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

Rupp’s Risk Management & Insurance Commentary

Welcome to the first edition of Rupp’s Risk Management & Insurance Commentary This commentary will be published each Monday and is designed to stimulate an exchange of ideas between risk management and insurance professionals with the author acting as the …

Nev. Dangerous Dog Owner Must Insure It for $50K

A judge has ordered a man convicted of harboring a dangerous dog to take out a $50,000 insurance policy on the boxer mix named Astro if he doesn’t want it euthanized after it attacked a woman and killed one of …

Navigators Launches E&O Coverage for Contract Research Organizations

The Navigators Group, Inc.’s principal underwriting agency subsidiary, Navigators Management Company, Inc., has introduced a combined products-completed operations and errors & omissions liability insurance product called life sciences research related liability coverage, which was specifically created for contract research organizations …

Celia is First Eastern Pacific Hurricane; Currently No Threat to Land

The first hurricane of the current season has formed in the Eastern Pacific. The storm, named Celia is being tracked by The National Hurricane Center in Miami and Risk management Solutions. On its current course it poses no threat to …

San Gabriel Valley Association Installs Officers

San Gabriel Valley, Calif., chapter of the Chartered Property Casualty Underwriters Society has installed its 2010-2011 officers and directors. The officers are: President Heather Reynolds of Zenith; Vice President Tracy Stevenson of Tokio Marine Management; Secretary George Khoury of K-KICS …

Wholesaler TB&C Joins with CRC Insurance in California

Birmingham, Ala,-based CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T, has signed an agreement with TB&C Wholesale Insurance Services to combine two of the California offices of both companies. The combined offices will operate as CRC Insurance Services …

Oklahoma Flooding Causes Insurance Problems for Some Homeowners

Recent severe flooding in Oklahoma, on top of extensive damage caused by violent storms in May, have caused headaches for property owners and insurers alike in that state. The June deluge caused additional to homes of some residents still waiting …

Deadline Extended for AIG’s $2.2 Billion Sale of Taiwan Life Unit

Bailed out insurer American Insurance Group and China Strategic Holdings Ltd have agreed to extend the deadline for completing AIG’s planned $2.2 billion sale of its Taiwan unit. While the extension could help AIG and its buyers address concerns from …

West Indiana Levee Creates Flood Insurance Dilemma

Owners of nearly 800 properties in a western Indiana town could be forced to buy flood insurance unless the town can provide federal officials proof that its levee system will provide protection. The Federal Emergency Management Agency plans to end …

Ratings Recap: Chartis, C.P.A., Electric

A.M. Best Co. announced that it has affirmed the ratings of Chicago-based Chartis Specialty Insurance Company “in conjunction with its recent membership in the Lexington Insurance Pool. The company was previously a member of the Chartis U.S. Insurance Group. Best …