Homeowners of America Insurance Co.
A new property and casualty insurer, Homeowners of America Insurance Com-pany, announced it has opened for business in Irving, Texas. Homeowners specializes in protecting residential property for Texans. The company will sell its products through independent agents.
Homeowners’ management team has nearly 100 years of experience in the financial services business, and its systems are based on proprietary Internet technology.
Underwriting, inspections and claims are handled by in-house personnel. Every member of management holds a Texas P&C license. Customer service will be supported in English and Spanish.
The company offers HOB, HOA enhanced, HOA, Enhanced Dwelling Form 1 and Dwelling Form 1 coverage. With these products the company will be looking to develop business in population centers throughout the entire state.
Source: Homeowners of America Insurance Co.
CompPAC Trust of Texas
The CompPAC Trust of Texas, a workers’ compensation self-insurance group administered by First Cardinal of Texas Ltd., reported it received approval from the Texas Department of Insurance to expand its list
of eligible classes to include artisan
contractors.
The CompPAC Trust of Texas was formed in January 2006 following the merger of the Texas Air Conditioning Contractors Association WC Trust and the Plumbing-Heating-Cooling Contractors of Texas WC Trust.
According to the company, the newly expanded list of class codes will allow skilled contractors that are involved in construction and servicing of building systems, including mechanical, plumbing, HVAC/R, data, telecommunications, security and related services.
For a complete list of eligible codes, visit www.FirstCardinal.com and click on “View Summary of Programs by State”.
The CompPAC Trust of Texas accepts submissions from all licensed property and casualty agents in Texas. For more information on this and other First Cardinal programs, visit www.First Cardinal.com and click on the Agents/Brokers tab.
First Cardinal of Texas is an affiliate of First Cardinal LLC, an administrator of workers’ compensation programs in the Northeast, presently operating in the states of New York, Massachusetts, New Hamp-shire, Illinois, Connecticut and Vermont.
Source: First Cardinal of Texas
American Mold Guard
Mold prevention company American Mold Guard Inc. added two new service centers along the Gulf Coast to aid in post-Katrina restoration and new home construction efforts.
AMG opened the new service centers in St. Bernard Parish, La., and Biloxi, Miss., to meet the demand for mold prevention expertise, which has risen rapidly since the company opened its first location in New Orleans shortly after Katrina.
AMG uses non-toxic antimicrobial surface coatings that shield building materials from mold growth that remain effective for multiple years. Jim Licciardi, owner of Lash Homes, a Louisiana-based builder of custom housing, said he needs the mold prevention guarantee when he goes to the bank to complete a sale.
According AMG, prior to the hanging of interior drywall, it uses soda-blasting technology to remove any visible microbial growth from all wood surfaces before applying its antimicrobial material.
Source: American Mold Guard
BenefitMall
Dallas-based BenefitMall acquired Weston Group Benefits LLC, a large independent general agency serving the New York Metropolitan area.
Weston Group Benefits LLC,headquartered in New York, currently serves nearly 2,100 brokers and 25,000 in-force groups. They offer a diversified carrier contract portfolio that includes regional leaders like GHI and HIP, and large national carriers such as Aetna, United Healthcare/Oxford Health Plans, HealthNet, Cigna and many others.
BenefitMall said this acquisition will further expand its existing product offerings and reaffirm its commitment to the Northeast region.
Source: BenefitMall
Colony, Stratus Insurance Services
Colony, a member of the Excess and Surplus Lines segment of San Antonio-based Argonaut Group Inc., announced an arrangement with Stratus Insurance Services to offer general liability, limited professional liability, inland marine and property insurance products on an exclusive basis to members of two national trade and professional associations.
The Hearth, Patio & Barbecue Association represents over 2,000 manufacturers, retailers, distributors, installers and service providers with business interests related to these industries.
The National Chimney Sweep Guild represents 2,600 members who provide services in the chimney and venting industries. Both associations strongly endorse member-benefit programs, including this comprehensive insurance product provided by Colony.
The program will be insured by Colony Insurance Company, A.M. Best “A” (Excellent) rated, with underwriting services provided by Stratus.
Source: The Argonaut Group
Starr Aviation Agency, Chubb
Starr Aviation Agency Inc., a wholly-owned specialty subsidiary of C. V. Starr & Co. Inc., and The Chubb Corporation have entered into an underwriting agreement under which Chubb will provide hull and liability coverage to Starr Aviation’s general aviation clients and workers’ compensation coverage to its general and commercial aviation clients.
The general aviation segment includes owners of corporate, private pleasure and small business aircraft, municipalities that own aircraft, sightseeing and air taxi services, aircraft service and maintenance firms, manufacturers of non-critical aircraft parts and small regional airports. It does not include commercial airlines and manufacturers of airframes or critical parts, which are part of the commercial aviation segment.
Sources: Starr Aviation Agency and The Chubb Corporation
.
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