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

Foremost Insurance Group Launches Auto Program in New York

Foremost announces their DISTINCTCHOICE auto program in New York. Foremost’s new auto program is designed with increased limits, deductible options and important coverages for drivers. The DistinctChoice auto program features broad eligibility and popular discounts. Some of the highlights include: …

Smith Named Missouri Insurance Agents’ Person of the Year

Dennis Smith of Columbia, Mo., has been honored as the Missouri Association of Insurance Agents’ Insurance Person of the Year. The award was given at MAIA’s annual Leadership Conference on July 22. Smith received the award in acknowledgement of his …

Neace Lukens Opens Dayton, Ohio, Office; Grows Construction Group

Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice president of its construction insurance services group, and Deb Markland serves as a …

S&P Raises Arch Capital Group’s Ratings to ‘A-‘; Outlook Stable

Standard & Poor’s Ratings Services has raised its counterparty credit rating on Arch Capital Group Ltd. to ‘A-‘ from ‘BBB+’. S&P also raised its counterparty credit and financial strength ratings on Arch Capital’s operating insurance and reinsurance companies to ‘A+’ …

Japan Supertanker Probe Reveals Crash Impact

A Japanese supertanker, which triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route, collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said on Thursday. Damage to the massive crude …

Crews Work to Cap New Oil Leak Along Louisiana’s Coast

Crews are working to cap a new oil leak in a Louisiana coastal inlet after a barge slammed into an abandoned well on July 27, sending a shower of water, natural gas and oil spewing about 100 into the air. …

OneBeacon Launches New E&S Division; Crosby to Head

Massachusetts-based OneBeacon Insurance Group said it is launching a new E&S lines business and has appointed Dennis Crosby as president of the business, OneBeacon Excess and Surplus Lines. OneBeacon said the new division will both support its current business and …

Agent Gets 3 Years for Pocketing Premiums in New Jersey

A former Pennsylvania insurance agent has been sentenced to three years in prison for his role in scheme to steal hundreds of thousands of dollars in premiums, according to the New Jersey attorney general’s office. Thomas Hurd, 53, of Bensalem, …

Survey: Public Opposes Allowing Policyholder Suits Against Insurers

A majority of Americans believe that laws allowing people to sue their own auto insurance company for punitive damages, in addition to receiving benefits for their insured claim losses, are not a good idea. New public opinion survey findings from …

North Dakota Property Crime Rate Down, but Violent Crimes on Rise

Attorney General Wayne Stenehjem says North Dakota’s crime rate dropped slightly last year, but the number of violent crimes rose. A new report provides North Dakota statistics for a number of crimes, including murder, aggravated assault and rape. It includes …