Monthly Archives: <span>March 2011</span>

Top 10 searches on MyNewMarkets.com in 2010

What are agents and brokers looking for? Workers Comp Insurance Agents & Brokers E&O Homeowners Trucking Commercial Auto Schools – Public/Private Professional Liability Apartments Restaurants Used Car Dealers

Arkansas Economy Less Affected by Recession

Arkansas’ economy has been less affected by the national recession than most other states because of its concentration on agricultural industries, according to a report released March 18. The report, issued by the University of Arkansas Division of Agriculture, said …

3M Settles Age-Discrimination Suit for Up to $12M

Minnesota’s 3M Co. has agreed to pay up to $12 million to settle an age-discrimination lawsuit with as many as 7,000 current and former employees. The 2004 lawsuit targeted the company’s performance-review system, alleging that older workers were disproportionately downgraded. …

The Funnel of Agency E&O Claims

This industry is filled with confusing and often contradictory recommendations regarding how to avoid E&O claims. This is frustrating for me, so I know it is frustrating for agents. I believe the source of the confusion is due to the …

Real ID Licensing Deadline for States Postponed Until 2013

The federal government has again postponed until 2013 the deadline for all states to be in compliance with the REAL ID program, which sets minimum national standards for drivers licenses and identification cards. The move has been cheered by states …

Products with Promise and Panache

Mid-Tech The Hanover Insurance Group added products for more than 125 classes of technology businesses. The coverages include a customized commercial package policy for mid-sized companies and two stand-alone errors and omissions policy options. The company also has built a …

Former New York Lawmaker Faces Prison for Insurance Fraud

A former Long Island lawmaker faces up to 15 years in prison when he is sentenced today in a Hamptons fraud case. George Guldi was convicted last month of grand larceny and insurance fraud involving the reconstruction of his Westhampton …

Virginia Man Wins $25M in Lawsuit Against Exxon

A jury awarded a former shipyard employee $25 million Thursday in his lawsuit against Exxon for asbestos-related medical problems. The verdict, which followed a two-week Circuit Court trial, was one of the largest jury verdicts ever handed down in Virginia. …

My New Markets

Behavioral Health Care Market Detail: Negley Associates is underwriting manager for A+XV Rated carrier. Coverages include workers’ comp, professional and general liability, directors and officers (including EPLI), excess liability, and property for alcohol/drug rehabilitation centers, mental health facilities, group homes, …

New Jersey Captive Group Appoints Board

The New Jersey Captive Insurance Association (NJCIA) has appointed a seven-member advisory board, which will assist the group in guiding the state’s new captive insurance industry. The board members are Andrew Barile, president of Andrew Barile Consulting Corp. Inc., a …