As the number of Americans renting homes increases with the current housing foreclosure crisis, a survey by Allstate finds most renters are inadequately prepared to protect their belongings. While homeowners coverage is required as a part of most mortgages, renters …
Access E&S Insurance Services of La Mesa, Calif., has named Mike Menegus senior broker, responsible for bringing in new agents and new business with an emphasis on professional lines including errors and omissions, medical malpractice, directors’ and officers, employment practices …
Conduit Insurance Services of Irvine, Calif., has a new residential wrap market – “mini-wrap” available in California, Arizona and Nevada. The program is designed for smaller single-family and multi-family residential projects. One of the key features is it includes coverage …
Insurance Specialty Group LLC has completed its acquisition and merger with E.L.M. Insurance Brokers Inc. of El Segundo, Calif. The company said the combined company will be a “$150 million marketing powerhouse” with10 offices throughout the United States. This acquisition …
The assets of Advanced Insurance Concepts, Inc. , of Bensalem, Pennsylvania, has been acquired by a subsidiary of Florida-based Brown & Brown, Inc. Advanced Insurance Concepts, with annual revenues of approximately $2 million, is a general agency that specializes in …
In a report issued Aug. 17, ReAdvisory, a modeling and risk assessment service of reinsurer Carvill America Inc., said Tropical Storm Fay became the sixth named storm of the 2008 hurricane season early on the evening of Aug. 15. Fay …
Florida Chief Financial Officer and State Fire Marshal Alex Sink urged Floridians to continue to monitor and prepare for Tropical Storm Fay including taking the necessary financial and fire safety precautions to weather the storm with the help of a …
Following a brief retirement, Joe Hudgins, formerly vice president of Underwriting for ALFA Alliance Insurance Co., will join the staff of the Independent Insurance Agents of Virginia as the association’s new vice president of Industry Relations. Hudgins, with over 38 …
More than half of homeowners say they know very little about their home insurance policies and coverages, according to a survey by HomeInsurance.com. Some 54 percent of all homeowners surveyed admitted to knowing, “not much at all” about their homeowners …
The U.S. insurance industry’s exposure to securities issued by Fannie Mae and Freddie Mac, two government-sponsored enterprises (GSEs) that aid liquidity in the mortgage market, is substantial for a handful of companies. Nevertheless, A.M. Best Co. does not foresee substantial …
