Schaumburg, Ill.-based Great American Insurance Group’s Executive Liability Division, now offers binding functionality in addition to online quoting for nonprofit organizations on its ExecProQuote.com Web site. ExecProQuote.com features paperless account management, enhanced commission, and for most nonprofit submissions requires just …
Arthur J. Gallagher reported net income for the fourth quarter dropped 80 percent. The Itasca, Illinois-based company’s fourth quarter net income declined to $4.7 million or $0.05 per share from $23.4 million or $0.25 per share in the same period …
A.M. Best Co. has downgraded the financial strength rating (FSR) to ‘B++’ (Good) from ‘A-‘ (Excellent) and the issuer credit rating (ICR) to “bbb+” from “a-” of The Fuji Fire & Marine Insurance Company, Limited. Best has also placed the …
The scenario is frightening: Hundreds of thousands of Kentuckians, many in far-flung rural areas, left in dire circumstances by a major natural disaster. Cut off, they have no electric power, no way to call for help and all roads are …
Assurance Agency, Ltd., based in Schaumburg, Illinois, has promoted Dan Klaras from executive vice president to president. Klaras takes over for Anthony Chimino, who previously held the titles of both president and CEO. Chimino will continue to serve as Assurance’s …
National Contractors Insurance Co. Inc., a risk retention group specializing in general liability insurance for licensed residential and commercial general and artisan contractors, has redomesticated to Montana. NCIC writes the classes of: roofers, foundations, excavators, fire sprinklers, paper general contractors, …
Librarians, clothing makers, craft sellers and thrift-store owners received a reprieve Friday from federal regulators who moved to quell confusion over a new product safety law. The Consumer Product Safety Commission issued what amounts to temporary exemptions to a new …
National Contractors Insurance Company, Inc., a Risk Retention Group (NCIC) specializing in general liability insurance for licensed residential and commercial general and artisan contractors, has redomesticated to Montana, effective February 5, 2009. NCIC writes the difficult Classes: Roofers, Foundations, Excavators, …
As many as one in five businesses in Louisiana may be breaking the law requiring them to insure their workers against accidents, so the state is stepping up enforcement, officials say. The Louisiana Workforce Commission and the Attorney General’s Office …
Arthur J. Gallagher & Co. has acquired retail insurance broker and consultant PartnerSource Inc. in Dallas, Texas, Gallagher announced. Organized in 1994, PartnerSource specializes in the design, implementation and ongoing support for nonsubscription programs, an alternative for Texas workers’ compensation, …
