Inc News

Marsh’s Torrent Technologies Launches New Excess Flood Policy

Torrent Technologies, Inc., a Marsh company, in coordination with Torrent’s Write-Your-Own (WYO) carriers participating in the National Flood Insurance Program (NFIP), has the availability of a new excess flood insurance option that combines coverage with real-time quoting and binding functionality. …

West Virginia Explosion Victims’ Families to Receive $15 Million Insurance Settlement

A judge in West Virginia has approved the distribution of more than $15 million in insurance funds to the families of three workers killed in a plant explosion. The Weirton Daily Times reports that the families plan to dismiss wrongful …

Johnson & Johnson Acquires John Handel & Associates in Florida

Managing general agency Johnson & Johnson, Inc. (J&J) has acquired John Handel & Associates, Inc. (JHA), located in St. Petersburg, Fla. Under its new ownership, JHA will continue to offer the same products and services throughout the state of Florida, …

American Specialty Insurance & Risk Services, Inc. Announces New Dance Studio Online Insurance Program

Fort Wayne, IN, August 4 2015: American Specialty is pleased to announce the roll out of its latest online insurance program for U.S. based dance schools and studios specializing in the instruction of performance and social dance. Coverage includes $1,000,000 …

Siegel Elected as President of the Independent Insurance Agents of Georgia

Andy N. Siegel, president of Siegel Insurance, Inc., a Trusted Choice insurance agency in Atlanta, was installed as president of the Independent Insurance Agents of Georgia, Inc. (IIAG) on June 13, during the association’s 118th Annual Meeting and Convention in …

U.S. Risk Names Jonathan Hagan an Underwriter for the Dallas Commercial Underwriting Division of U.S. Risk Underwriters, Inc.

Dallas, TX – July 23, 2014 – U.S. Risk Insurance Group, Inc. (www.usrisk.com), the eighth largest managing general agency and surplus lines wholesaler in the nation, announced that it has named Jonathan Hagan an Underwriter for the Dallas Commercial Underwriting …

Non-Covered Claims May Exhaust Primary Limits, Trigger Umbrella

A recent ruling from the Fifth Circuit Court of Appeals in Louisiana clarified that an umbrella policy may be triggered even when the underlying insurance is exhausted by claims that would not be covered by the umbrella policy itself. The …

Ratings Recap: Frankenmuth, Sooner, Tokio Marine America, Kingstone, Canopius U.S., HDI-Gerling America

A.M. Best has revised the outlook to stable from negative and affirmed the issuer credit ratings (ICR) of “a+” of Frankenmuth Mutual Insurance Company and its affiliates, Ansur America Insurance Company, Patriot Insurance Company, based in Yarmouth Maine, ASure Worldwide …

Echo Re to Write Treaty Reinsurance in Latin America with Madroñero’s EGRM

Zurich-based Echo Reinsurance Ltd., wholly owned subsidiary of German mutual insurance group DEVK, announced that it will target writing treaty reinsurance from Latin America in order to further enhance and diversify its portfolio. Echo Re also noted that it has …

HCC Insurance Holdings Names Srinivasa as Chief Information Officer

Houston-based HCC Insurance Holdings Inc. announced that Parthasarathy Srinivasa has joined HCC as senior vice president and chief information officer (CIO), reporting to William N. Burke, HCC’s president and chief operating officer. Srinivasa has 20 years of information technology (IT) …