Demand for disaster derivatives is surging as insurers seek alternatives to scarce reinsurance and expensive catastrophe bonds, with the forthcoming North Atlantic hurricane season likely to give a further boost. Prices are at record levels for Industry Loss Warranties (ILWs) …
The current economic environment has produced several influences that in combination are negatively affecting, or at least stressing, property casualty insurance carriers in unique ways, according to one experienced industry analyst. Investments in financial services providers, such as banks, Fannie …
American Collectors Insurance, a provider of specialty insurance for collector vehicles and collectibles, has expanded to offer collector-vehicle insurance coverage in Alaska. The coverage applies to a range of collector vehicles, including: collector cars, collector trucks, collector motorcycles, exotics, street …
The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud. According to the text of AB 802, existing law requires an insurer, or agent authorized by that insurer to act on …
California Insurance Commissioner Steve Poizner announced ]that he will deploy Department of Insurance consumer information experts to help Jesusita Fire survivors in Santa Barbara with recovery efforts. “The last thing fire survivors should have to worry about after losing their …
California Insurance Commissioner Steve Poizner announced the launch of the California Department of Insurance Senior Information Center, an online tool for California seniors who have questions about insurance products. “Studies have shown that number of seniors using the internet is …
San Diego-based Arrowhead Wholesale Insurance Services LLC has a new surplus lines binding authority appointment, with a carrier rated “A-” VII, Excellent, by A.M. Best. This appointment gives AWIS greater ability to place unique and tougher to place accounts in …
Prepare Clients for Premium Audits by Knowing the ABCs of Audits Insurance agents and brokers are charged with many duties on behalf of their clients. One often neglected duty is working with insureds to prepare them for the annual workers’ …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …
P/C Agents Join Fight Against Competing Government Health Plan Property/casualty insurance agents have elevated health care reform to the top of their political agenda; the matter is now just a notch below the perennial battle against federal regulation of insurance …
