Monthly Archives: <span>March 2007</span>

News Currents

N.J. high court rules first responders can sue negligent property owners The New Jersey Supreme Court ruled that when police and firefighters get hurt handling an emergency, they may sue and win compensation if negligence contributed to the injury. The …

8 Bronx tragedy a reminder on multi-family dwellings

Many buildings are crowded and not up to code 8 Carpooling parents in Conn. get a break DMV says no special driver’s license needed 10 N.J. court: public workers may sue negligent owners Ruling abolishes the “firefighter” rule 10 Conn. …

Declarations

Fed role “It is clear that the government has got to step in.” U.S. Rep. Barney Frank, D-Mass., chairman of the House Financial Services Committee, supporting a national program to backup private hurricane and flood insurance markets. Sponged-off “It is …

Firm has learned the art of tracking stolen masterpieces

The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …

Business Moves

Markel, Black/White Associates Markel Insurance Co. has agreed to acquire the social services program business of Black/White & Associates Insurance Brokers. The transaction is scheduled to close on April 1, 2007. Black/White’s Alameda, Calif., location will become a Markel underwriting …

My New Markets

Community Banks Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access …

People

Willis Group Holdings Limited has amended the employment agreement with Chairman and Chief Executive Officer Joseph J. Plumeri to extend its term for an additional year. The employment agreement, which was scheduled to expire Oct. 15, 2008, will now expire …

Three ways to bag more personal lines sales

The Post Office isn’t the only way to deliver insurance marketing materials. Inserts, e-mails, Web site downloads, and hand delivery are some of the other options that are available. The first three methods are regularly employed; the last is often …

More than just business

Insuring child welfare organizations offers opportunities, rewards and good business After spending most of her childhood and adolescent years growing up in foster care agencies, Rhonda Sciortino, a California independent insurance agent, felt she had to give back in the …

A.M. Best says commercial P/C outlook stable

Pricing remains rational for now despite increasing competition A.M. Best Co. has completed its assessment of the U.S. commercial market and revised the outlook to stable from negative for 2007. Although Best says there continues to be evidence of pricing …