West Chester, Pa.-based Venture Insurance Programs named Joseph Dolce as executive vice president, and Mary Teter as senior vice president of underwriting of Venture’s National Accounts Division. As executive vice president, Dolce will oversee Venture’s National Accounts Division, which offers …
The Oscars may be over, but film producers are still on the job looking for new and better ways to create good movies. A new film producers’ risk policy from the Chubb Group of Insurance Cos. addresses the enormous advances …
Hastings Mutual Insurance Co. has earned a Financial Stability Rating (FSR) of A”, Unsurpassed, from the rating organization Demotech, Inc. According to Demotech, this level of FSR is assigned to insurers with unsurpassed financial stability related to maintaining positive surplus …
Boston Software has introduced SinglePoint, a new data-exchange system that makes it easy for independent agents to submit Massachusetts auto insurance applications to any carrier under the state’s revised system. SinglePoint creates a standard new-business-submission process that conforms to the …
A California Court of Appeals in the Second Appellate District has held that defendants are entitled to introduce evidence of a nonparty medical professional’s fault in aggravating a plaintiff’s injuries, and to seek a fault allocation against that professional, for …
Falling auto injury claim frequency and rising claim severity have created an unsettled auto injury claim environment countrywide, according to a new industry report. The report, Trends in Auto Injury Claims, 2008 Edition, from the Insurance Research Council (IRC), documents …
Wells Fargo Insurance Services, Inc., a bank-owned insurance brokerage and a subsidiary of Wells Fargo & Co., reports it has acquired St. Louis-based Insurance Brokers of America (IBA). IBA partners Robert Concannon, Irene Mitchell, Jack Rowe and Jack Engler are …
More than 40 percent of “likely” Florida voters polled in a recent survey describe the current property insurance market as a crisis, according to the Property Casualty Insurers Association of America. Neil Newhouse, of Public Opinion Strategies, conducted the survey …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and issuer credit ratings (ICR) of “a-” of GMAC Insurance Group (GMACI) and its sixteen members, led by Motors Insurance Corporation, under review with negative implications. Best …
California-based Cambridge General Agency is offering coverage for accidental downtime for commercial auto risks. This coverage is only available for vehicles with comprehensive and collision coverage. The accidental downtime coverage pays insureds for the time their vehicle is disabled because …
