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Zurich Launches Umbrella Product for Lumber and Hardware Firms

Zurich North America Commercial’s Specialties business unit is now offering a monoline umbrella product for customers engaged in the lumber and hardware industries. This offering is administered by the Huntersville, N.C.-based American Lumber Underwriters and is available to agents and …

Bermuda Insurers, Reinsurers Oppose State Cat Fund Bill – HR 2555

The Association of Bermuda Insurers and Reinsurers (ABIR) has filed an opposition to HR 2555 which, the Association warns would “replace private sector risk bearing capital with government reinsurance and government guarantees of state debt.” In a letter addressed to …

Ironshore Transition Liability Coverage Manages Risk of Discontinued Products

Ironshore Inc.’s Specialty Casualty division can now provide dedicated general liability or follow form excess insurance coverage as a separate policy to protect against past or future product liability risk. Transition protection insurance can be underwritten for a period of …

Two Lawyers Named to Minnesota Auto Insurance Plan Governing Committee

Minnesota Commerce Commissioner Glenn Wilson has appointed two public members to the governing committee of the Minnesota Automobile Insurance Plan (MAIP). Thomas J. Evenson is an associate with Lind, Jensen, Sullivan & Peterson, P.A. in Minneapolis. He is a civil …

State Insurance Commissioners Name 28 Consumer Liaisons

The National Association of Insurance Commissioners (NAIC) recently named 18 funded and 10 unfunded consumer liaison representatives for 2010. Seven of the funded consumer representatives participated in the program in 2009, while 11 are new to the NAIC program. Established …

Toyota to Investigate Prius California Police Say Accelerated

The driver of a 2008 Toyota Prius said his car uncontrollably accelerated to over 90 miles per hour on a San Diego County freeway before a California Highway Patrol officer helped him stop the car, police said. The driver, 61-year-old …

Kansas Debates Ignition Lock Reporting Amendment

Some fear a proposed amendment to a drunken driving bill would make it easier for DUI offenders to avoid getting a device that prevents them from starting their vehicles if they have had too much to drink. That’s because the …

Michigan School District Held Liable for Bullying

A Michigan school district accused of not doing enough to prevent the harassment of a student has been ordered to pay $800,000. Hudson Area Schools, in Lenawee County near the Ohio border, was sued by the parents of a young …

New Jersey Assembly Panel Advances Distracted Driver Bill

Police in New Jersey may soon have to note whether a driver was distracted before having an accident. A bill approved by an Assembly committee last week requires officers to check a box describing the type of distraction. The list …

Why Public Adjusters Are Not Enemies of Independent Agents

Here’s why working with a public adjuster can be good for an independent insurance agency and for its customers: 1. After a disaster, insureds have hundreds or even thousands of questions and worries. In a large-scale disaster, many of your …

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