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. Commercial Property Market Detail: RISC brings to market a commercial property program designed for a …

Maryland Workers’ Compensation Costs Drop 5.4%

Maryland workers’ compensation carriers will be able to lower their rates an average 5.4 percent under a loss cost filing approved by the state’s regulator. The Maryland Insurance Administration this week gave its nod to the rate changes that can …

Study: Only 42% of Teen Passengers Report Wearing Seat Belts

A new study on teen driving habits and safety found that 59 percent of teens always buckled up in the driver seat but only 42 percent always wore seat belts as passengers. However, only 38 percent of all teens in …

Study Finds Economic Costs of Federal Cat Legislation Burdensome

Natural catastrophe legislation passed by the U.S. House of Representatives and pending in the U.S. Senate would create a multi-billion dollar burden on taxpayers in at least 20 states, according to a new study released yesterday. The federal legislation would …

New Markets

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. Builders Risk and Affiliated Exposures Market Detail: Atlantic Risk Specialists (www.arspecialists.com) brings builders …

Declarations

Contingency Plans “The insurance marketplace has been distorted by the growth of contingent commissions coupled with a lack of transparency among most producers.” —Steve McGill, chairman and chief executive officer of Aon Risk Services, in testimony before New York regulators …

Road Danger: Thousands of Medically Unfit Commercial Drivers Still Trucking on U.S. Roads

Hundreds of thousands of tractor-trailer and bus drivers in the United States carry commercial driver’s licenses despite also qualifying for full federal disability payments, and some of those drivers have suffered seizures, heart attacks or unconscious spells, according to a …

People

Jacksonville, Florida-based insurer The Main Street America Group named Joe Meholic president of its Richmond, Virginia region. In his new role as regional president, Meholic will be accountable for the direction, management and performance of the Richmond region, which encompasses …

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. Personal Umbrella – Hard-To-Place Clients Market Detail: International Excess Agency Inc. offers several specialized personal …

Delaware Amends Insurance Law to Let Retired Surgeons Serve Veterans

A new Delaware law makes it easier for some retired doctors to practice for the Veterans Affairs Hospital in Elsmere. The legislation eliminates an insurance barrier preventing retired surgeons from working at the hospital. Under existing law, the retirees couldn’t …