Allstate Corp. CEO Thomas Wilson said at the insurer’s annual meeting this week that the company’s shift away from catastrophe-prone areas and into products other than homeowners insurance will take years to complete. The first-year chief executive said the number …
Los Angeles-based Lemac & Associates has added new markets for catastrophe insurance on major damage earthquake, wind, flood and terrorism risk exposures. Select “A” rated markets for catastrophe insurance include: • Earthquake coverage available in California, Nevada, the New Madrid …
An earthquake damaged an apartment building and knocked bricks off the facades of buildings in southwestern Montana , authorities said. The 4.6 magnitude quake, reported at 9:46 a.m. Tuesday, was centered about nine miles (15 kilometers) northeast of Sheridan, Montana. …
Boston-based AIR Worldwide Corporation announced a collaboration agreeement with the China Earthquake Administration’s (CEA) Institute of Geology to research active faults and conduct “paleoseismic studies” in China. AIR said the findings of the research would enhance its China earthquake model …
Allstate has announced that as of July 1, 2007, it will stop offering new homeowners and landlord package polices (LPP) in California. The announcement does not affect its existing property insurance customers in California. “Allstate is taking responsible action now …
Doug Eden joined Main Street America Group as senior vice president, field operations. Eden will be a member of the company’s senior management team based at its corporate headquarters in Jacksonville, Fla. Eden joins Main Street America from The Hanover …
Commercial Auto Nuts & Bolts: Arrowhead General Insurance Agency Inc. has a commercial auto liability and physical damage coverage program for the standard market. Extra heavy vehicles are accepted, and “Sym 1” is available on fleets of more than five. …
Earthquake Nuts and Bolts: Wholesale Connection Insurance Services, located in Woodland Hills, Calif., added a new carrier to its list of Earthquake markets in California. Dollars: Capacity in zones A, B and E is $2,500,000 for primary and $5 million …
Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The company said it …
The Florida Legislature voted to extend a rate freeze for customers of Citizens Property Insurance. The May 4 measure was a top priority of Gov. Charlie Crist, but was among the last bills passed by the Legislature before it ended …
