorizing the Minnesota Department of Human Services to help cover some costs for low-income residents struggling to get prescription drugs under a new Medicare plan, according to the Associated …
Claims Management
Insurers and property owners are finding that heat offers an effective alternative or adjunct to costly traditional demolition-based remediation and flood restoration. Heat treatment method offers options for relief efforts in coastal region For insurers facing extraordinary exposure from Hurricanes …
Case Law Watch
Allstate Insurance Company v. Reid (1st Cir. Nov. 30, 2005) Ruling: Coverage Not Available for Damage to Boat Towed by Insured. Defendant and his friend, May, were returning from a fishing trip. Defendant was towing May’s boat and trailer when …
