non-admitted News

OneBeacon Launches Non-Admitted Lawyers E&O Product

OneBeacon Professional Insurance (OBPI), a member of OneBeacon Insurance Group, Ltd., has launched a new non-admitted lawyers’ professional liability product for law firms in certain areas of practice. “This new, non-admitted product gives brokers the flexibility to consider a wide …

California Insurance Commissioner, Insurers Settle on Iran Investments

California Insurance Commissioner Dave Jones and a group of insurers have settled litigation over insurer investments in companies doing business in Iran, it was announced on Friday. The terms of the settlement permit the Jones to “maintain a public list …

Abram Interstate Adds a Market for Hard-to-Place Risks

Abram Interstate Insurance Services has added a new carrier that will provide competitive pricing and flexibility for hard-to-place accounts in California. Some of the products the new market will cover include roofing, grocery stores, remodeling contractors, alarm installation and carpet …

Florida, Mississippi, Hawaii Sign Surplus Lines Tax Agreement

Florida, Mississippi and Hawaii have entered into an agreement that will allow them to keep millions of dollars in taxes on surplus lines insurance policies. The agreement was the result of federal legislation — the Nonadmitted and Reinsurance Reform Act …