Monthly Archives: <span>May 2009</span>

Contractors’ Proof of Liability Coverage Bill Sent to Oklahoma Gov.

Oklahoma Senate Bill 306, by Sen. Debbe Leftwich, which requires contractors to provide proof that they have general liability insurance is headed for the desk of Gov. Brad Henry. “We’ve seen too many cases of Oklahomans paying for work to …

Bill Banning ‘Step-Down’ Clauses in Auto Policies Advances in Louisiana

Louisiana House Bill 208, which would force insurers to provide the maximum policy limits for automobile liability insurance coverage to anyone driving the insured’s vehicle, has been approved by the House Committee on Insurance, according to the Property Casualty Insurers …

Wisconsin Chemical Plant Explosions Force Evacuations

A chemical plant fire continued to burn May 12 in the south-central Wisconsin community of Columbus where dozens of neighbors were forced to evacuate their homes. A series of explosions was heard May 11 about 8 p.m. at Columbus Chemical …

Washington County Wants More Gas Insurance

A company drilling for natural gas near Bickleton, Wash., lacks adequate insurance against groundwater contamination, Klickitat County officials say. County planners say Delta Petroleum of Denver has not shown proof of $20 million in insurance for the well, one of …

Wittwer Named President of American Specialty Insurance & Risk Svcs.

American Specialty Insurance & Risk Services Inc., a wholly-owned subsidiary of Brown & Brown Inc., has named Tony L. Wittwer president of the Roanoke, Indiana-based sports, motorsports and recreation specialty insurance company. Wittwer joined American Specialty in September 2006 and …

Best Affirms Transatlantic’s ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and issuer credit ratings of “a” of Transatlantic Holdings Inc. Group and its members, – Transatlantic Reinsurance Company (New York, NY) and Trans Re Zurich (Switzerland), along with …

Ratings: Allstate, Arrowhead, Nat’l. Lloyd’s/Summit, ISMIE Mutual, Greenville Casualty, Un. Farm Indiana

Standard & Poor’s Ratings Services has assigned its ‘A-‘ senior debt rating on Allstate Corp.’s (ALL) recently priced senior debt issue. S&P also affirmed its ‘A-‘ counterparty credit rating on ALL and its ‘AA-‘ counterparty credit and financial strength ratings …

USG Insurance Offers Miscellaneous Errors & Omissions Program

Florida-based national broker USG Insurance Services announced an in-house binding authority program for Miscellaneous Errors & Omissions products. Coverage will be offered on a claims made basis. Targeted classes include graphic designers, personnel agencies/ tempooroary help services, computer consultants, exhibit …

Brown & Brown, Navigators to Partner on Lawyers Liability Insurance Program

Brown & Brown, Inc. announced that Navigators Insurance Co. will become the carrier for its Lawyer’s Protector Plan effective Nov. 1. Brown & Brown and Navigators will combine their existing programs for law firms with one to 19 attorneys, creating …

Florida Officials, State Farm Expect to Resolve Withdrawal Terms By June 15

Representatives of Florida insurance regulators and State Farm Florida believe they will be able to resolve their differences over how the insurer may exit the state’s insurance marketplace by June 15. Lawyers for the adversaries asked for and have been …