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 …
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 …
Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …
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 …
Western National Insurance Group today announced their full year financial results through December 31, 2006. These results reflect the pooled financial results of all companies in the group. For year-to-year comparison purposes, 2005 was adjusted to reflect the combined results …
It’s been a year since Rhode Island won a precedent-setting court victory against three former lead paint manufacturers, but the case has been in legal limbo since then as the companies have challenged the verdict and demanded a new trial. …
Iowa is one of at least 14 states facing a federal shortfall for its state insurance program for children. The state faces a shortfall of $16.1 million in federal money by the end of June for health care programs that …
The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new assignments are for one year: International Insurance Relations Committee: chair, Diane Koken, commissioner, Pennsylvania Insurance Department, and vice chair, Dorelisse Juarbe Jiminez, commissioner, Puerto …
N.J. Coastal Property Nuts & Bolts: McSweeny Agency of New Jersey is offering coverage on boardwalk stores, ocean front, bay front, condos, dwellings, and seasonal commercial properties. Dollars: $100,000 to $1 million. Carrier: Rated “A+” by A.M. Best. Non-admitted. States: …
Chicago-based The Park Group, a wholesale insurance brokerage has announced the promotion of Peter Upjohn to the position of manager of the newly established Professional Liability Brokerage Department. Upjohn is responsible for the majority of the professional liability lines of …
