The Boston- area public transit agency, the Masssachusetts Bay Transit Authority, has renewed its terrorism insurance designed to reimburse the transportation agency in the event a major terror attack. The policy includes a $350,000 deductible and would cover up to …
A doctor has accused St. Mary’s Hospital in Waterbury, Conn. of bias for its refusal to extend health insurance to his civil-union partner. Dr. Alan J. Couture, 36, an emergency physician at St. Mary’s for eight years, filed a complaint …
Insurers writing monoline farm policies and incidental professional liability coverage may face additional work to clarify coverage for their insureds under the federal terrorism reinsurance program. Officials of the U.S. Treasury Dept., which administers the program, recently offered clarifications regarding …
President/ Office Sales Accounting Personal Commercial Marketing Agency Total P/C Premium Volume CEO Manager Manager Manager Lines Mgr. Lines Mgr. Manager Revenue 2005 Average Salary $93,468 $36,577 $57,438 $35,200 $38,760 $41,250 $40,500 $367,373 Average Salary $106,372 $45,165 $61,219 $42,295 $33,887 …
Insolvencies have left numerous corporations with uncollectible excess casualty claims and no recourse but to pay these large claims out of company coffers. What happens when the excess carrier goes under To avoid high cost of insurer insolvencies, buyers can …
Viruses and worms cost the most, accounting for $12 million of the $32 million in total losses. FBI: 64% of firms suffer loss due to cyber incidents The FBI reports that 9 out of 10 organizations in the country are …
Last year was not a big year for raises in independent insurance agencies as salaries in many agencies across the county stayed right where they were in 2004. Producer commission rates stayed the same also. More than 1,000 insurance agency …
Risk models show industry burden under TRIA The extension of the federal Terrorism Risk Insurance Act represents solvency protection in extreme events but is not an industry subsidy, according to risk modeling experts at Risk Management Solutions and AIR Worldwide …
Agency value and price-what sellers can expect to put in their pocket Today there is constant attention by those asking agency owners to think about selling or merging with them, so the owner can pursue his or her hopes, dreams …
Directors and officers liability insurance capacity leveled off at about $1.5 billion in 2005, about where it was in 2004, while coverage restrictions continued to ease, according to D&O Liability 2005 Survey conducted by the Tillinghast business of Towers Perrin. …
