Maryland News

Main Street America Launches New Business Owners Policy

The Main Street America Group launched its new Main Line Business Owners Policy (BOP) property and liability product. The insurer also launched Main Street Station for commercial lines quoting and policy issuance system in Maine, Rhode Island, Vermont and South …

Cummings Named Senior Vice President for CCBSure Program

Maryland-based RPS-ISG International has appointed Estelle Cummings as the company’s area vice president of sales for its CCBsure technology program. Cummings oversees new business production in ISG’s technology program. She has been active in the insurance industry for most of …

Tapco Opens Underwriting Service Center in Dallas

Tapco Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA specializing in high-volume, transaction-based excess and surplus insurance lines, is opening an underwriting service center in Dallas, Texas. Tapco veteran Ellen McBride will manage the Dallas office. McBride has more than 25 …

People

Colemont Insurance Brokers has promoted Tara Plourde to broker in the company’s Hartford, Connecticut office. She joined Colemont in 2008. Prior to Colemont, she was a commercial lines underwriter at a standard lines carrier. She specializes in casualty accounts, focusing …

Florida Builder Sues Insurers Over Chinese Drywall Claims

A luxury residential construction firm has filed suit against 14 insurance companies to force them to cover claims relating to allegedly defective Chinese drywall. The suits were filed by WCI Chinese Drywall Trust, which was formed in bankruptcy proceedings of …

Will Gay Marriage Bring Marketing Opportunities for Agents?

The Market Is Huge, but Some Independents Say It’s Difficult In business, change brings opportunity. And when it comes to the rapid wave of states that have recently legalized gay marriage, some see a marketing opportunity in selling insurance products …

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. Home Builders & Artisans Contractor’s GL Market Detail: Northern Star Management offers access to a …

Ratings Recap: Assurant, PacWest, New Mexico Casualty, Campmed

Standard & Poor’s Ratings Services announced that its ratings on “U.S.-based Assurant Inc. (BBB/Negative/A-2) and related entities are not affected by the settlement of an SEC investigation regarding certain loss-mitigation insurance products. The reinsurance contract under examination had $2.6 million …

Michigan Workers’ Compensation Claim Costs Among Lowest, Most Stable

Workers’ compensation total costs per claim in Michigan are among the lowest of 15 states, and the growth of these costs in Michigan over time has been more stable than in most other study states, according to a new study. …

Lockton Promotes Hall as Managing Director for Cargo

Lockton has promoted Peter Hall to the role of Managing Director of its 16-strong Cargo practice. His appointment “is recognition of his 20 years’ experience servicing clients in the global cargo insurance market, for the most part as a broker …