Safety Insurance has begun refunding a total $7.2 million to roughly 21,000 Massachusetts policyholders who were overcharged for motorcycle insurance, according to the state’s attorney general. The refunds are part of a settlement with several motorcycle insurers reached earlier this …
K&K Insurance has launched a new website offering directors’ and officers’ (D&O) coverage for not-for-profit organizations. The website offers online quoting and binding capabilities and provides an option to purchase coverage immediately when using a credit card. In response to …
In my previous post Training Part I – Small Agencies in Small Towns I promised that we would discuss meeting and greeting prospects and customers in your office. While we all functionally know how to meet and greet people everyone’s …
Berkley Net Underwriters has named Matthew McCue director of business development for the Mid-Atlantic region. McCue will lead BerkleyNet’s efforts to expand its agency distribution in Connecticut, Virginia and Maryland. He succeeds Bruce Hayden, who has been named director of …
Chartis has introduced Fiduciary Liability Insurance Edge, a new insurance solution developed by its Executive Liability Division to address the evolving fiduciary liability exposures facing companies, plans, executives and employees. Fiduciary Liability Insurance Edge offers coverage for board members, executives …
A.M. Best Co. has assigned a debt rating of “bbb” to the recently issued $350 million 6.25 percent senior unsecured notes due 2020 of Delaware-based Alterra Finance LLC. The senior notes are fully and unconditionally guaranteed by Alterra Capital Holdings …
The surplus lines industry continues to experience a decline in direct premiums written (DPW). For a third consecutive year in 2009, the surplus lines industry’s DPW fell 4.1 percent, an improvement over 2008 where the DPW fell 6.2 percent. Even …
Abacus Insurance Brokers, Inc., a Los Angeles-based program manager that distributes specialty insurance products online through www.abacus.net, has expanded its Abacus Online Builder’s Risk program. With the addition of an “A” rated, size XV–admitted carrier, the program is now available …
Sonoma Risk Insurance Agency and Heffernan Insurance Agency have teamed up to distribute their new Contract Litigation Insurance (CLI) in California. Underwritten by Zurich, this policy helps to protect plaintiffs and defendants from having to pay their adversary’s attorneys’ fees …
Attorneys and law firms in Maryland, Virginia and Washington D.C. seeking professional liability insurance from Zurich will now be able to purchase the insurance protection from Couch Braunsdorf Insurance Group. Zurich and Couch Braunsdorf recently signed an agreement granting Couch …
