Chicago-based wholesaler AVRECO has a new medical liability insurance market for borderline nonstandard physicians and surgeons. It’s geared toward doctors on their way to a standard market, but who haven’t quite arrived. While AVRECO will take on licensed physicians with …
EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of soul-searching and reassessment, they’ve chosen to …
Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can remember we have a period where none of the sectors that we follow currently has …
Steve Way Has Built Giant HCC Holdings Via Acquisitions and He’s Not Done Yet Managing general agents and program administrators have an admirer with deep pockets in Steven Way. Getting some of that money might be one reason for an …
Feb. 2005 United States Surety Company (HCC Surety) Nov. 2004 CineFinance (ASU) Sept. 2004 RA&MCO Insurance Services (RAMCO) Jan. 2004 American Contractors Indemnity (HCC Surety) July 2003 Continental Underwriters Ltd. (Continental) July 2003 Covenant Underwriters Ltd. (Covenant) Dec. 2002 St. …
A.M. Best Co. downgraded the financial strength rating to “B+” (very good) from “B++” (very good) of National American Insurance Co. of Chandler, Okla., and revised its outlook to negative from stable. Concurrently, Best assigned an issuer credit rating of …
Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild of Glenn Clark, owner and president of Wilmington, …
St. Paul Travelers launched “Quick Quote,” an online rating tool that provides quoting and binding capabilities for standalone equipment breakdown insurance. It provides new business equipment breakdown coverage quotes for small-to-medium-sized enterprises having fewer than 10 locations and individual location …
While many new insurance program ideas emerge from various sources, very few result in the actual formation of a program. It is generally only those that are well-thought-out, include substantive information, and are well-presented that have a good chance of …
Insurers’ appetite for targeted insurance programs still favors larger deals and shuns workers’ compensation risks, according to one expert’s analysis of conditions. Benfield Inc. Senior Vice President C. Douglas Bennett offered advice on the program insurance market from the perspective …
