New York-based insurer Privilege Underwriters Reciprocal Exchange (PURE) says it will begin offering property and casualty insurance coverage to owners of high-value homes in Connecticut. PURE, which is a member-owned reciprocal insurer, has also received licenses in Maryland, Georgia, Alabama …
Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating on W.R. Berkley Corp.’s proposed issue of approximately $300 million senior unsecured notes, which are due in 2019. WRB will use the net proceeds of the issue to …
Tornadoes that occur from hurricanes moving inland from the Gulf Coast are increasing in frequency, according to researchers at the Georgia Institute of Technology. This increase seems to reflect the increase in size and frequency among large hurricanes that make …
Pennsylvania-based property/casualty insurer Donegal Mutual has agreed to an affiliation that brings Southern Mutual Insurance Co. into Donegal’s insurance pool and gives the Georgia insurer additional products to sell. According to Donald H. Nikolaus, president of Donegal Mutual Insurance Co., …
Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …
Miami-based First Commercial Insurance Co. and its subsidiary have been declared insolvent and ordered liquidated about six weeks after being placed under state control. All policies written by FCIC and its subsidiary, First Commercial Transportation and Property Insurance Co., are …
CNA Financial Corp. named Bob Lindemann as president and chief operating officer of CNA’s Commercial Lines operations. In this role, Lindemann will be responsible for CNA’s $3.5 billion commercial property/casualty business, which is now comprised of Business Insurance, serving smaller …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …
Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with bankrupt First Commercial Insurance Co., which is in liquidation. Florida CFO Alex Sink said her office negotiated the …
A vast majority of Americans surveyed say they would support legislation restricting cell phone use while driving. Some 80 percent of those surveyed by Nationwide Insurance in its new One Your side survey say they would favor a ban on …
