New York-based Starr Indemnity & Liability Co. has made three executive appointments. Jim Vendetti has been named senior vice president & chief underwriting officer. He will oversee building and managing all underwriting units, including property, casualty, financial lines, environmental, crisis …
American International Group, Inc. (AIG) has closed the sale of 21st Century Insurance Group, the wholly owned subsidiaries of AIG’s U.S. personal auto insurance business, to Farmers Group, Inc. (FGI), a subsidiary of Zurich for $1.9 billion. The $1.9 billion …
Walnut Creek, Calif.-based Heffernan Insurance Brokers announced that it has hired 17 employees to form a new division named Heffernan Professional Practices Insurance Brokers, specializing in architects and engineers and lawyers professional liability. Heffernan Professional Practices will be based out …
Mississippi Gov. Haley Barbour has signed legislation to help control insurance costs for coastal property owners. Business supporters of the bill contend it will also serve as an economic stimulus. The bill appropriates a total of $40 million for the …
The North Carolina House Insurance Committee has unanimously approved legislation that attempts to spread the pain should a major storm cause losses that exceed existing private and public insurance funds. The legislation (HB 1305) would cap the liability of private …
Continental Risk Insurance Services is now offering worker’s compensation coverage for hundreds of classes including contractors, manufacturers, and fitness clubs with a specialization in large accounts. Free help-line services are offered along with an in house claims and audit team. …
The Rancho Cordova, Calif.-based Western Insurance Agents Association (WIAA) has announced the confirmation of its board officers and directors for the 2009-2011 term. The 2009-2011 Board includes: Chairman Phil Hakopian of Cornerstone Commercial & Personal Insurance Services, Rancho Cucamonga, Calif.; …
Starr Underwriting Agents Limited and Starr Specialty Lines Insurance Agency, LLC, both subsidiaries of C. V. Starr & Co., Inc. announced that they can now offer additional capacity of up to $75 million “through a consortium with Talbot Underwriting Ltd. …
TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its services to retail insurance agents in Mississippi. TAPCO is known for its unique service model that allows for coverage to be bound …
The real estate malpractice insurance line of business has operated at a loss over the last decade, according to a report recently released by the Missouri Department of Insurance, Financial Institutions and Professional Registration (DIFP). The 2008 Real Estate Malpractice …
