Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …
Iroquois Mid-Atlantic, a unit of The Iroquois Group, announced its expansion into Pennsylvania, and appointed Robert Weidler as regional manager for that state. Weidler joins Iroquois with over 30 years experience in insurance on both the agency and carrier side, …
Members of two Pennsylvania independent agent associations, The Independent Insurance Agents of Pennsylvania (IIAP) and the Pennsylvania members of Professional Insurance Agents Association (PIA) of Pennsylvania, Maryland and Delaware, have approved a consolidation to create one of the largest such …
Nuts & Bolts: Strata Insurance Agency Inc. has available a program for Hotels/Motels. Endorsements – Hotel coverage enhancements for P/C. Primary target is franchise properties over 100 units and under 25 years old. Program will consider non-franchise properties if it …
Harleysville Mutual Insurance Company, which owns 56 percent of Harleysville, Pa.-based Harleysville Group Inc., announced an agreement to acquire the operations of Penn Mutual Insurance Company. “The in-market acquisition of Penn Mutual’s operations reinforces our position as a premier insurance …
W. R. Berkley Corporation has closed its previously announced public offering of 4,715,000 shares of common stock. The number of shares sold includes 615,000 shares sold pursuant to the exercise of the underwriters’ over-allotment option. The Company received total net …
Standard & Poor’s Ratings Services revised its financial strength ratings (FSR) on Highlands Insurance Co. and affiliated companies to “R” from triple-“Cpi” following insurance holding company Highlands Insurance Group Inc.’s announcement on Oct. 31, 2002, that it filed for Chapter …
Copart Inc. opened its 12th auction facility in Texas. According to the company, with the addition of this 12-acre greenfield facility in Corpus Christi it now has 99 locations in 40 states. “The new Corpus Christi location is in the …
Kevin Kowar as been named regional director and vice president of Main Street America Group’s Southern Region. Main Street America Group’s Southern Region includes Virginia, Maryland, Delaware, Tennessee, North Carolina and South Carolina. As director of the Southern Region, Kowar …
The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an insurance policy. In the case of …
