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

Chartis Introduces Alternative Fuel Deductible Option on Commercial Auto

Chartis has introduced an Auto Physical Damage Alternative Fuel Incentive Deductible designed to assist business customers in their efforts to be environmentally responsible. The enhancement allows customers to be reimbursed for their auto physical damage deductible, or have it waived, …

Russell Bond Opens Massachusetts Office

Upstate New York-based wholesaler Russell Bond & Co. has opened a branch office in Massachusetts. The new office, located in Westfield, is headed by Barbara Simpson. __ Source: Russell Bond & Co.

Tropical Storm Hermine Brings Heavy Rains, Wind to South Texas

Tropical Storm Hermine blew into the border region between Texas and Mexico late Monday night, landing in Northeast Mexico and crossing into Texas early Tuesday morning, bringing with it 60 mph winds, heavy rains and flooding. Like many hurricanes and …

New York Seeks 30% Hike for Some Workers’ Comp Costs

The New York Workers’ Compensation Board is proposing to raise portions of the medical fees schedule by 30 percent. The fee would apply to the evaluation and management codes of the board’s medical fee schedule, which hasn’t seen an increase …

IRS Releases Draft Form for Small Firms to Claim Health Care Tax Credit

The Internal Revenue Service has released a draft version of the form that small businesses and tax-exempt organizations will use to calculate the small business health care tax credit when they file income tax returns next year. The IRS also …

American Excess Announces 100 Percent Retention

The American Excess Insurance Exchange has achieved 100 percent renewal retention for the fifth year in a row. Managed by Charlotte, N.C.-based Premier Insurance Management Services Inc. , AEIX provides excess professional and general liability insurance to not-for-profit hospitals and …

Florida Plans Hearing on Citizens’ Rate Increases

Florida’s Office of Insurance Regulation will hold a hearing on proposed rate increases for several lines of insurance from Citizens Property Insurance Corp. at 1 p.m. on Sept. 7, 2010, in Tallahassee. The lines of insurance to be discussed include, …

XL, ForAgentsOnly Offer Employment Practices Coverage for Small Firms

Global insurer XL Insurance and ABA Insurance Services, Inc., a new managing general underwriter that was formerly Progressive Insurance Co.’s Professional Liability Group, have signed a joint underwriting agreement to provide Employment Practices Liability Insurance (EPLI). Mayfield Heights, Ohio-based ABA …

Willis North America Names McCarthy Director of Communications

Willis North America reported that Colleen McCarthy has joined the company as director of communications for Willis North America. McCarthy will be based in New York City. In her new role, McCarthy will oversee internal, external and digital communications for …

Mississippi Agent to Pay $66,500 Refund

Mississippi Insurance Commissioner Mike Chaney says his office has reached an agreement with an agent to refund $66,5000 in policy fees to poultry farmers. Chaney said in a news release Friday that the action was taken against Indiana-based agent Timothy …