News

RLI Expands Miscellaneous E&O Coverage Through New Product

RLI has launched a new miscellaneous professional liability product called RLI Target Professionals. The new product is designed to protect firms from lawsuits arising from the performance of their professional services and is available for firms with gross revenues less …

MedMal Direct Insurance Co. Launches MedMal Direct University

Jacksonville-based MedMal Direct Insurance Co. has launched MedMal Direct University. MedMal Direct provides all of its insureds unlimited access to MedMal Direct University: offering clinical and non-clinical risk management courses authored by the school of medicine faculty of Harvard, Stanford …

Associated Builders and Contractors, CNA Partner to Advance Construction Safety

Associated Builders and Contractors (ABC) and CNA’s Construction unit have partnered to advance industry best practices in the field of construction safety. During this three-year partnership, scheduled to launch January 2012, CNA will provide ABC chapters and members with access …

California’s Devonshire Taps Fitzgerald as VP of Business Development

Mike Fitzgerald has joined insurance run-off consulting firm Devonshire as vice president of business development. His responsibilities include developing business initiatives and opportunities to help support and expand Santa Ana, Calif.-based Devonshire’s insurance and reinsurance business services. Fitzgerald previously was …

Marine Insurers Backing Armed Guards as Piracy Threat Grows

More ship insurers are backing the use of private armed guards on merchant vessels at sea to combat Somali piracy as attacks and the resulting costs are set to rise in coming weeks, industry officials said on Tuesday. Pirate attacks …

Ohio Supreme Court: Township not Liable for Officer’s Out-of-Jurisdiction Crash

The Supreme Court of Ohio has ruled that a political subdivision is immune from liability if one of its police officers is involved in a traffic accident when responding to an emergency even if it is located out the officer’s …

Torus Acquires Broadgate, Lloyd’s Syndicate 1301

Specialty insurer Torus has confirmed that it has “entered into an agreement with Clal Insurance Enterprises Holdings Limited to acquire London-based Lloyd’s Syndicate 1301 and its corporate members Broadgate Underwriting Limited and Broadgate Underwriting 2010 Limited.” The acquisition is subject …

Bastrop, Texas, Wildfire Nearly Contained, Thousands Left Homeless

A wildfire that began more than two weeks ago in Bastrop County is 95 percent contained, according to the Texas Forest Service. The area is about 25 miles east of Austin. The TFS reports that the cause of the fire …

Texas Workers’ Comp Weekly Benefit Rates Set

The Texas Department of Insurance – Division of Workers’ Compensation announced that the maximum weekly benefit rates for workers’ compensation income benefits is set at $787 and the minimum weekly benefit rate is set at $118 for the period of …

Former Controller for Texas Insurer Sentenced for Wire Fraud Scheme

The former controller for a Houston-based property/casualty insurance company has been sentenced to 120 months in federal prison for her conviction of conspiracy to commit wire fraud involving almost $1 million in loss to the victim company, according to the …

News Archives by Month