Hawaii News

Insurance Licensing Fees Double in Hawaii

Hawaii’s 2010 Legislature has passed a bill, HB 1985, that will double all insurance licensing fees in Hawaii effective July 1, 2010, to June 30, 2014, including issuance, service, and renewal fees for insurers, producers, adjusters, surplus lines brokers, service …

Road Hazard: 20% of U.S. Drivers Would Flunk If Given Driving Test

The nation’s most knowledgeable drivers are in Idaho, Wisconsin, Montana and Kansas, while the least knowledgeable are in New York, New Jersey, Hawaii and California. That’s according to results from the 2009 GMAC Insurance National Drivers Test, which found that …

Forecasters Expect Below Average Hurricane Season for Central Pacific

Weather forecasters said this week that a below-average total of two to three hurricanes are likely to pass through Central Pacific waters this year as ocean surface temperatures cool. But only one hurricane needs to hit land to cause damage, …

New Markets

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. Allied Health and Medical Pros Market Detail: CRES Insurance Services MedSurance A&M is an insurance …

Island Insurance President Elected to NCCI Board of Directors

The National Council on Compensation Insurance Inc. (NCCI), the largest provider of workers compensation and employee injury data and statistics in the nation, has elected John Schapperle, president and chief operating officer of Island Insurance, to its board of directors. …

Hawaii Laws To Increase Insurance Costs, Group Says

Laws enacted in the just-concluded 2010 Hawaii legislative session will increase insurance costs and possibly affect premiums for Hawaii consumers and businesses, the Property Casualty Insurers Association of America said. “Hawaii is facing difficult state budget problems, and we realize …

Best Sees No Change in National Interstate’s Ratings on Vanliner Acquisition

A.M. Best Co. commented that the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit rating (ICR) of “a+” of National Interstate Group and its members and the ICR of “bbb+” of the group’s publicly traded parent, National Interstate …

Argo Group’s Insight Services Expands Insurance Agent E&O Coverage

Professional liability insurer Insight Insurance Services, Inc. has expanded its errors and omissions coverage for insurance agents and agencies and is now licensed to offer its product in 42 states and the District of Columbia through its parent company, the …

It Figures

$28.2 Million The Ohio Insurance Institute (OII) has reported that the amount of insured losses from a series of storms in February will be at least $28.2 million, with 12,173 claims filed so far across the state. Losses are expected …

New Markets

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. Insurance for Nonprofits Market Detail: Alliance of Nonprofits for Insurance, Risk Retention Group (ANI-RRG) insures …