Hub International Limited announced that subsidiary Hub International Midwest (Hub Midwest) acquired for an undisclosed amount of cash, the stock of Wilson & McPherson Inc. (Wilson), an insurance agency based in Madisonville, Ky. Hub Midwest has existing offices in western …
A.M. Best Co. has assigned an initial financial strength rating of “B” (Fair) to Merrillville, Ind.-based American Inter-Fidelity Exchange (AIFE). The rating outlook is stable. The rating reflects AIFE’s relatively high retentions and exposure to the high loss severity of …
Florida’s Chief Financial Officer Tom Gallagher praised the Senate Banking and Finance Committee’s passage of a bill that would provide stronger criminal penalties for operators of unlicensed insurance entities who sell their bogus products to Floridians. According to the Department …
Marine insurance is, as Insurance Journal put it last year, “a unique animal.” The belly of the beast consists of cargo and yacht coverage, which account for 50 percent of U.S. written premium. But another marine market, aside from coverage …
Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite but it is my opinion that we are closing in. Although insurance company annual statements do not discern between the …
TDI announced the state has entered into an agreement with the Midwest Zone States regarding continuing education (CE) reciprocity. With some exceptions, a course approved by a participating state will be accepted by other participating states merely by filing a …
The Louisiana Surplus Line Association (LSLA) will hold its 2003 Annual Convention April 2-4, 2003 at the Beau Rivage Resort & Casino in Biloxi, Miss. Convention participants will have the opportunity to explore “PROBLEM ISSUES IN THE MARKET.” One of …
Have we finally arrived at the point where the economy is a critical factor in personal automobile insurance? Not quite, but it is my opinion that we are closing in. Although insurance company annual statements do not discern between the …
In a flurry of recent cases, Texas courts have tried to clarify various issues regarding election of remedies in the context of workers’ compensation insurance. These issues arise in various circumstances. Two scenarios form the basis for the recent opinions: …
Irvine, Calif.-based Superior Access Insurance Services Inc. recently announced that they are expanding their personal umbrella programs with two new carriers – both are rated “A (Excellent) ” by A.M. Best. One program offers limits from $500,000 – $2 million …
