About the Commercial Lines Leaders: The Commercial Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only the commercial lines numbers of agencies that submitted …
House panel votes to add wind to flood program Private insurance companies are balking at a decision by a key House panel to expand the federal flood insurance program to include wind coverage. The House Financial Services Committee voted late …
Citizens Insurance Company of America, part of The Hanover Insurance Group, Inc., recently announced that David N. Jeffery, has been named regional vice president for personal lines for the company’s Michigan territory. Jeffery will work out of the Citizen Insurance …
The chairman of the U.S. House Financial Services committee promised to quickly take up a bill seeking to stabilize the property insurance market in disaster-prone areas. The bill, introduced last week and prepared by Democratic Florida Reps. Ron Klein and …
Massachusetts Gov. Deval Patrick has signed legislation that requires businesses and government agencies to promptly notify consumers when private information such as Social Security and driver’s license numbers have been lost or stolen. The law also allows residents to place …
Vacation Income Property (VIP) Nuts & Bolts: Middle Oak is offering insurance designed exclusively for vacation income property. What is covered: homes, condos, short term or year round rentals, owner use, two nights, seasonal etc. In the name of a …
Safety Insurance Group, Inc. reported that its second quarter net income was $22.9 million, or $1.42 per diluted share, compared to $29.1 million, or $1.81 per diluted share, for the comparable 2006 period. Net income for the six months ended …
Declarations Good drivers “It neither affirms the status quo nor jumps headlong or without controls into the Wild West of competition. The idea is to advantage good drivers and make sure we are not harming good drivers wherever they are.” …
Connecticut’s Webster Financial Corp., parent of Webster Bank that owns the state’s largest insurance agency, could be out of the insurance agency business soon. Following a strategic review begun last September, the bank has decided to focus on its core …
For years, environmental issues, including issues arising from global warming, have hovered on the periphery of concerns affecting directors’ and officers’ liability exposure. But an April 2, 2007, decision by the U.S. Supreme Court, together with a confluence of other …
