Monthly Archives: <span>September 2012</span>

Willis Launches Pizza Delivery Program

Willis Programs, a unit of Willis Group Holdings, has introduced a customized insurance program for pizza delivery restaurants. PizzaGuard is an insurance program designed specifically to meet the needs of the pizza delivery industry. The PizzaGuard program is written on …

Hanover Insurance Group Advises Dog Owners to Take Protective Measures

With dog bite claims accounting for over one-third of all homeowners insurance liability claim dollars in 2011, The Hanover Insurance Group is reminding dog owners to take preventative measures to protect themselves from the potentially serious financial consequences of aggressive …

Aon Construction Services Exec Moves to Sterling & Sterling in N.Y.

Woodbury, N.Y.-based brokerage Sterling & Sterling Inc. appointed Doreen DiCicco as senior vice president within its newly created Sterling Construction Services of New York. In her new role, DiCicco will report directly to Sterling Construction Services of New York President …

Louisiana Senator Vitter Named a NAMIC Federal Legislator of the Year

The National Association of Mutual Insurance Companies (NAMIC) has named Sen. David Vitter, R-La., one of its Federal Legislators of the Year for 2012. Sen. Jon Tester, D-Mont., also won the award. “Senators Tester and Vitter played a leading role …

IPISC Launches Abatement Insurance Program for Intellectual Property Risks

Louisville, Ky. headquartered Intellectual Property Insurance Services Corporation (IPISC), which focuses on intellectual property (IP) insurance risks, has launched the InventPro Abatement Insurance program. The InventPro program is designed to help enforce the policyholder’s IP rights against infringers who are …

US Bank: Lawsuit in Iowa Fraud Scandal ‘Without Merit’

US Bank is rejecting allegations in a lawsuit that claims one of its employees helped Peregrine Financial Group CEO Russ Wasendorf Sr. mislead regulators about his misuse of customer funds. Wasendorf, the founder of the Iowa brokerage, has signed a …

Health Groups Sue Over Louisiana’s Post-Isaac Insurance Rule

Two health care groups have filed a lawsuit against Insurance Commissioner Jim Donelon, over an insurance coverage change he made after Hurricane Isaac. The lawsuit by the Louisiana State Medical Society and the Louisiana Hospital Association was filed in Baton …

Heightened Regulation Forcing Insurers to Focus on Modeling Risks: Conning

The growing level of activity among regulatory bodies and quasi-regulatory agencies focused on strengthening insurance solvency protection systems, particularly regarding increased risk capital and enhanced risk management, will force insurers to focus more attention on modeling their risks, according to …

Is Long-Term Care Insurance Dying?

Poor results in the long-term care insurance sector have led many providers to exit the market, leaving its future uncertain, Moody’s Investors Service says in a new report. The report, “Long-Term Care Insurance: Sector Profile,” says that despite the need …

Flood Insurer Fidelity National Indemnity to Change Name to Wright Flood

Flood insurance company Fidelity National Indemnity Insurance Co. is being renamed Wright National Flood Insurance Co. The name change must be approved by the Texas Department of Insurance. Wright National Flood is a member of The Wright Insurance Group, owned …