Monthly Archives: <span>May 2008</span>

California Workers’ Comp Insurer Files for 3.5 Percent Rate Decrease

California State Compensation Insurance Fund announced it filed a July 1, 2008, revision to its rating plan, which it anticipates will result in a 3.5 percent reduction in collectible premium. While base rates will remain unchanged, State Fund has expanded …

Venbrook Insurance Services Makes Two Staff Appointments

Venbrook Insurance Services hired Dick Riddle as vice president of brokerage services. Based in Pennsylvania, Riddle brings more than 20 years experience in the insurance industry, having worked for both insurance companies as well as brokers. Riddle will oversee commercial …

Magee Joins Narragansett Bay Insurance as Underwriting Director

Narragansett Bay Insurance Co. has added Drew J. Magee as director of underwriting. With 25 years of experience in the insurance industry, Magee has worked as the chief operating officer and underwriting officer of The Church Insurance Co. of Vermont …

CGL Extends Coverage for Injury Arising from Defective Construction

Property damage resulting from defective construction is unquestionably excluded in the commercial general liability policy; but what about bodily injury? And is injury or damage caused by the growth and proliferation of mold covered because it is not excluded by …

Duering Retires from American E&S Insurance Brokers

After 40 years in the insurance industry, Vivien Duering will retire from American E&S Insurance Brokers on June 30. Duering has spent 22 years with American E&S, serving as broker, San Francisco property manager, and executive vice president. She focused …

Separate Good Lead Generation Services from the Bad

More and more agents are finding that traditional methods of lead generation are no longer effective. For this reason, they are turning to online lead generation services for help. But before you join them, you will want to make sure …

Anti-Bias Laws Cover Retaliation Claims, U.S. Supreme Court Rules

Employees who complain of racial bias in the workplace and then face retaliation can sue under a post-Civil War-era law barring discrimination, the U.S. Supreme Court ruled Tuesday. In a second similar decision, the high court ruled that a provision …

Eastern Insurance of Mass. to Buy Marshfield’s Anderson Agency

Eastern Insurance Group reported that it plans to acquire Marshfield, Mass.-based Anderson Insurance Services, Inc., an independent agency specializing in musical instrument insurance along with auto, life, home, boat, annuities and business insurance. Eastern Insurance Group is a subsidiary of …

California Proclaims State of Emergency for Santa Clara, Santa Cruz Fires

California Gov. Arnold Schwarzenegger issued a proclamation related to the Summit Fire after flames crossed into Santa Clara County. The Governor issued a similar proclamation on May 22, 2008, for Santa Cruz County. “I visited the Summit Fire Camp yesterday …

Ratings Roundup: Civic Assurance, Ballantyne Re

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of New Zealand Local Government Insurance Corporation Limited (Civic Assurance) with a stable outlook. “The rating affirmations reflect Civic Assurance’s solid risk-based …