Bermuda-based Everest Re Group has issued a statement following receipt of a subpoena from the Securities and Exchange Commission seeking information about finite reinsurance, or loss-mitigation insurance products. Everest Re said that it will “fully cooperate with this and any …
Results of a study released Thursday suggest that millions of Americans lack basic knowledge of rules of the road and safe automobile operation. In fact, the study shows that if tested today, one in 10 drivers – nearly 20 million …
Internet Basic Liability Policy for Small, Mid-Size Tech Firms Nuts & Bolts: St. Paul Travelers launched a basic Internet liability policy aimed at small to mid-size technology firms. Internet basic liability protection is designed for technology businesses or firms with …
NBIS appointed Joseph Savarese senior vice president of underwriting. He will focus on the company’s Eastern and Western U.S. presence working to establish a network of insurance agents and brokers in the contractors insurance market. Savarese began his career as …
Delaware Insurance Commissioner Matt Denn announced that State Farm Insurance, the state’s largest insurer of homes and second largest auto insurer, would cut its automobile and homeowners insurance rates by an average of 5 percent in the coming year. This …
Investigative subpoenas have been issued by Florida Insurance Commissioner Kevin McCarty probing the dealings of 17 reinsurers selling finite risk policies. The companies on the receiving end of the subpoenas, including several Bermuda-based companies and those with offices on the …
Staffing Firms Nuts & Bolts: Victor O. Schinnerer and Company launched SpecialtyOne, an errors and omissions insurance program for management consultants and staffing firms. Target risks for the program include a range of consultants such as management, marketing, human resource, …
Joseph Savarese NBIS appointed Joseph Savarese senior vice president of underwriting. He will focus on the company’s Eastern and Western U.S. presence working to establish a network of insurance agents and brokers in the contractors insurance market. Savarese began his …
New Hampshire is the only state that doesn’t require adult motorists to wear seat belts, but it does ticket drivers for eating, drinking, talking on a cell phone or fussing with their makeup while behind the wheel. The state whose …
Nuts & Bolts: Lexington Insurance 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 multiperil …
