California News

Florida Workers’ Compensation Market Remains Competitive: Report

Florida’s workers’ compensation market remains competitive with more than 250 private insurers writing coverage and only a fraction of business being funneled to the residual market. Also, availability does not appear to be a major concern in the aggregate, although …

CompPartners Names Hutchings Account Manager

Sue C. Hutchings has joined CompPartners, a workers’ compensation, disability, and group health managed care organization, as account manager. She brings 25 years of experience to the position, having most recently served as regional workers’ compensation claims supervisor for PMA …

Year-End Storms Cloud P/C Insurers’ Profit Picture

U.S. property insurers like Travelers Cos. Inc. and Chubb Corp. were expecting a relatively mild fourth quarter for catastrophe losses, but a series of punishing storms across the country in December may have blown away those estimates. That could add …

California Wholesaler Appointing Wholesalers, Surplus Lines Brokers, MGA’s to Write E&O Insurance

Effective January 5 2011 – Laurel Fowler Insurance Broker, Inc – California based wholesaler is appointing Wholesalers, Surplus lines Brokers and MGA’s in Texas, California, Florida and most States, to write E&O insurance. Policy Hightlight: Defense costs may be available …

Fortegra Financial Acquires California Motor Club

Insurance services company Fortegra Financial Corp. has acquired Auto Knight Motor Club Inc., a Palm Springs, Calif., company that provides motor club membership, vehicle service plans and tire and wheel programs. Jacksonville, Fla.-based Fortegra said the acquisition will broaden its …

Hub International Acquires Four Western Companies

Chicago-based Hub International Ltd. (Hub), an insurance brokerage firm, has announced several acquisitions. It has acquired the shares of Hall-Conway-Jackson Inc. and the assets of Cascade Insurance Group Inc., Bothell, Washington-based insurance brokerage and employee benefit firms, respectively. Terms of …

SullivanCurtisMonroe Names Lanterman Senior VP

Irvine, Calif.-based SullivanCurtisMonroe has named Mike Lanterman senior vice president in its Irvine office. Lanterman joins SCM from USI South Coast Insurance Services, where he was a vice president. Prior to that, he was a regional sales manager for Benelect …

OneBeacon Rebrands Entertainment Division as OneBeacon Entertainment

OneBeacon Insurance Group has introduced OneBeacon Entertainment as the trade name for its entertainment, sports and leisure business. OneBeacon Entertainment also encompasses Entertainment Brokers International Insurance Services (“EBI”), a managing general agency that OneBeacon acquired in July 2008. The overall …

Toyota Says Subrogation By 7 Insurers for Acceleration Claims Is Meritless

Seven automobile insurance firms have followed Allstate Insurance Co. in suing Toyota Motor Corp. to recover money they paid in claims for car crashes blamed on unintended acceleration of Toyota vehicles. The insurers’ court action has opened a new front …

Alliant Acquires T&H Group

Specialty insurance brokers Alliant Insurance Services has acquired New York city-based T&H Group for an undisclosed sum. T&H Group, which operated as Tanenbaum-Harber Co. until changing its name last year, was established in 1860 and primarily targets upper middle market …