Marine (Inland and Ocean) News

Florida’s Newly-Formed Ascendant to Rescue First Commercial Policies

The new company will use independent agents and brokers for sales. Florida officials announced that a new Miami-based insurance company will pick up the insurance for about 15,000 of the policyholders now with First Commercial Insurance Co., which is in …

North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave

Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of …

Mexican Passenger Buses Avoid Safety Checks When Entering U.S., Says Audit

Some Mexican passenger buses are not being inspected when they enter the U.S. because they cross the border on evenings and weekends, there are no inspectors or the crossings lack safe places for inspections, according to a government audit. Daily …

Declarations

Coastal Caution “This is not a simple issue. It’s an issue that you’ve got to address with great caution.” —Mississippi Insurance Commissioner Mike Chaney telling an Alabama House of Representatives committee that the keys to holding down insurance premiums on …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Waste Operations Program Market Detail: Five Star Specialty Programs’ waste operations program offers a comprehensive …

E&S Brokers Look for Rays of Light at the End of the Tunnel

Flat Economy, Persistent Soft Markets Have Forced Leaner Business Models, More Automation A poor economy, natural catastrophes and an extended soft market have all combined to nip growth in the excess and surplus lines (E&S) insurance market over the last …

Don’t Mock Safety in Recreation & Leisure

Insurance plays an important role in trying to get businesses, employees, drivers, pilots and passengers to pay attention to safety rules and procedures. Everybody needs a little fun in their lives – even insurance agents. But sometimes leisurely activities come …

U.S. Launches Auto ‘Clunker’ Program

In what may prove to be boon for the U.S. auto industry and, by extension, Midwest states that have been adversely affected by auto manufacturer bankruptcies, the U.S. government launched its $1 billion cash incentive program to stimulate auto sales …

People

Will Weston, vice president and principal of Blanchard & Calhoun Insurance Agency in Augusta, was elected president of the Independent Insurance Agents of Georgia, Inc. (IIAG) during the association’s recent annual meeting. Weston has been a member of IIAG’s Executive …

People

The Insurance Council of Texas recently presented William H. “Bill” Huff, vice president of Regulatory Affairs for Affirmative Insurance, with the Raymond Mauk Leadership Award. Huff is the 12th recipient of the award, which is the ICT’s highest honor. The …