Hawaii News

Government Distributes More than $25 Million in Hawaii Earthquake Aid

More than $25 million in disaster relief has been distributed to 2,000 families and individuals since two earthquakes rattled the Big Island on Oct. 15. The largest block of money was $16.3 million in Small Business Administration loans for 459 …

Drunk Driving Death Rates Declined in 23 States Last Year

Drunken-driving deaths declined slightly across the nation in 2005, and the rate of drunken-driving deaths fell in 23 states, according to transportation officials. The National Highway Traffic Safety Administration reported that 23 states and Puerto Rico had a decrease in …

New Markets

Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its excess liability insurance. The built-in enhancements, catering …

Hawaii issues captive license to MHC Insurance

The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and affiliates. Hawaii Insurance Commissioner J.P. Schmidt noted that …

Commissioners, compensation rules, earthquakes made for shaky ground

In the era when cowboys and gold panners roamed, the West was characterized as a wild yet adventurous place to live. Judging by 2006’s insurance industry headlines, those sentiments don’t seem to have changed. In the past year, agents and …

2006: Soft market offers up many new insurance products

E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for property/casualty agents licensed less than three years. The newly licensed agents program provides a liability …

New Markets

Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its excess liability insurance. The built-in enhancements, catering …

10 Calif. agents may get more calls from uninsured motorists

State issuing record number of registration suspension notices 10 Nevada proposes workers’ comp loss cost rate increase Inflationary pressures moving prices upward 11 Hawaii issues captive license to MHC Insurance Marks 200th captive license granted in the state MARKET FEATURES …

Hawaii issues captive license to MHC Insurance

The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and affiliates. Hawaii Insurance Commissioner J.P. Schmidt noted that …

Top 10 Stories of the Year – West

In the era when cowboys and gold panners roamed, the West was characterized as a wild yet adventurous place to live. Judging by 2006’s insurance industry headlines, those sentiments don’t seem to have changed. In the past year, agents and …