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

3M Powerless as October Snow Surprises Northeast

A freak October snowstorm knocked out power Sunday to more than 3.1 million homes and businesses across the U.S. Northeast, with close to two feet (60 centimeters) of snow falling in some areas over the weekend. The storm was even …

Bogardus Named President of CompWest in California

Accident Fund Holdings Inc. has made Bryan Bogardus president of San Francisco, Calif.-based CompWest Insurance Co., a division of Accident Fund. Bogardus is responsible for establishing the strategies in the western territories. Bogardus most recently was senior vice president of …

Agents Can Advise Clients on Halloween Coverage, Accident Prevention

The Halloween night is filled with frightful risks. Fortunately. insurance agents can play a helpful role by advising their clients about coverage and accident prevention. • The Insurance Information Institute says standard homeowners and renters insurance policies provide coverage for …

Argo Insurance, Arrowhead Partner on Landscape and Arborist Program

Argo Insurance, a member of Argo Group International Holdings, Ltd will offer a landscape and arborist program through its Commercial Programs unit in partnership with First Capital – Arrowhead Wholesale Insurance Services (FC-AWIS). The program, tailored to the needs of …

Q3 Earnings Report: Selective Posts Net Loss

Selective Insurance Group, based in Branchville, New Jersey, reported net loss of $20.1 million for the third quarter. The insurer had posted net profit of $17.2 million during the same period one year ago. The insurer blamed big catastrophe losses …

Why Real Estate Professionals Need E&O Coverage

As real estate professionals know well, most signs point to slow progress in real estate industry growth. Professionals are left to manage their costs, make cuts where possible, keep up-to-date on industry trends, fight for the best terms for clients …

Mercury Reports Dip in Operating Income in 3Q, Increases Quarterly Dividend

Mercury General Corp. (NYSE: MCY) on Monday reported a dip in operating income for the third quarter, and announced a dividend increase. Operating income was $39.7 million, or 72 cents per diluted share, for the third quarter of 2011 compared …

William Gallagher Settles With Regulators, Will Pay $1.7M

Insurance broker William Gallagher Associates Inc. will pay $1.7 million as a settlement with Connecticut regulators over allegations that it overcharged a client. The state regulators accused the Massachusetts-based broker of overcharging a local business, Milford Power Company, millions of …

Aspen U.S., V3 Insurance to Offer Misc. E&O, Optional Premises Liability Program

Aspen U.S. Insurance has partnered with V3 Insurance Partners LLC, a managing general underwriting agency, to offer Vantage360 MPL+, a miscellaneous professional liability and optional premises liability program available in all 50 states. Designed for professional services firms with under …

Insurer Sues Manufacturer Over South Dakota Collapsed Pool Claims

An insurance company is suing the maker of a portable pool to try to recoup money paid out as a result of a collapsed pool at the Mitchell Aquatic Center in Mitchell, S.D. The Mitchell Daily Republic reports Nautilus Insurance …