Nuts & Bolts: General Fire & Casualty Company (www.genfireins.com) launched a new livestock insurance product, The CattleGuard. The policy provides coverage for loss involving certain diseases, such as FMD (foot-and-mouth disease), BSE (aka “mad-cow” disease), hydrophobia (rabies), anthrax (charbon or …
AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the total to 32 states nationwide. Since AIG …
ACE INA UK Limited, a London-based operation of the ACE Group of Companies, is now eligible to offer insurance on an Excess & Surplus lines (E&S) basis in more than 30 U.S. states, including New York and Texas. ACE INA …
General Fire & Casualty Company (www.genfireins.com) announced the launching of its new livestock insurance product, The CattleGuard. The policy is available, subject to underwriting, in the following states: Arizona, Colorado, Idaho, Iowa, Kansas, Missouri, Nevada, North Dakota, Oklahoma, South Dakota, …
Nuts & Bolts: Helix Insurance has a market available for healthcare environmental liability. Dollars: $1 million per claim/$5 million Agg. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of $2,000. Carrier: USF Insurance Co., “A” Rated. Non-admitted market. States Available: …
Fargo, N.D.-based insurer Community First Insurance Inc. has acquired the Summit Insurance Group, located in Frisco, Colo., with offices in Leadville and Vail. “This purchase marks our 17th insurance acquisition since 2000,” said Mark Anderson, Community First’s president and CEO. …
The experience of specialty homeowners carrier National Lloyds Insurance Co. illustrates that the fable of the tortoise and the hare is as true today as when Aesop told it to the village children who gathered ’round to hear it ages …
Des Moines, Iowa-based insurer EMC Insurance Group Inc. announced that it will strengthen its bulk loss and settlement expense reserves by approximately $4.6 million in the third quarter of 2003. This increase in reserves will reduce third quarter earnings by …
In a 6-4 vote Sept. 17, the National Association of Insurance Commissioners (NAIC) top-level Financial Condition (E)Committee gave a tentative endorsement to allowing securities broker-dealers to function additionally as custodians of insurers’ portfolio assets. The specter of the Frankel scandal …
Marietta, Pa.-based Donegal Group Inc. has agreed to acquire all of the outstanding capital stock of an affiliated company, Le Mars Mutual Insurance Co. of Iowa, following the conversion of Le Mars to a stock insurance company. The conversion, which …
