A.M. Best Co. downgraded the financial strength rating to “A” (Excellent) from “A+” (Superior) of Liberty Mutual Insurance Cos., based in Boston, Mass. Also downgraded was the financial strength rating of Liberty Northwest Group, Portland, Ore. to “A” (Excellent) from …
Nuts & Bolts: buildersrisk.com is offering a course of construction available through any agent—no appointment or fees. Endorsements are available. Dollars: Policy limits up to $25,000,000; deductibles of $1,000 standard, others available; minimum premium of $375 in most states. Carrier: …
Nuts & Bolts: Philadelphia Insurance Companies recently released a new product offering, the Business Owners Policy (BOP) for business professionals. PHLY’S BOP provides comprehensive property & liability coverage and is being offered in conjunction with professional liability offered to all …
The Alliance of American Insurers (AAI) is opposing passage of a bill heard Tuesday by a Massachusetts legislative panel that would add fuel spill coverage to the standard homeowners insurance policy. HB 1961 mandates that insurers writing homeowners insurance in …
Republican Minnesota Gov. Tim Pawlenty has made his state the third in the nation to enact a law that will go a long way toward stabilizing the commercial insurance market, according to a statement released by property/casualty trade group Alliance …
Hundreds of Massachusetts doctors attended a rally on the steps of the State Capital in Boston on Tuesday to protest the premium increases they are being asked to pay in order to obtain medical malpractice insurance. According to a report …
InsureVianet announced it has expanded the number of states for its online Executive Liability Suite by 16 additional states and the District of Columbia, bringing to 38 the total number of states in which the company offers its online small …
The Grand Rapids, Mich.-based Foremost Insurance Group of companies is modifying underwriting guidelines for current mobile home and non-standard homeowner customers who are being militarily deployed and are leaving an unoccupied home behind. Effective immediately, Foremost mobile home and non-standard …
Nuts & Bolts: Superior Access expanded its personal umbrella programs with two new carriers, both rated “A” (Excellent) by A.M. Best. Agent commissions are 10 percent on both new and renewal business for both programs. Dollars: Program 1:limits from $500,000-$2M.Underlying …
Nuts & Bolts: Philadelphia Insurance Companies, A.M. Best rated “A+” (Superior), released a new product offering, the Business Owners Policy (BOP) for business professionals. PHLY’s BOP provides comprehensive property & liability coverage and is being offered in conjunction with professional …
