May 18, 2011
A new study from financial market research consultants Finaccord forecasts that the market for professional indemnity insurance across ten European countries – Belgium, France, Germany, Italy, Netherlands, Poland, Spain, Sweden, Switzerland and the UK – will be worth around €7 …
May 17, 2011
Washington’s Department of Labor and Industries (L&I) has created an online system for insurance agents to create, cancel and reinstate general liability insurance certificates for contractors registered in the state. In Washington, all contractors must carry liability insurance and a …
May 17, 2011
Florida Gov. Rick Scott has signed into law legislation that promises to lower costs for the state’s property insurers, including what they pay on sinkhole claims. While the memory of former Governor Charles Crist’s veto of a similar but smaller …
May 17, 2011
Once again, Insurance Journal is on the search for leading privately-held property casualty independent agencies and brokerages for its annual Top 100 Property/Casualty Independent Insurance Agencies report. Top Overall Independent Agencies, Top Commercial Lines Independent Agencies, Top Personal Lines Independent …
May 17, 2011
The Surplus Line Association of California Stamping Office announced premiums processed for the first quarter of 2011 of $953.7 million, a decrease of 4.34 percent from the total premiums processed in the same period in 2010. However, the item count …
May 17, 2011
In an effort to save the state about $500,000, California Gov. Jerry Brown has proposed eliminating the Office of the Insurance Advisor and the Occupational Safety and Health Standards Board, according to his proposed May Budget Revise. The Office of …
May 17, 2011
The Oklahoma Insurance Department has formally notified federal officials that it is returning nearly $1 million in federal funds targeted for health insurance rate reviews, Oklahoma Insurance Commissioner John Doak announced. Doak has also urged Gov. Mary Fallin to sign …
May 17, 2011
Travelers has launched its Excess Educators Legal Liability (ELL) through its IndustryEdge product for educational institutions. Travelers integrated its umbrella coverage for both casualty and ELL offerings under a single tower of capacity for private colleges and private K-12 schools …
May 17, 2011
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of A (Excellent) and issuer credit rating of “a” of Badger Mutual Insurance Company (Badger) of Milwaukee, Wis. The negative outlook reflects the …
May 17, 2011
State Auto Financial Corp., based in Columbus, Ohio, has estimated its second quarter 2011 earnings will include between $75 million and $85 million in pre-tax catastrophe losses related to April storm activity, net of estimated reinsurance recoveries. Five separate catastrophes …