Monthly Archives: <span>March 2010</span>

IMA Promotes Sims and Harvath to Vice Presidents

Denver-based IMA of Colorado Inc., a retail insurance brokerage, announced that Cathy Sims has been promoted to vice president – employee benefits, and Sandy Harvath has been promoted to vice president – commercial lines. IMA of Colorado is part of …

Zurich North America Commercial Names Rasor to Lead Construction Unit

Property and casualty insurance provider Zurich named Scott Rasor as head of Zurich North America Commercial’s Construction group. Rasor previously served as senior vice president for Construction, specializing in residential and specialty risks. He will be based in Zurich in …

Hiscox Underwriting Chief on 2010 Outlook

London-based specialty insurer Hiscox, which launched a significantly expanded U.S. presence in 2006, saw gross profits reach record levels ($481 million) in 2009. In this exclusive interview with Insurance Journal, Hiscox Chief Underwriting Officer Rob Childs discusses the profitability for …

Aon Offers $100M Limits for Global Contractual Liability

Aon Construction Services Group has secured an offering for up to $100 million in limits to address contractual liabilities such as force majeure events, liquidated damages and performance coverage. Contractual liability policies are designed to indemnify another person or entity …

CatCoverage.com Offers Alternative to Federal Flood Insurance

The Natural Catastrophe Insurance Program (NCIP), available at www.CatCoverage.com, says it is providing an online alternative to the National Flood Insurance Program for agents, brokers and property owners. This Web-based program offers primary layer insurance for the perils of landslides, …

Markel, Towing Contractors Renew Insurance Partnership

Markel has renewed its partnership with the Independent Garage & Towing Contractors, Inc. (IGTC) to administer a tailored insurance program for tow truck companies and to work with local agents to arrange an insurance program for them. The Markel and …

Ark. Regulators Suspend Agent License of Standridge for Dishonest Practices

Arkansas’ Insurance Commissioner Jay Bradford has immediately suspended the resident producer license of Steve Standridge, founder of the Steve Standridge Insurance Inc. based in Mount Ida, Ark., for allegations that he falsified collateral used to purchase another insurance organization and …

Judge Dismisses Suit over New Jersey Teen Driver Decals

New Jersey judge has upheld a new law that requires drivers younger than 21 to display identifying decals on their vehicle license plates. State Superior Court Judge Robert Brennan dismissed a lawsuit brought by Gregg Trautmann, a Rockaway lawyer who …

Society of CISR Adds Members to Board of Governors

Austin, Texas-based The National Alliance for Insurance Education & Research has announced the addition of five new members to the 2010-2016 Certified Insurance Service Representatives (CISR) board of governors. New board members will serve six-year terms. Officers serve one year …

Rockhill Adds Schneider to Environmental Insurance Team

Rockhill Underwriting Management, based in Kansas City, Mo., has hired Kenneth Schneider as senior vice president of its Environmental unit. Schneider will manage all aspects of the environmental underwriting operations and will work closely with the Rockhill Environmental underwriting team …