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CNA Select Risk Extends Reach with New York, Los Angeles Offices

CNA Select Risk – which includes Excess & Surplus (E&S) business, as well as Wholesale Property accounts – announces new growth in its Casualty unit with the opening of new locations in New York City and, soon, Los Angeles. The …

Insurers Paid $768 Million in Losses from 2009 Colorado Windstorm

An insurance organization says a windstorm that brought two weak tornadoes, rain and hail to the western Denver suburbs last July caused $768 million in insured losses to vehicles and homes. The Rocky Mountain Insurance Information Association said that it’s …

South Carolina Boating Deaths On Rise

Boating deaths in South Carolina this year have already surpassed the total in 2009, and safety officials are worried with the Memorial Day weekend approaching. The Sun News of Myrtle Beach reported that, as of last Friday, 15 people had …

Survey: Michigan Employers Shifting Healthcare Costs to Employees

A survey of mid-sized Southeast Michigan employers shows that health benefits are on par with national trends as traditionally rich benefit offerings go by the wayside, according to McGraw Wentworth, a Michigan-based employee group benefit brokerage/consulting firm. McGraw Wentworth’s 2010 …

More Homeowners Could Need Flood Coverage with Post-Ike Maps

A federal revision of flood maps in 17 Texas coastal counties based on information from Hurricane Ike could lead to costly insurance increases for some homeowners. The Houston Chronicle reported that hurricane levees completed in the 1980s are unlikely to …

Louisiana Insurance Commissioner Urges Flood, Hurricane Preparedness

Louisiana Insurance Commissioner Jim Donelon kicked off his summer storm tour to raise awareness for hurricane and flood preparedness by urging consumers to protect themselves and their property against Louisiana’s most frequent and unpredictable natural disasters. Experts are predicting an …

Lynkins to Head Insurance Council of New Jersey

Deana Lykins has been named president of the Insurance Council of New Jersey (ICNJ), the a trade association for the state’s property/casualty insurance industry. As president, Lykins will oversee the operations of the organization and serve as primary spokesperson for …

MGAs Called Critical to Florida’s Property Insurance Market

Several of Florida’s insurers with affiliated managing general agencies (MGAs) have come in for criticism recently but there is no widespread problem with the MGA model, regulators and insurance industry executives agree. In a new Insurance Journal video interview, they …

Mountain West Offers EPL Product in Arizona

In today’s workplace, 60 percent of employers will eventually face a lawsuit related to alleged unlawful employment practices, according to Jury Verdict Research. These cases pose a financial risk to any business. Defending a wrongful termination or discrimination claim – …

New York Insurance Regulator Hands Out Large Fines

New York insurance regulators have handed out some sizable fines in the last several months, including one for $360,000 to a large national insurer that mischarged auto insurance customers. Clarendon National Insurance paid the fine for violations of state insurance …

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