Hawaii News

AIG Hawaii Becomes Farmers Insurance

AIG Hawaii Insurance Company, Inc. has announced that it is changing its name to Farmers Insurance Hawaii, Inc. – heralding in a new chapter in the company’s nearly 55-year history – and reflecting its new ownership under national insurer Farmers …

Hawaii Unscathed by Hurricane Season

Hawaii is escaping the 2009 hurricane season unscathed unless a last-minute storm strikes. There are about two weeks remaining in this year’s hurricane season, which ends Nov. 30. But officials at the Central Pacific Warning Center remain wary of new …

AAU Offers Retail Furniture Store Insurance Program

Allied American Underwriters (AAU Comp) of El Segundo, Calif., has a new furniture store program for franchised and non-franchised retail furniture stores. The coverage can include property, general liability, umbrella, workers’ compensation, employee benefits liability, stop gap liability, hired and …

Business Moves

AJ Gallagher, Triad Arthur J. Gallagher & Co. acquired Triad Insurance Agency Inc., in Honolulu from The Bank of Hawaii. Terms of the transaction were not disclosed. Originally founded in 1967, Triad Insurance Agency is a managing general agent and …

It Figures

488% The jump in profits for the third quarter reported by Harleysville Group Inc. The insurer saw its third-quarter profits climb to $24.7 million, up from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, …

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. Commercial Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …

Workplace Deaths Decline in Hawaii

A preliminary report by the U.S. Bureau of Labor Statistics says 18 people were killed on the job in Hawaii in 2008. That’s the third lowest number for the islands since the federal government starting tracking fatal occupational injuries in …

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. Apartments Low Income Subsidized Housing Market Detail: Housing Insurance Services offers programs through two admitted …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …

Study: Workers’ Compensation Public Options Outperform Private Industry

State funds blunt the impact of bigger losses through concerted loss prevention efforts. An insurance industry think tank has concluded that 25 public and quasi-public workers’ compensation insurance plans perform better financially than the private market in a number of …