The National Association of Insurance Commissioners (NAIC) voted unanimously last week at its quarterly meeting in Orlando, Fla., to establish a task force to examine the impact of climate change on the U.S. insurance industry and on insurance consumers. The …
Michael E. James, president of Alpine, Calif.-based M.E. James Surplus Lines Insurance Brokerage Inc. and off road racer, is offering a comprehensive liability insurance package designed especially for off-road racers in California and Arizona. General liability is $1 million and …
Two former paper mill workers in Maine who were diagnosed with an asbestos-related disease have filed separate lawsuits against asbestos manufacturers and suppliers. James Crowley, who worked at the former Oxford Paper Mill in Rumford for three years in the …
Lloyd’s Chairman Lord Peter Levene may finally get his wish, as U.S. insurance regulators have instructed a National Association of Insurance Commissioners (NAIC) task force to examine options for a reform of the U.S. rules on allowing credit for reinsurance. …
Kip A. Thomas has been promoted to assistant vice president in the Personal Lines Division at TD Banknorth Insurance Agency, Inc. in South Portland, Maine. A private client insurance agent, he will be responsible for high net worth personal lines …
Aetna has agreed to acquire the disability business of Broadspire, a privately-held provider of disability and casualty claim management services, for approximately $160 million. Broadspire’s disability business operates as a third party administrator offering absence management services, including short-term and …
At a time when they face pressure to bring more uniformity to their own domestic regulatory operations, the nation’s state regulators are also increasingly active in efforts to harmonize the rules governing international insurance as well. The international efforts of …
Travelers personal lines, a member of St. Paul Travelers, now offers hybrid-driving Americans a 10 percent discount on auto insurance. Travelers made the discount available in 27 states with plans to roll it out in most remaining states in the …
Non-franchised Auto DealersNuts & Bolts: DMI Insurance Services Inc. has expanded the range of markets it supplies to producers serving non-franchised auto dealers and automotive specialty shops. The new markets will supply liability and physical damage coverage not been readily …
David Luxton awoke to the sound of shattering glass as a car smashed into his porch during the night. Less than 48 hours later, another car knocked his porch off its foundation. All told, vehicles careening out of control on …
