Add this to the growing list of Plaxico Burress’ problems: getting in a car crash and not having insurance on his nearly $140,000 Mercedes-Benz. The suspended New York Giants wide receiver was sued last week in Florida’s Broward County Circuit …
American International Group says it purchased $16 billion of complex financial instruments in an effort to reduce its exposure to insurance guarantees written against the instruments. The insurer bought investments known as collateralized debt obligations, which are bonds backed by …
Auto insurers may increase premiums on North Carolina drivers by up to 9.4 percent starting Jan. 1, but a court ruling will determine whether they can keep the extra money. The North Carolina Rate Bureau, which represents 144 auto insurers …
MyMGA.com, a division of PersonalUmbrella.com of Emeryville, Calif., is offering comprehensive personal liability coverage in California. Features of the product include coverage for: • Vicious dog breeds; • Dogs with prior bite history; and • Rentals, vacation and seasonal properties; …
Safeco Insurance Foundation has awarded $15,000 to Connections to Success Inc., a nonprofit organization that helps men and women transition to the workforce. Connections to Success is a nonprofit that was founded in 1998 with the vision to “break the …
Novato, Calif.-based Fireman’s Fund Insurance Co. is introducing new coverage for small business hotels, motels and inns. This bundled coverage is designed eliminates the need to add other endorsements, to search the market for equivalent coverage, or to match up …
Encino, Calif.-based NAS Insurance Services has promoted David Leventhal to senior vice president. For the past six years, Leventhal has headed NAS’ Healthcare & Social Services facility, which provides coverage for miscellaneous medical malpractice, non-standard physicians medical malpractice, MEDEFENSE Plus, …
Los Angeles-based Worldwide Facilities Inc., has hired new brokers in its Property & Casualty and Financial Services departments. Joe Smith has joined the company as a directors and officers broker in the Seattle office. His previous experience includes underwriting D&O …
A new study funded by U.S. National Institute for Occupational Safety and Health says that foreign-born workers reported a lower rate of non-fatal work-related injuries than U.S.-born workers, based on data collected from the National Health Interview Survey from 1997 …
Standard & Poor’s Ratings Services has raised its counterparty credit and insurer financial strength ratings on non-life insurer Zurich Espana, Compania de Seguros y Reaseguros, S.A.(Zurich España) to ‘AA-‘ from ‘A+’ and assigned a stable outlook.”The upgrade reflects our revision …
