Maryland News

Lloyd’s forecast for Northeast: Storms, global warming threats are real

The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …

New Markets

Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …

States promise quicker insurance product, filing approval under new system with Interstate Compact

State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, 27 states have signed onto …

MARYLAND TARGETS URBAN AUTO RATES

Maryland, seeking to address the higher costs of insurance for urban drivers, recently passed legislation to require insurers to regularly review their rating territories and streamline the process for protesting rates. But some other recommendations of a recent urban insurance …

:Lloyd’s forecast for Northeast: Storms, global warming threats are real

The prospect of another nasty hurricane season has everyone in the insurance industry braced for a white-knuckle ride. The spectre of a hurricane hitting a major Northeast population center is hardly the stuff of Hollywood fantasy. Leading forecasters agree there …

New Markets

Outdoor Sporting Program Nuts & Bolts: Markel’s Outdoors is a niche program for guide and outfitting professionals, private sporting clubs and hunting/fishing lodges. Marketed through select retail insurance agents, this program is available on a licensed and admitted basis in …

States promise quicker insurance product, filing approval under new system with Interstate Compact

State regulators have reached a milestone in their efforts to streamline product regulation, with a centralized approval system for certain life and financial products on the verge of becoming reality. After three years of lobbying, 27 states have signed onto …

N.J. Lawmaker Not Swayed by Geico’s Defense of Rating Criteria

Auto insurance companies that use a person’s education and occupation to set rates are discriminatory and circumvent laws against using race and income to calculate prices, a state senator said this week. After listening to testimony from insurance companies and …

Maine Employers Mutual Group’s Rating Affirmed

Insurance industry analyst A.M. Best this affirmed the rating of the members of The MEMIC Group. According to Best, Maine Employers’ Mutual Insurance Company (MEMIC) and The MEMIC Group remain “A” (Excellent) while subsidiary MEMIC Indemnity Company remains “A-” (Excellent). …

CIMA Companies Acquire ENI Insurance Services

The CIMA Companies, Inc. (www.cimaworld.com), the Alexandria, VA-based insurance broker and risk management firm, has acquired ENI Insurance Services of Havre de Grace, MD. ENI’s commercial and personal insurance operations are now part of Corporate Insurance Management, Inc., CIMA’s property/casualty …