Legislation aimed at streamlining and reducing barriers in state regulation of surplus lines insurance and reinsurance has been introduced in the U.S. Senate. The Nonadmitted and Reinsurance Reform Act (NRRA) of 2009, or S 1363, would create a uniform regulatory …
AmWINS Group CEO M. Steven DeCarlo has received the Ernst & Young Entrepreneur of the Year 2009 Award in the Business and Financial Services category in the Carolinas. According to Ernst & Young LLP, the award recognizes “outstanding entrepreneurs who …
The Swett & Crawford Underwriting Practice Group, headquartered in Atlanta, Ga., and CNA have collaborated in the development of a new nationwide program for equipment breakdown coverage open to more than 450 eligible classes. Written on a comprehensive form, the …
Ironshore Inc. reported it has raised equity financing of up to $300 million to support the continued expansion of its specialty insurance business. In connection with this financing, Ironshore said it has entered into an agreement with the private equity …
Edward J. Maucere, former owner of London American General Agency Inc., a San Diego-based wholesale brokerage and underwriting manager for commercial transportation business, passed away unexpectedly on June 12, 2009, at Palomar Hospital in Escondido, Calif. Maucere’s committment to professionalism, …
Legislation intended to clarify the regulation of the surplus lines insurance industry in Florida has beeen signed into law by Gov. Charlie Crist. The legislation (HB 853) removes an ambiguity caused by two Florida Supreme Court rulings last year that …
Woodbridge, N.J.-based NIP Programs, a division of NIP Group Inc., is expanding coverage for its SitePro insurance program into nine new states. The SitePro program is a specialty insurance program designed specifically for excavation, site preparation, land improvement, grading of …
Melville, New York-based managing general agent WKF&C Agency Inc. if offering an expanded coastal wind facility for E&S property lines in four New England states. The expansion adds extra capacity for risks including, restaurants, shopping centers, industrial buildings and and …
Mississippi Insurance Commissioner Mike Chaney has delivered a $2 million check targeted for the state’s general fund. The money, derived from fees paid by the surplus lines insurance industry, will go to the Department of Finance and Administration for deposit …
Legislation intended to clarify the regulation of the surplus lines insurance industry in Florida has reached the desk of Gov. Charlie Crist. Crist has until June 16 to sign the bill (HB 853), which the industry hopes and expects he …
