Delaware News

New Markets

Outsourcing Coverage Nuts & Bolts: Lexington Ins. Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and overseas outsourcing. Outsourcing Protector, an endorsement to …

Outsourcing Coverage

Nuts & Bolts: Lexington Ins. Co., a member company of American International Group, launched Outsourcing Protector, a new property insurance offering designed to help companies address the risks of domestic and overseas outsourcing. Outsourcing Protector, an endorsement to Lexington’s multi-peril …

Best Places FSR for Temple Insurance Co. Under Review; Negative Outlook

A.M. Best Co. has placed the financial strength rating of A (Excellent) of Temple Insurance Company (Temple) (Toronto) under review with negative implications, in line with Muenchener Rueckversicherungs-Gesellschaft (Munich Re) (Germany), following the announcement that Munich Re was reviewing the …

D.C. Department Approves ProAssurance Acquisition of NCRIC Inc.; Aug. 2 Vote Scheduled

Medical malpractice insurers writers NCRIC Group Inc. and ProAssurance Corporation announced that the District of Columbia Department of Insurance, Securities and Banking has approved the proposed acquisition of NCRIC, Inc. as part of ProAssurance’s proposed acquisition of NCRIC Group. This …

A.M. Best Places Ratings for American Re Under Review; Negative Implications

A.M. Best Co. has placed the financial strength ratings of A (Excellent) under review with negative implications for American Re Corporation Group’s (American Re) member companies, which include American Re-Insurance Company (American Re-Insurance), American Alternative Insurance Corporation and The Princeton …

Security Breach Laws Should Concern Insurers, NAMIC Says

Differences in the 19 security breach notification laws enacted so far this year should be of concern to insurers conducting business in multiple states, according to an analysis by the National Association of Mutual Insurance Companies (NAMIC). The latest NAMIC …

Target Markets Aims to Win

Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild of Glenn Clark, owner and president of Wilmington, …

Nationwide’s Allied Insurance Looking for Agents in South and East

The independent agency arm of giant Nationwide Insurance is expanding and looking for agents in the East and South. Allied Insurance now has more than 4,500 independent agency locations in the West and Midwest. It began writing personal and small …

Nationwide’s Allied Insurance Looking for Agents in South and East

The independent agency arm of giant Nationwide Insurance is expanding and looking for agents in the East and South. Allied Insurance now has more than 4,500 independent agency locations in the West and Midwest. It began writing personal and small …

Commerce Bancorp Buys Conn.’s BK International Insurance Brokers

Commerce Insurance Services, a wholly-owned subsidiary of Commerce Bancorp, Inc., has entered into an agreement to acquire BK International Insurance Brokers, Ltd., headquartered in Greenwich, Connecticut. The acquisition will complement Commerce Bank’s expansion into Connecticut, where it will open its …