Hawaii News

Business Moves

Cornerstone General Cornerstone General Insurance Agency Inc., a newly established managing general agency, opened its national headquarters in Sacramento, Calif. James R. Watje, president and CEO, announced the opening of the office as the natural conclusion of years of work …

Westrope Names Young Western Region Executive

Jafir Young has joined Kansas City, Mo.-based Westrope as the western region executive and professional liability broker, responsible for servicing the directors and officers, employment practices liability, fiduciary, crime, miscellaneous errors and omissions, and healthcare professional needs of retailers located …

Cornerstone General Opens Corporate Headquarters in Sacramento

Cornerstone General Insurance Agency Inc., a newly established managing general agency, hasopened its national headquarters in Sacramento, Calif. James R. Watje, president and CEO, announced the opening of the office as the natural conclusion of years of work and relationship …

State settlement amounts

The breakdown of the amounts ACE will pay individual states is as follows: D.C.: $103,703.71 Florida: $1,574,315.24 Hawaii: $74,939.23 Maryland: $251,630.51 Massachusetts: $680,951.76 Michigan: $251,958.21 Oregon: $189,475.04 Texas: $1,334,928.03 West Virginia: $38,098.27

ACE pays $4.5 million to states

ACE Group Holdings has agreed to pay $4.5 million to end a bid-rigging and price-fixing case, according to state officials. The monies will be divided among eight states and the District of Columbia. Florida’s Chief Financial Officer Alex Sink said …

My 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. Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for …

Hawaii Approves 19.3% Workers’ Comp Decrease

Hawaii Insurance Commissioner J.P. Schmidt has approved a 19.3 percent decrease in loss costs for workers’ compensation insurance, based on a filing by the National Council on Compensation Insurance. NCCI originally filed for a 16.8 percent decrease in loss costs. …

My New Markets

Home Fuel Oil Delivery Nuts & Bolts: International Excess of Pittsburgh is offering coverage for propane, petroleum and fuel oil distributors. Coverages includes property, inland, commercial general liability, business auto and umbrella liability. p:Dollars: Up to $5 million. p:Carrier: Rated …

Business Moves

Engle Martin & Associates Engle Martin & Associates Inc., a national independent insurance adjusting and claims administration firm based in Atlanta, is extending its presence in California by opening a Sacramento office to cover the northern part of the state. …

10 Calif. DOI partners with CAL FIRE

Groups aim to prevent fire losses during height of wildfire season 10 Hawaii approves 19.3% workers’ comp decrease NCCI recommended 16.8 percent drop 10 Calif. approves AAA’s 6.5% auto rate reduction Carrier complies with auto rating factor regs 11 Survey: …