Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …
Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …
12 months ending Sept. 30, 2006, versus Sept. 30, 2005 (000 Omitted) DPW Change DWP DWP DWP $ DWP % Rank Company Name 9/30/2006 9/30/05 Change Change 1 Lexington Insurance Co. $4,811,668 $3,836,214 $975,454 25.43% 2 American Home Assurance Co. …
Royal & Sun A state hearing officer recommended Delaware’s insurance commissioner approve the proposed management buyout and eventual dissolution of Royal and Sun Alliance Insurance Group’s U.S. operations. The subject of a lengthy hearing last month, the proposed buyout awaits …
Los Angeles-based Farmers Insurance Group of Companies has announced a number of senior appointments. F. Robert Woudstra, executive vice president, has been appointed president and chief operating officer of Farmers Group Inc. In 1999, he was promoted to chief operating …
A jury properly awarded a northeast Wisconsin trucker $115,000 to punish his insurance company for how it handled his claim after his semi-truck hit a deer, a state appeals court ruled this week. The insurance company acted in bad faith …
State Farm would cut its car insurance rates by about 16 percent if the state’s no-fault accident system ends in October as scheduled, the company said in a state regulatory filing. This week’s filing said that State Farm customers could …
Americans have mixed feelings about their personal level of financial security, according to Country Financial Security’s Index which registered an inaugural reading of 70.2 in February. Bloomington, Ill-based Country Financial recently released its Index that surveys 3,000 Americans every other …
Louisiana’s state-run insurer is nearing a mass settlement with policyholders that would be the first deal of its kind in the state since hurricanes Katrina and Rita spawned thousands of lawsuits, an attorney for the homeowners said Feb. 19. Citizens …
The first federal trial in New Orleans in the wave of insurance litigation spawned by Hurricane Katrina ended abruptly Feb. 15 when a couple suing Allstate Indemnity Co. dropped their lawsuit amid allegations they misrepresented their claims. Lawrence and Elizabeth …
