White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’ Although it may seem like the debate over the …
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 Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …
PersonalUmbrella.com of Emeryville, Calif., announced that American Alternative Insurance Corp. (AAIC) will be the insurer of its online personal umbrella program. AAIC is a subsidiary of Munich Re America Corp. and an affiliate of Munich Reinsurance America Inc. The company …
A.M. Best has upgraded the ratings of New Hampshire-based insurer Phenix Mutual Fire Insurance Co. Best Co. upgraded the financial strength rating to A (Excellent) from B+ (Good) and issuer credit rating to “a” from “bbb-” of Phenix Mutual. Additionally, …
New York-based program manager Irwin Siegel Agency Inc. (ISA) says it has added several new eligible classes to its worker’s compensation program for the social services, small business and healthcare industries. The coverage, which is available as a stand-alone policy …
National Interstate Insurance Company, based in Richfield, Ohio, has expanded its Titan Group Captive Insurance Program to include general liability coverage. The company said it believes Titan to be the only group captive program on the market designed specifically for …
InStrategy Group, an insurance consultancy company based in Charlotte, N.C., has appointed Barbara Murphy as managing director. Murphy will lead the company’s Operations Practice. Murphy has more than 25 years of experience in the insurance industry. She has extensive experience …
International Excess, headquartered in Cleveland, Ohio, has launched a new division dedicated to crop, farm and livestock insurance. Chuck Gabel, divisional vice president of International Excess Agribusiness, has specialized in crop insurance and farm insurance for more than 20 years. …
Stephen P. Hunckler has been elected vice president by the boards of directors of Columbus, Ohio-based State Automobile Mutual Insurance Company and State Auto Property & Casualty Insurance Company. Hunckler joined State Auto in August as chief claims officer after …
A Chancery Court Judge in Cook County Illinois has halted a state insurance department order that prohibited a medical liability insurer from writing new business in the state. On Oct. 22, Illinois Director of Insurance Michael McRaith suspended the operations …
