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

Bermuda Donates $500,000 to Caribbean Cat Risk Insurance Facility

A bulletin from the Caribbean Catastrophe Risk Insurance Facility (CCRIF) notes that as of the beginning of the 2008 Atlantic Hurricane season, all sixteen original member governments “have signaled their continued support by renewing their 2008 policies.” In addition the …

International Energy Agency Urges $45 trillion ‘Energy Revolution’ to Halve CO2

World governments must quickly start a $45 trillion “energy technology revolution” that could drive up the cost of producing carbon ten-fold, or risk emissions surging by 2050, the West’s energy watchdog warned on Friday. The world would need to build …

Fireman’s Fund Offers Green Auto Insurance for Commercial Fleets

Fireman’s Fund Insurance Co. has introduced new vehicle replacement coverage for commercial fleets – insuring the full replacement cost of vehicles that are total losses for up to their first three model years. In addition, a hybrid upgrade endorsement is …

California Lawmakers Address Disaster Response, Automative Repair, and More

California lawmakers recently approved several insurance-related bills, addressing such topics as disaster response and automative repair following a crash. Following is a summary of recent legislation, as provided by the Association of California Insurance Companies. Assembly Floor AB 1848 (Ma) …

California Launches Workers’ Comp Enforcement Program

The California Department of Industrial Relations has launched an Insurance Coverage Program, an enforcement program designed to identify and target employers who fail to carry workers’ compensation insurance. DIR Director John C. Duncan said the program will help DIR “to …

Montana State Fund Launches Young Worker Safety Campaign

Nearly 1,000 young Montana workers ages16 to 24 year old are injured on-the-job each year, according to the Montana State Fund. The state workers’ compensation insurer’s statistics show that that same age group makes up just 17 percent of the …

American E&S Appoints Broker in Irvine, California

American E&S Insurance Brokers named James Lassiter a professional and financial lines broker. He will be working in the Irvine, Calif., branch. Lassiter has spent nearly 15 years in the insurance industry, specializing in professional, financial, and management liability, including …

U.S. Risk Relocates Lighthouse Programs; Mordarski Named Manager

U.S. Risk Underwriters, a subsidiary of U.S. Risk Insurance Group, Inc., will relocate four programs currently operated by the U.S. Risk subsidiary, Lighthouse Underwriters. The programs – ElderCare, StaffPak, PLPros and TAKE 1 – will be relocated to U.S. Risk …

Work to Resume at NYC Tower After Falling-Steel Mishap

New York City is letting interior construction resume at Goldman Sachs’ new headquarters, where a hunk of steel plunged 18 stories onto a ball field during Little League games last month. Although no one was hurt, the May 17 mishap …

Tips for Choosing an Insurance Lead Service

Choosing the right insurance leads service may be the best thing that you ever do as an agent. If you are doing business with the right type of service, you are sure to have a better chance of success. On …