Alabama News

My New Markets

Youth Recreation Programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage includes general liability, umbrella, sexual abuse/molestation, D&O, child abduction, special events, professional liability, property, key employee replacement, auto, crime, and business …

My New Markets

Private Schools (K-12) Nuts & Bolts: Markel Insurance Co. is an admitted, “A” -rated carrier that insures private K-12, Montessori, charter, trade/vocational, business, and correspondence schools. Available coverage includes general liability, umbrella, sexual abuse/molestation, corporal punishment, educators’ liability, sports liability, …

Business Moves

HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in the northeastern United States. …

Report: Insurers did not shift wind claims

A preliminary report from the federal government found no evidence to support allegations that private insurers improperly shifted wind damage claims from Hurricane Katrina onto the federal government’s flood insurance program. At the same time, the Department of Homeland Security …

My New Markets

Medical Staffing Professional Liability Nuts & Bolts: International Excess Agency Inc. is offering claims-made allied health care stand alone professional liability insurance. A PL/GL combo program is also available. Dollars: $100,000 to $10 million. Carrier: Lloyds of London rated “A” …

My New Markets

Environmental Consultants-Contractors Nuts & Bolts: As part of the comprehensive coverage care suite of products, ELM Insurance Brokers has an addition to its errors and omissions/directors and officers/ employment practices liability/crime and fiduciary suite, environmental liability for consultants and contractors’ …

Alabama realtors call for coastal insurance relief

Owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums and insurance legislation to make coverage available and affordable on the coast couldn’t come soon enough for the resort real estate …

Declarations

Declarations Alabama ceiling “It’s horrible. Rates have gone through the ceiling.” — Fort Morgan, Ala., builder Greg Miller who said he paid $22,000 in coverage on four condo units before Katrina and now pays $108,000 on his units for less …

My New Markets

Youth Recreation Programs Nuts & Bolts: Markel Insurance Co. is offering coverage for youth recreation programs and camps. Coverage available includes general liability, umbrella, sexual abuse/molestation, D&O, child abduction, special events, professional liability, property, key employee replacement, auto, crime, and …

Business Moves

Endurance Specialty, ARMTech Endurance Specialty Holdings Ltd., a Bermuda-based provider of property and casualty insurance and reinsurance, reported that one of its U.S. based holding companies is buying out ARMtech Insurance Services Inc. and its affiliates. ARMtech is the fifth …