The mayor of the Connecticut town where a power plant was rocked by a fatal explosion says the general contractor building it is asking for property damage claims from neighbors. Middletown Mayor Sebastian Guiliano said Monday that O&G Industries Inc., …
National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”), A.M. Best Rated B+ (Good), is expanding from 25 to 35 states, with their Commercial General Liability coverage now being made available in Alabama, Connecticut, Indiana, Iowa, Kansas, Ohio, Mississippi, …
Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on taxpayer-funded life support. But in …
Vortex Insurance Agency LLC (Vortex), based in Overland Park, Kan., has added “Drought Shield” to its list of available weather insurance products. Drought affects a countless number of agriculture related businesses, including hay producers and ranchers, whose livelihood depends on …
A.M. Best Co. reports it downgraded the financial strength rating to B (Fair) from B+ (Good) and issuer credit ratings to “bb” from “bbb-” of Oklahoma Farm Bureau Group and its members, Oklahoma Farm Bureau Mutual Insurance Company and AgSecurity …
An explosion at an under-construction energy plant in Central Connecticut has killed at least five workers and injured 12 others, prompting a major emergency response by local and state officials as they continue to search for survivors. Investigators say approximately …
ACE Westchester, the Philadelphia-based wholesale-focused P/C operation of the ACE Group, has appointed Bruce Kessler as president of ACE Westchester Casualty and Specialty Lines. Based in Atlanta, Kessler will have responsibility for leading overall efforts in business development, strategic direction …
ProBuilders The ProBuilders risk retention group offering general liability insurance for builders and contractors will stop accepting new business and non-renew most of its 1,800 policies as of March 1. According to Bill Tepe, chief financial officer for NationsBuilder Insurance …
The Hanover won’t have to pay $26,000 in claims on behalf of a Connecticut contractor who accidentally knocked over the house he was working on, a Connecticut Superior Court has ruled. The decision stems from a lawsuit by homeowner James …
As state legislators across the United States enact laws that ban phoning or texting while driving, a new study finds no reductions in crashes after hand-held phone bans take effect. Comparing insurance claims for crash damage in four U.S. jurisdictions …
