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Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the organization were elected at the …

Requirements Drive Need for Surety Bonds

At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. “This past year has seemed to be especially active statutorily and even …

New Requirements Drive Need for Surety Bonds

At least four new surety bonds have hit the market in Texas and Arkansas in the last six months, part of a wave of new bonding requirements nationwide. “This past year has seemed to be especially active statutorily and even …

Insurance Agents Urge Reform of Estate Tax

Insurance agents are pleased that the House of Representatives is paying attention to the estate tax but want lawmakers to seize the opportunity to reform the tax rather than simply extend current provisions. Yesterday, the U.S. House of Representatives passed …

Texas Approves 13 Companies to Self-Insure for Workers’ Comp

The Texas Department of Insurance, Division of Workers’ Compensation (TDI-DWC) approved the renewal of the Certificates of Authority for 13 companies to self-insure for workers’ compensation claims for a one-year period under the TDI-DWC Self-Insurance Regulation program. These 13 companies …

New Leads360 Study Shows the Importance of Consistent Follow-Up to Convert Insurance Leads

With the economic problems faced in these trying times it’s all important that any insurance agency be sure they’re going to get a high ROI (return on investment) from any expenditure, and this is especially true when dealing with internet …

Chubb Encourages Chinese Firms to Adopt Risk Management Practices

Chubb Group recently co-hosted a seminar near Shanghai, which focused on the “increasing number of Chinese exports exposed to product liability claims and litigation in the United States and Europe.” As a result presenters called for Chinese companies to make …

Munich Re America Offers ‘Local’ Nat Cat Frequency Coverage

Munich Reinsurance America, Inc. announced that it now offers a reinsurance product for insurance companies impacted by rising insured losses from ‘local’ natural catastrophes. “The Nat Cat Frequency Cover is designed to protect insurers against the accumulation of losses resulting …

Beazley Launches Two Environmental Insurance Products

The Connecticut-based Beazley Group announced the launch of its first two environmental insurance products “to meet the evolving needs of the environmental services industry.” The Company, a subsidiary of the Beazley group, which is headquartered in London, has built a …

Sipe Named Head of Summit in Florida

Liberty Mutual Agency Markets has appointed Carol Sipe as president and chief executive officer of Summit, which provides monoline workers’ compensation coverage in 10 southeastern states. Sipe succeeds Rick T. Hodges, who has led Summit since 1999. Hodges will retire …