Hawaii News

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. Energy Risks Market Detail: MarketScout has a team dedicated to energy accounts. They have the …

Study: High Prescription Drug Costs Help Lower Other Medical Costs

While more than $216 billion is spent on prescription drugs every year, the upside to this high tab is that prescription drugs have contributed to decreases in more expensive hospital care and physician services. As prescription drug costs, representing 10.3 …

Central Pacific Hurricane Center Predicts 3-4 Cyclones

The Central Pacific Hurricane Center is predicting slightly fewer than normal tropical cyclones to develop in the Central Pacific basin during the upcoming season. Forecasters at National Oceanic Atmospheric Administration’s hurricane center expect three to four tropical cyclones, while during …

Lower Seat Belt Use After Dark Results in More Nighttime Fatalities

More than two-thirds of young drivers and passengers killed in nighttime car crashes aren’t wearing seat belts — deadly proof of what can happen when young people don’t heed parents’ pleas and authorities’ threats to “click it.” Though seat belt …

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. Pizza Delivery Program Market Detail: IPC offers hired and non-owned auto coverage for food delivery …

Argo Group Offers Hurricane Insurance in Hawaii

Hawaii Insurance Commissioner J.P. Schmidt announced the formation of a partnership between Argo Group US and First Insurance Company of Hawai’i (FICOH). The new joint venture will offer hurricane insurance to First Insurance homeowners and dwelling fire policyholders. Argo Group …

Japanese Credit Card Company Sets Up Captive in Hawaii

JCB Co. Ltd., a global payment brand and lcredit card issuer and acquirer in Japan, recently selected Hawaii as the home for its new captive insurance subsidiary, PermCore Insurance Co. Ltd. Commissioner J.P. Schmidt issued a license to PermCore on …

Ratings: Great Northwest, General Atlantic, Penn National, Rockford, Radian, Triad, Navigators

Standard & Poor’s Ratings Services has revised its outlook on Great Northwest Insurance Co. (GNIC) to stable from negative, and has also affirmed its ‘BB-‘ counterparty credit and financial strength ratings on GNIC. “The rating action reflects our opinion that …

People

Agency Specialty Product Network, a unit of Aon Corp., has named five new regional vice presidents. Rob Romano will head the Northeast Region, which comprises Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, Vermont, New York City and Long Island. Romano …

People Mullis Newby Hurst L.P., an Addison, Texas-based provider of construction insurance and surety bonds in Texas, promoted Jan Johnson to senior vice president and director of insurance. Johnson, a 26-year veteran of the insurance industry, has served as vice …