Monthly Archives: <span>September 2014</span>

Atlas General Insurance Services, LLC, Announces Expansion of Republic Underwriters to Nine Additional States

San Diego, Calif. (Sept. 16, 2014) – Atlas General Insurance Services, LLC, a national multi-line program manager, is pleased to announce the expansion of its workers compensation presence throughout the United States. The program, which was developed by Atlas General …

The Problem with Domestic Excess & Surplus Lines Insurers

It has been more than five years since states, beginning with Illinois, began to enact laws permitting the formation and licensing of domestic excess and surplus lines insurers. To date, these initiatives have gotten very little traction in the insurance …

XL Launches Regional E&S Insurance Operation with Ex-Scottsdale Underwriters

XL Group has launched a regional underwriting operation in Scottsdale, Ariz. to offer brokers and clients in the Western U.S. more direct access to its excess and surplus insurance coverages The experienced underwriting team includes Scott Noffisinger, Katherine E. Schlueter, …

Hurricane Odile Brings Storm Surge, Flooding to Mexican Peninsula

Hurricane Odile, the strongest to hit Baja California Sur in decades, weakened slightly as it battered the Mexican peninsula with high winds and rain. Odile went ashore near the resort city of Cabo San Lucas at about 10:45 p.m. Mexico …

Typhoon Kalmaegi Approaches Hong Kong

Hong Kong issued its third-highest storm signal for the first time this year as Severe Typhoon Kalmaegi sweeps past China’s financial center. The Hong Kong Observatory raised the No. 8 Storm Signal at 10:30 p.m. local time yesterday, according to …

‘Minimal’ Insurance Effect If Scotland Exits U.K., Says Lloyd’s of London Chair

Lloyd’s of London Chairman John Nelson said several years of uncertainty will follow if Scotland leaves the U.K. “The immediate effect would be a period of perhaps two years of uncertainty,” said Nelson, 67, in an interview from Monte Carlo …

AIG Names Fasano to New Chief Information Officer Post

American International Group Inc. has named Philip Fasano to the newly-created role of executive vice president and chief information officer. Fasano will be responsible for oversight of the company’s global information technology, including reviewing and updating technology systems and platforms, …

Rate Change Ahead for Louisiana Citizens Insurance Commercial Customers

Premiums for almost all of Louisiana Citizens Property Insurance Corp.’s commercial customers will increase an average of 2.3 percent beginning in February, under a proposed rate filing. But the 307 customers whose properties lie below the Gulf Intracoastal Waterway will …

Brit Launches Cyber Product for Critical Infrastructure, Industrial Machinery

Brit PLC, a global specialty insurer and reinsurer, has developed an insurance service to protect companies operating critical infrastructure and industrial machinery from terrorist and other malicious attacks, such as sabotage, espionage and theft. Critical infrastructure, operated through complex software …

Workplace Fatalities Declined 15% Last Year in Virginia

Labor officials say workplace deaths dropped in Virginia and nationwide last year. According to a preliminary report released by the U.S. Department of Labor, Virginia saw workplace fatalities decline 15 percent to 126 in 2013. The Virginian-Pilot reports that 43 …