Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …
Community Banks Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access …
Every five years or so, the Texas Supreme Court issues an opinion that makes insurance companies and coverage lawyers rethink basic principles of claims handling, strategy or policy interpretation. In recent years we have had Merchants Fast Motorlines set out …
Motorcycle Program Nuts & Bolts: Arrowhead General Insurance Agency Inc.’s Personal Lines Division has expanded its motorcycle program to Pennsylvania. Coverage is being provided by a carrier rated “A-” by A.M. Best. Coverages range from $15,000/$30,000 to $100,000/$300,000. There is …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
A Canadian man has been extradited to the U.S. to face trial on charges that he swindled $7 million from the victims of a fraudulent commercial insurance policy scheme, Acting New York Insurance Superintendent Eric R. Dinallo announced. Ian Stuart-Smith, …
Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations, after the 2006 Legislature established a fraud unit …
A study from Marsh’s London office finds that “UK companies increasingly are considering captive formation, driven by a desire to implement sophisticated risk management regimes and address the total cost of risk.” Marsh’s report indicates that “many companies are enjoying …
Every five years or so, the Texas Supreme Court issues an opinion that makes insurance companies and coverage lawyers rethink basic principles of claims handling, strategy or policy interpretation. In recent years we have had Merchants Fast Motorlines set out …
U.S. Risk Brokers, a subsidiary of U.S. Risk Insurance Group, announced that James C. Dalton has been named senior broker in its Houston office. In this position, Dalton will assume responsibility of executive liability coverage for private and publicly held …
