Five Star Specialty Programs has announced a new market for the business auto program, which will provide additional coverage for more classes, including wholesale distributors, retail locations and various contractors. The company, which is a division of Crump Insurance Services, …
BevCap Management, LLC has been named the exclusive program manager for new insurance programs by the National Beer Wholesalers Association (NBWA). The program for traditional guaranteed cost property and casualty and will be underwritten by SPARTA Insurance Co. It is …
Ascension Insurance is expanding in North Carolina with its third agency acquisition in the state in the past three years. Ascension’s most recent acquisition is Falcone Williams Insurance, located in Huntersville, North Carolina. Falcone Williams provides business and personal lines …
Heffernan Insurance Brokers, an independent insurance brokerage headquartered in Walnut Creek, Calif., hired Victor Fonseca to join its New York office as vice president of construction practice. Fonseca brings over 17 years of insurance experience to Heffernan and has specialized …
Speaking at an industry conference yesterday, the Federal Insurance Office’s top official gave an update on his department’s upcoming report on the U.S. insurance regulatory system. FIO Director Michael McRaith said he has received close to 150 comment letters from …
Vermont added 41 new captive insurance companies last year, bringing the total number of licenses to 952, with 590 active captive insurance companies, according to data released by the Vermont Banking, Insurance, Securities and Health Care Administration. It was the …
Most property/casualty insurance executives believe the worst of the financial crisis is over and that the industry is now in the early stages of a hard market, according to a survey from the Insurance Information Institute. The I.I.I. conducted the …
The number of traffic stops across Illinois has dropped by nearly 6 percent and the number of ticketed motorists has dipped about 11 percent, according to a published report. The Chicago Tribune analyzed state data on traffic tickets from 2008 …
The Climate Corp. announced the official opening of its newest office, this one in Seattle, Wash. The Climate Corp. combines data climatology and agronomy to protect the $3 trillion global agriculture industry with automated weather insurance products. The Seattle location …
A.M. Best Co. has assigned a financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” to Singapore-based SHC Capital Limited, both with stable outlooks. The ratings reflect SHC Capital’s “adequate risk-adjusted capitalization (as measured by Best’s Capital …
