Excess/Surplus, Specialty, Wholesaler Brokers News

Elder Joins All Risks’ New REO/Foreclosure Property Program

Tom Elder has joined the All Risks National Specialty Programs unit as the lead financial institutions underwriter for the new nationwide REO/Foreclosure and Lender Placed Property Insurance Program. At All Risks, he will target commercial banks, credit unions, savings and …

Named Storm Deductible Bill Passes Louisiana House

Two bills of interest to the insurance industry are making their way through the Louisiana legislative session, which convened April 27. House Bill 333, by Rep. Kleckley, which places limitations on named-storm, hurricane, and wind and hail homeowner insurance deductibles, …

Florida Lawmakers Pass Surplus Lines Insurance Regulation Exemption

Florida Gov. Charlie Crist has a bill on his desk that promises to clarify the state’s regulation of the surplus lines insurance business. The Florida Senate on May 1 joined in the House in passing the measure lobbied for by …

Crump Names Murphy as CFO

Crump Insurance Services Inc., based in Roseland, N.J., named Christopher Murphy as chief financial officer. In this position, Murphy is responsible for all financial activities of Crump Insurance Services, including implementing and maintaining financial systems, providing financial advice and support, …

Hub Sells ABCO Insurance Wholesaler to Former Owner

Insurance broker Hub International Limited is selling some of its Florida wholesale and specialty insurance business back to a previous owner. Hub said it is selling Hub International Florida, including wholesaler ABCO Insurance Underwriters and ABCO Premium Finance, in addition …

Delta Celebrates 50 Years

Houston, Texas-based Delta General Agency Corp. celebrates its 50th anniversary in the insurance business this year. Delta was founded in 1959 by Avrohm Wisenberg, a long-time Houston retail agent, as a means of providing access by agents in Texas to …

Louisiana Legislative Session Begins; More than 1,100 Bills Pre-filed

David Tatman of the Tatman Group and lobbyist for the Louisiana Surplus Lines Association, has outlined some of the legislation that group will be following during Louisiana’s legislative session, which opens today. Tatman said in an e-mailed announcement that several …

Florida Bills to Clarify Regulation of Surplus Lines Insurance Advance

Florida’s surplus lines insurance brokers and carriers are encouraged that legislation to clarify the surplus lines industry’s regulatory status in the state has survived several committee hurdles and appears headed for a full vote this week in the House and …

Wisconsin-Based Vanguard Insurance Caught in Michigan Licensing Snafu

Michigan’s insurance regulator has ordered a Wisconsin-based managing general insurance agency, Vanguard Insurance Placement Inc., to immediately stop doing business in Michigan. According to the Michigan Office of Financial and Insurance Regulation (OFIR), the agency violated the Michigan Insurance Code …

Martinez Joins General Insurance Agent J.M. Wilson in Southern Region

Michigan-based managing general agency J.M. Wilson has added Debbie Martinez as Sales and Underwriting manager for its southern regional office in Charleston, South Carolina. Martinez will be responsible for developing relationships and growing J.M. Wilson’s presence in the South. With …