Hawaii News

Risk retention groups sustaining profitability

Since the implementation of the Liability Risk Retention Act of 1986, a number of risk retention groups (RRGs) have met the requirements to obtain A.M. Best’s Financial Strength Rating (FSR). Since then, RRGs have continued to sustain operating profitability, according …

News Currents

Companies step up to take Texas Select policyholders Some 150,000 Texas homeowners will be affected by the liquidation of Vesta Fire Insurance Co. and its Texas subsidiaries by the Texas Department of Insurance, but the situation seems to be not …

New Markets

Retail Shopping Centers Nuts & Bolts: Argonaut Group Inc.’s Select Markets segment is expanding its line of products and services to include the retail shopping center marketplace. Highlights include specialized benefits such as coordinated policies for comprehensive landlord-tenant liability coverage, …

Idaho, Alaska, Hawaii lead nation for drownings

A lack of fences around backyard pools and lapses in adult supervision are some of the reasons Idaho ranks fourth in the nation in drowning deaths per capita, a medical doctor says. “Almost 80 percent of children who drown, drown …

New Markets

Retail Carts Nuts & Bolts: General liability, including contractual liability, personal injury and advertising injury liability for retail cart vendors operating concessions and exhibits is available from K&K Insurance Group Inc. This program is specifically tailored for concessionaires, exhibitors and …

Risk Retention Groups Sustaining Profitability

Since the implementation of the Liability Risk Retention Act of 1986, a number of risk retention groups (RRG) have met the requirements to obtain a Best’s Financial Strength Rating (FSR). Since then, RRGs have continued to sustain opertaing profitability, according …

Arrowhead General Offers Wrapups and Conversions for General Contractors

Arrowhead General Insurance Agency Inc.’s Managed Insurance Programs Division is offering a new market for wrapups and conversions for general contractors and developers. The contractors wrapup program includes: *New minimum premiums starting at $250,000; *Conversions; *The ability to handle the …

Texas Agent Group Launches Homeowners Market Web Page

TIP/PIA Texas announced it has set up a special Web page providing information on homeowner markets, in an effort to help with possible solutions in light of the recent problems with Texas Select. This is not an endorsement of any …

Insurance Journal Series ‘The Commissioners’ Presents Interviews with 15 State Regulators

Reinsurance collateral, natural disaster plans, brokerage compensation disclosure, credit scoring, competition for insurance jobs—state insurance regulators across the country deal with these and many other issues. Insurance Journal reveals how they are handling the issues in a series of exclusive …

Lawyers Group Pulls Surfing Contest Sponsorship for Fear of Lawsuits

The nation’s lawyers are coming to Hawaii, and some of them apparently have no fear of sharks — unless they’re the kind that file lawsuits. About 40 lawyers have signed up so far for the National Lawyers on Longboards Surfing …