President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address …
BP said the oil spill in the Gulf of Mexico had already cost it $1.6 billion and that it would begin operating an additional mechanism to capture more crude from the leaking well in the coming days. London-based BP said …
Pacific Gateway Insurance of Valencia, Calif., has added the field underwriting staff previously with Berkshire Hathaway Homestate Companies. Pacific Gateway acquired BHHC’s property/casualty division in April. Customers who have worked with the BHHC commercial auto division are already familiar with …
North Carolina’s current cap for monetary damages it could receive from oil spills would be eliminated in legislation approved last week by a House committee in response to the BP disaster in the Gulf of Mexico. Environmental groups lined up …
Statehouse Casualty Managers and The Windward Group have entered into a preferred partnership with an A- / IX specialty lines insurer to underwrite umbrella coverage for a broad class of businesses. The coverage will be written on an ISO umbrella …
Thousands of 9/11 rescue and recovery workers suing New York City over their exposure to clouds of pulverized glass and cement at the World Trade Center site have to decide whether they have more faith in their lawyers or Congress. …
Physicians Healthcare Management Group, Inc.’s exclusive affiliate, Physhield Insurance Exchange, a Risk Retention Group, has received approval from the state of Maryland Insurance Administration to underwrite medical malpractice insurance in the state. The insurance will be sold through the sales …
Mark Bridges and Bry Ewan got the idea for creating a producer development program within the Combined Agents of America (CAA) while attending a producer school in Florida. Bridges explained that during his first year in the insurance business he …
Farmers & Mechanics Insurance in West Virginia is now offering a new Service Line coverage, which pays to repair underground outdoor water, sewer and electrical service lines that fail because of perils that would not be covered under most homeowners …
AIR Worldwide (AIR) is reporting the certification of its 2010 U.S. Hurricane Model by the Florida Commission on Hurricane Loss Projection Methodology. The commission certifies models for use by insurers for developing Florida residential and commercial residential property rate filings. …
