Frank O’Brien has been promoted to vice president, regional manager and counsel of the Alliance of American Insurers’ (AAI) New England Region. The promotion to vice president “recognizes Frank’s exemplary work in maintaining close relationships with members in his region,” …
A powerful blizzard roared through the Midwest and moved on into Pennsylvania, New York and New England over Christmas bringing record snowfalls for this time of year and blanketing a wide swath of the U.S. with a real “White Christmas.” …
Richard Swoy, chairman of Superior Access Insurance of Irvine, Calif. announced the addition of an “A++ XV” Superior A.M. Best rated carrier offering professional liability coverage nationally. Quotes are available on-line and applications can be downloaded on a 24-hour basis. …
Thirty-five states have adopted an approved Insurance Services Office (ISO) mold limitation for homeowners coverage, which allows insurers to exclude coverage for loss caused by mold and wet or dry rot, unless the conditions result from a covered peril. According …
Eugene Cox, Bermuda’s Finance Minister, reacted angrily to calls from several state officials, including California Treasurer Phil Angelides, to drop 10 “offshore” companies, including ACE and XL, from Standard & Poor’s 500 stock index. The demands are the latest round …
After launching in the West and first four central states, AMS Services is introducing its QuoteWorks rating product to remaining central and some southern states. New features of the QuoteWorks product include a client-based design that stores multiple quotes for …
Copart Inc. opened its 12th auction facility in Texas. According to the company, with the addition of this 12-acre greenfield facility in Corpus Christi it now has 99 locations in 40 states. “The new Corpus Christi location is in the …
Independent agents and brokers are capturing an increasing share of both the personal lines and commercial lines markets, the Independent Insurance Agents & Brokers of America’s (IIABA) annual market share study confirmed. “The premium growth of the independent agency system …
The National Association of Independent Insurers (NAII) is urging the Texas Supreme Court to review and overturn a lower court ruling requiring personal automobile insurers to pay diminished value under the terms of an insurance policy. In the case of …
Nuts & Bolts: ProTexn Inc. of Dallas is offering Lawyers Professional Liability Insurance. Dollars: Limits from $100,000/$300,000 to $10 million. Deductibles from $1,000 to $100,000. No minimum premium. Carrier: ACE American Insurance Company. Admitted. Rated “A” Excellent by A.M. Best. …
