Maryland News

OneBeacon Offers Small Business Owners Coverage in Minn.

OneBeacon Insurance Group today announced that it will begin offering property-casualty solutions to small-business owners in Minnesota through independent agent partners. OneBeacon’s local small-business operation will be led by Territorial Manager James Spindler, based in Minneapolis. Mike Keane, head of …

Maryland law targets staging accident fraudsters

Maryland became only the second state to make staging a car accident to steal insurance money a specific crime when Gov. Martin O’Malley signed a bill into law recently. According to the Coalition Against Insurance Fraud, the new law (HB …

Property insurance rate hikes in store for La.

Louisiana regulators in late May approved property insurance rate hikes of 16 percent to 51 percent for three small companies, with larger increases for homeowners along the coast. The Louisiana Insurance Rating Commission on May 24, 2007, approved a 16 …

Maryland law targets staging accident fraudsters

Maryland became only the second state to make staging a car accident to steal insurance money a specific crime when Gov. Martin O’Malley signed a bill into law recently. According to the Coalition Against Insurance Fraud, the new law (HB …

10 2007 Atlantic hurricane season to be busy one

Will forecasters’ warnings prove accurate this year? 10 N.H. on risks with no Social Security Numbers Carriers can’t refuse to quote- so what do they do? 10 Newport’s mansions develop hurricane plan Fireman’s Fund helps protect R.I.’s coastal treasures 12 …

Unitrin Direct Enters Kentucky Auto Market

Unitrin Direct has been approved to sell auto insurance in Kentucky, making it the 23rd state where it does business. Unitrin Direct said it is offering discounts for Kentucky residents, including up to a $75 break for buying their car …

Ratings Recaps: American Modern; Hallmark Group; Erie; AIG (Notes); Selective; Donegal

A.M. Best Co. has affirmed the financial strength rating (FSR) of “A+” (Superior) and the issuer credit ratings (ICR) of “aa-” of American Modern Insurance Group and its P/C members. Best also affirmed the ICR of “a-” and debt ratings …

Marshall Joins Iroquois Group as Md.-Va.-D.C. Regional Manager

The Iroquois Group reported that Erin M. Marshall has joined Iroquois as a regional manager to serve member agents in Maryland, Virginia and the District of Columbia. Marshall has almost 20 years experience in property and casualty insurance in the …

BB&T Insurance Buying Georgia’s Reese Agency

BB&T Insurance Services said it plans to expand its metro Atlanta operation with the acquisition of Reese Insurance Associates Inc. of Riverdale, Ga. Reese provides both commercial and personal property and casualty coverage as well as group benefits insurance. “The …

Nas Offers Network Security Insurance for Hospital, Physician Carriers

Encino, Calif.-based Nas Insurance Services is offering Network Security Insurance (e-MD), which covers allegations against an insured physician or medical group such as breach of privacy, identity theft, etc. e-MD includes government investigations defense cost insurance, which covers government investigations …