A homeowner is not vicariously criminally liable for the misdemeanor acts of a tree trimmer, the California Supreme Court decided. According to Maria Dolores Ramirez V. Thomas Nelson, a worker for an unlicensed contractor hired by homeowners Thomas and Vivian …
Due to the success of it’s inaugural Exchange conference, MyNewMarkets.com, has scheduled two additional conferences in San Diego on Sept. 4, 2008. and Dallas on Sept. 30, 2008. MyNewMarkets.com Exchange conferences can best be described as insurance “market fairs,” where …
Legislation that would allow insurers to more accurately base auto insurance premiums exactly on how many miles a motorist drives passed the California Senate Appropriations Committee. Proposition 103 requires insurers to set automotive insurance rates and premiums using specified factors, …
Nationwide Mutual Insurance Co. said on Aug. 6 that it will buy out its publicly traded retirement savings company Nationwide Financial Services Inc. for about $2.4 billion. The diversified insurance company will acquire all of the outstanding Class A shares …
Most of the largest corporations in North America are exposed to natural disasters, but many are not well-prepared for such catastrophes and are not overly concerned about the potential business impact, according to a new study released by business property …
Cedar City, Utah-based The Leavitt Group hired David H. Broadbent to serve as executive vice president of retail placement. He will also serve as a senior executive vice president of Leavitt Group Enterprises. In this position, Broadbent will guide the …
Encompass Insurance announced that Ellen Goforth was promoted to regional sales director in Northwest region. The Encompass Northwest Region oversees Encompass, Allstate and Deerbrook independent agencies in the states of Alaska, Hawaii, Idaho, Oregon and Washington. She takes over for …
Fitch Ratings has affirmed XL Capital Ltd.’s ratings as well as those of its P/C (re)insurance subsidiaries, including the Issuer Default Rating (IDR) for XL, at ‘A’, and the Insurer Financial Strength (IFS) rating of lead (re)insurance companies XL Insurance …
Aon Corporation has launched the “Aon Green Building Property Program,” which it describes as the “industry’s most comprehensive insurance solution to facilitate environmentally friendly and energy-efficient building efforts of commercial property owners and managers.” The coverage is offered as an …
A.M. Best Co. and Standard & Poor’s Ratings Services have both indicated that The Hanover Insurance Group’s agreement to purchase all of the stock of AIX Holdings, Inc. (See related article) is unlikely to result in any change in the …
