Pennsylvania’s Agriculture Secretary Dennis C. Wolff announced that the state’s “AGR-Lite” crop insurance protection program’s maximum policy size has been raised to $250,000, from the original $100,000 ceiling. The program is an improved and streamlined version of the “Adjusted Gross …
Connecticut-based Target Insurance Services is offering a new market for employment practices liability. Dollars: Policy limits of $3 million/$3 million; deductibles of $5,000; minimum premiums of $5,000. Carrier: Hudson Insurance Co. Rated “A” XI. Admitted market. States Available: Connecticut, Delaware, …
Stephen Way, chairman and CEO of Houston-based HCC Insurance Holdings, Inc., announced that the company had reached an agreement to acquire Rockwood Programs, Inc. headquartered in Wilmington, Del. Terms of the transaction were not disclosed, but it is expected to …
In a legislative session reportedly dominated by budget issues, Delaware lawmakers rejected a ban on the use of credit-based insurance scores and took a compromise approach toward medical liability reform. The Legislature also passed a bill affecting insurers’ investment in …
Penn National Insurance recently hired Bryce Goodwin as its new commercial lines territory manager in northern New Jersey. “Bryce brings more than 25 years of industry expertise and multi-line knowledge to Penn National Insurance,” said Eric Lange, New Jersey operations …
A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James River Group Inc., a Delaware holding company organized …
A.M. Best Co. assigned an initial financial strength rating of “A-” (Excellent) to James River Insurance Company (James River). The rating outlook is stable. The company is the insurance subsidiary of James River Group Inc., a Delaware holding company organized …
New Jersey Banking and Insurance Commissioner Holly Bakke announced a broad-ranging agreement recently to protect consumer access to automobile insurance in New Jersey, in which subsidiaries of American International Group (AIG) – the State’s seventh largest auto insurer – agree …
A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to James River Insurance Company (James River) (Wilmington, Del.). The rating outlook is stable. The company is the insurance subsidiary of James River Group, Inc., a Delaware …
The Maine legislature tackled several important issues this session such as credit-based insurance scores and workers’ compensation, however it deferred action on establishing building codes and creating a joint underwriting authority to address affordability issues with coastal property. Maine joined …
