Maryland News

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. Technology Errors & Omissions Market Detail: Chamber Insurance Agency Services gives agents access to an …

Insurers Violated Maryland Regulations

A year-long investigation by the Maryland Insurance Administration has found that 67 of the state’s 119 car insurers underpaid claims, Commissioner Ralph S. Tyler said State regulators have fined the companies a collective $235,000 and ordered an additional $442,590 in …

U.S. Lawmaker Urges AIG CEO Liddy to Quit Over Goldman Sachs Stake

A U.S. congressman Thursday expressed concern about a stake in Goldman Sachs Group Inc. held by Edward Liddy, CEO of bailed-out insurer American International Group Inc., and urged him to quit. Liddy owns shares and restricted stock units in Goldman …

Maryland Woman Sentenced in Hurricane Katrina Theft

The U.S. Attorney’s Office says a former Maryland resident has been sentenced for stealing $60,200 in Hurricane Katrina disaster relief benefits. Forty-two-year-old Schewanda Baptiste, formerly of Waldorf, was sentenced Monday to three years of probation. The first eight months are …

US Financial Bailout Watchdog Examining AIG Payments

The in-house watchdog for the U.S. Treasury Department’s massive financial rescue program is examining billions of dollars in counterparty payments made by bailed-out insurer AIG to major banks, such as Goldman Sachs, according to a letter obtained Tuesday. American International …

My 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. Child Welfare Organizations Market Detail: Markel Insurance Co. offers agents access to a program for …

State National to Offer Commercial Liability Program in Southeast

A subsidiary of 21st Century Holding Co. (Nasdaq:TCHC) has received approval from the Florida Office of Insurance Regulation to market and underwrite commercial general liability insurance. American Vehicle Insurance Co. will offer an artisan commercial general liability program in the …

N.H. Receives Lowest Crime Ranking; Nevada Ranks as Worst State

Three northeast states have the lowest crime rate, while Nevada, Louisiana and South Carolina have the highest crime rate, according to a new study. New Hampshire (1) received the lowest crime rate ranking again this year, followed by Vermont (2) …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …

The Paradox of Flood Insurance Coverage

Whether you are an attorney, an insurance agent, adjuster or broker, or an individual insured, when dealing with claims under flood insurance policies, you may be surprised to discover that many things you think you know are wrong, and, particularly …