Marine (Inland and Ocean) News

People

Assurex Global, a worldwide network of independent insurance brokers, named its newest and 52nd chairman of the board. Bill Jeatran, chief executive officer of RJF Agencies, Minneapolis, Minn., succeeds Paul J. Hering, who is the managing principal and CEO of …

Business Moves

Brown & Brown, Turner & Associates Through a subsidiary, Brown & Brown Inc. acquired Tecumseh, Okla.-based Turner & Associates Insurance Agency Inc. Turner & Associates, with annualized revenue of approximately $1.7 million, specializes in the oil and gas industry. The …

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. Small Residential General Contractors Nuts & Bolts: NSM Insurance Group is offering coverage for general …

Oregon Towers Must Provide Proof of Insurance

Oregon’s Department of Transportation Services (DMV) is alerting insurance producers that write towing companies of a new requirement for towers to maintain proof of insurance. In 2007, the state Legislature passed Senate Bill 116, which regulates towing company practices. There …

What the Reauthorization of TRIA Means to the P/C Industry

On Dec. 26, President George W. Bush signed the Terrorism Risk Insurance Program Reauthorization Act of 2007 to reauthorize the federal backstop for seven years. First and foremost, reauthorization of TRIA means it is working. Without a federal backstop, the …

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. Oil and Gas Well Drilling Contractors

People

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, appointed John Nilson senior vice president, western region for ACE Risk Management. Nilson will be based in Los Angeles and oversee ARM branch operations for the western …

Contractors’ Insurance: The Hard Sell for the Soft Market

Selling Long-term Relationships over Short-term Savings For contractor Paige Smith of Neuse Tile Service Inc. in Youngsville, N.C., the increase in cold calls she is receiving from insurance agents is a sure sign of the industry’s softening market. A couple …

From Med Mal Caps to RICO Violations, No Headline Shortage in 2007

Severe summer storms that ransacked the Midwest, a court ruling that could negatively impact the medical malpractice insurance market in Illinois and RICO allegations in Minnesota were just a few of the news stories that made 2007 a year to …

Ice Storms Across Plains, Midwest Ground Airliners, Turn Deadly

Ice storms slickened roads and sidewalks, grounded hundreds of flights, and cut power to tens of thousands beginning Dec. 9 as the storms swept across the Southern Plains to the Great Lakes. The wintry weather continued and ice storm warnings …