Delaware News

Hughes Joins Ames & Gough to Focus on Pa.-N.J.-Del.

Ames & Gough, an insurance broker specializing in serving architects, engineers and law firms, has hired Robert G. Hughes as a vice president with responsibility for business in Pennsylvania, New Jersey and Delaware. Hughes will work from West Chester, Pa. …

Maryland mulls how to keep property insurers on coast

Alarmed that homeowners on Maryland’s coasts may one day be cut off from home insurance, state lawmakers are mulling new rules prohibiting insurers from pulling out of areas they deem risky. But insurers met with lawmakers recently to tell them …

People and Places

Boston-based Risk Specialists Cos. Inc., a member company of American International Group Inc., has appointed David A. Jordan as chief operating officer. Jordan will continue as a senior vice president of Lexington Insurance Co. In this newly-created position at Risk …

New Markets

Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …

Delaware doctors form insurer

A group of Kent County, Delaware doctors has decided to form a risk retention group to provide malpractice coverage. According to Insurance Commissioner Matthew Denn, the group is tapping the state’s Medical Malpractice Initiative Pilot Program, which loans $500,000 to …

It Figures

1,600 The number of drivers Massachusetts Attorney General Martha Coakley says purchased car insurance from Liberty Mutual in response to a direct mail ad campaign she says was misleading. The ads promoted lower rates and special discounts not available in …

Allied Small Habitational Risk Unit Serves 8 East Coast States

Allied Insurance Brokers, a managing general agency in Marriottsvile, Md. specializing in habitational accounts, has opened an underwriting unit targeting small to medium size apartment and condominium risks. This coverage is written as a Commercial Package Policy with enhancements, including …

New Markets

Banking Engagement Insurance Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa. (National Union), a member company of American International Group Inc. (AIG), announced the launch of its Investment Banking Engagement Insurance (IBEI) policy, a new type of …

Iowa Joins Regulators’ State Based Systems Program

The National Association of Insurance Commissioners (NAIC) today announced that the Iowa Division of Insurance will implement State Based Systems (SBS) to serve its regulatory business needs. “We are pleased to be joining the partnership between SBS states and the …

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …