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

NAS Lowers Rates, Minimum Premiums for Insurance Agents E&O

NAS Insurance Services, Inc. has released new rates for insurance agents and brokers E&O. Agents managing 100 percent personal lines have new reduced rates and a new minimum premium starting at $2,000. Agents handling 100 percent personal auto insurance have …

Oil Fears May Hurt Gulf States’ Economies More Than BP Spill

Fear that oil from a huge BP Plc spill will damage Mississippi’s coast is hurting the state’s economy more than oil damage itself, according to a new report. Tourists are staying away from restaurants and hotels and sport fishing is …

The Hoffman Group Acquires Belgrave Insurance Agency

Belgrave Insurance Agency and The Hoffman Group announce the merger of two long- standing independent insurance agencies, for all lines of business. This union, which will be completed in June 2010, will help better serve existing customers and new clients. …

Zangwill-Infantino Forms Insight Insurance Consulting

Laurie Zangwill-Infantino, former president of the Insurance Skills Center (ISC), has formed a new consulting firm, Insight Insurance Consulting. Insight Insurance Consulting will focus on professional development for agents and brokers, as well as insurance companies, staff and their clients. …

San Francisco Cell Phone Radiation Law Gets Preliminary OK

San Francisco could soon start requiring retailers to post notices showing how much radiation is emitted by the cell phones they sell. The Board of Supervisors voted 10-1 to give preliminary approval to the ordinance, which would require stores to …

Progressive Sees Increase in Cat Losses in May

Progressive Insurance has reported 5 percent increases in both net premiums written and earned in May 2010 compared with May 2009, but net income dropped by 19 percent in May 2010 compared with the same month in the previous year. …

The National Alliance Awards 24 Scholarships

The National Alliance recently presented 24 scholarships to National Association of Insurance Women (NAIW) members at its 69th Annual Convention held in Arlington, Va. The CIC, CRM, CISR, and CSRM scholarships were awarded at a special recognition ceremony at the …

HCC Insurance Appoints Morley as Head of Professional Liability Unit

HCC Insurance Holdings Inc., headquartered in Houston appointed Pauline R. Morley as senior vice president of Professional Liability at its Professional Indemnity Agency (PIA) subsidiary. As senior VP, Morley manage PIA’s Miscellaneous Professional Liability Division. Prior to joining PIA, Morley …

Bill to Ban Chinese Drywall Cancellations Approved in Louisiana

A ban on insurance companies dropping coverage of homeowners who have found corrosive Chinese drywall in their homes is headed to Gov. Bobby Jindal after getting final legislative passage. The bill by Rep. Julie Quinn, R-Metairie, would prohibit insurers from …

Group: Southwestern Illinois Levee Fixes May Cost $170M

A group scrambling to upgrade Mississippi River levees in southwestern Illinois before new floodplain maps potentially raise insurance costs says it can make the fixes for $160 million to $170 million – and pay for it with sales taxes and …