Maryland News

New Markets

Monoline Auto Classes, Small Commercial Businesses Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America Premier classes for monoline auto and added 238 …

New Markets

Coastal Property – Texas Nuts & Bolts: Western Security Surplus has increased capacity to write coastal property coverage in Texas, including wind and hail, Tier 1 and 2 counties. The property coverage is offered via a non-admitted “A” rated market …

New Markets

Monoline Auto Classes, Small Commercial Businesses Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company announced it has opened 257 existing America Premier classes for monoline auto and added 238 …

Zurich agrees to terms to close multi-state bid-rigging probe

News Currents Ten states, led by Texas and its Attorney General Greg Abbott, have come to terms with Zurich American, closing their probe into the insurer’s involvement in alleged bid-rigging and unfair compensation practices in the commercial insurance market. The …

People

The van Aartrijk Group LLC, a Washington, D.C.-area marketing and communications firm, is augmenting its branding and public affairs capabilities with the promotion of one executive and addition of another, according to Peter van Aartrijk, chief executive officer. Maureen P. …

Business Moves

Northeast Bank, Palmer Agency The insurance subsidiary of Northeast Bank, Northeast Bank Insurance Group, Inc. has acquired the Palmer Insurance Agency of Turner, Maine. Palmer has six employees and generated $4 million in gross premiums over the past year. The …

Declarations

Contingent commission ban “Many industries — not just the insurance industry — rely on performance-based compensation, which is legal, honest and brings many benefits to the insurance marketplace, as it does to our entire American economy. Eliminating all contingent compensation …

New Markets

Monoline Auto Classes, Small Commercial Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America Premier classes for monoline auto and added 238 new …

New Markets

Trucking Operations Nuts & Bolts: Kansas-based Interstate Insurance Management and Swiss Re’s Commercial Insurance announce the immediate expansion of their insurance program for the trucking industry into Virginia and Indiana. The program, which has been in operation since 1970, provides …

Report Recommends Phase-Out of Pa. Med Mal Abatement Program

Pennsylvania should get out of the medical malpractice insurance business and return the medical malpractice market to the private sector as soon as possible, according to a report. Insurance Commissioner Diane Koken unveiled the Medical Care Availability and Reduction of …