District Of Columbia News

Aon to Sponsor NY Howard University Summer Intern Event

Aon announced that it is joining a number of New York area insurance and consulting firms that have teamed up with Howard University to sponsor a special summer intern program designed to encourage highly qualified students to enter the insurance …

Prudential “Spirit of Community Award” for N.J. Youth Volunteers

Gideon Sofer, 18, of Highland Park, N.J. was named one of America’s top ten youth volunteers for 2003 in a ceremony today at the International Trade Center, in Washington D.C., receiving a national Prudential Spirit of Community Award for his …

Jurors Speak Out in State Farm vs. Pyorre and Wier Case

Mendocino County Superior Court Judge Richard Henderson recently overturned a jury’s $6 million award to former State Farm agents Rich Pyorre and John Wier, of Fort Bragg and Crescent City, Calif., respectively, in a six-week trial that pitted the former …

Mo. Young Agent Awarded IIABA Scholarship

Kevin B. Hutchinson, CIC, CRM , a producer with C. J. Thomas Company in St. Louis, is the inaugural recipient of the Maurice Herndon scholarship established by the Independent Insurance Agents & Brokers of America (IIABA) to help a young …

ACE USA Names New Regional Executive Management Structure

ACE USA has announced a new organizational structure in which nine newly-named regional executives will oversee ACE’s regional operations. As the senior executive in each geographic region, and working closely with the ACE divisional presidents, the regional executives will oversee …

Boards Approve Plans for Conversion and Reorganization of NCRIC

NCRIC, A Mutual Holding Company (NCRIC-MHC), based in Washington D.C. and NCRIC Group, Inc., a Delaware corporation, announced that their respective boards of directors have approved a plan of conversion and reorganization for NCRIC MHC which will “complete the transition …

NAII Says 35 States Have Adopted ISO Mold Limitations

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 …

Hanover Fire and Casualty Ratings Affirmed

Standard & Poor’s Ratings Services announced it has affirmed its “Bbpi” counterparty credit and financial strength ratings of Hanover Fire and Casualty Insurance Co. of Plymouth Meeting, Pa. According to S&P’s analyst Alan Koerber, Hanover’s ratings correspond to its small …

Calif. Workers’ Comp: The Road to Rehabilitation

We all know what the problems are in the California workers’ compensation market, and now it’s time for the solutions. With the upcoming election well underway, California will soon see a new Insurance Commissioner who will hopefully shine the light …

IIABA Applauds Agreement on Terrorism Insurance

The Independent Insurance Agents & Brokers of America (IIABA) is praising President George W. Bush’s leadership and commending Congressional leaders for uniting to reach an agreement on pending terrorism insurance legislation that would create a federal backstop for future terrorism …