Operations News

Texas Insurance Professionals Honored by Utica National

Texas Insurance Professionals recently received the Outstanding Sales Achievement Award from the Utica National Insurance Group. Utica Special Programs Vice President/Director Curtis Pearsall praised Mark Solomon Jr., of All Auto Insurance Agency Inc. in Richardson and a TIP Board member, …

Sloan Mason Offers Oil and Gas Contractors Program

Sloan Mason based in San Diego is offering access to a new program for land-based oil and gas contractors nationwide. The company is providing general liability/auto/workers’ compensation with an “A” XV rated carrier. Minimum account premium starts at $25,000. For …

Endurance Closes ARMtech Acquisition

Bermuda-based Endurance Specialty Holdings Ltd. announced the closing of the acquisition by Endurance US Holdings Corp. of ARMtech Insurance Services, Inc. and its affiliates (See IJ web site – https://www.insurancejournal.com/news/national/2007/09/07/832. The bulletin noted that “ARMtech, headquartered in Lubbock, Texas, is …

S&P Downgrades MMC’s Ratings to ‘BBB-‘ on Marsh Problems

Standard & Poor’s Ratings Services has lowered its counterparty credit rating on Marsh & McLennan Cos. (MMC) to ‘BBB-‘ from ‘BBB’ as well as its short-term debt rating on MMC to ‘A-3’ from ‘A-2’. S&P also removed the ratings from …

Sloan Mason Offers Ready-Mix Concrete, Asphalt and Aggregate Package

Sloan Mason based in San Diego has coverages for ready-mix, asphalt and aggregate facilities nationwide. The company said it provides general liability/auto/workers comp/umbrella liability/inland marine/property for these clients with an “A+” XV rated carrier. Minimum premium starts at $20,000 for …

Effectively Navigating Environmental Liability Risk

Those involved in commercial real estate transactions are often confronted with environmental issues before and after the purchase of a site. Environmental issues can range from exposures associated with lead paint or asbestos in older buildings set for demolition to …

Effectively Navigating Environmental Liability Risk

Those involved in commercial real estate transactions are often confronted with environmental issues before and after the purchase of a site. Environmental issues can range from exposures associated with lead paint or asbestos in older buildings set for demolition to …

Darwin Pro to Acquire Florida’s Agency Marketing Services

Darwin Professional Underwriters, Inc. has joined with the lawyers professional liability experts at Wolf Professional Risk in Tampa, Florida to acquire Agency Marketing Services, Inc. of St. Petersburg, Florida. The acquisition will be effected through a new Darwin affiliate, Evolution …

RI3K Simplifies E-Trading Prices

London-based RI3K, the electronic trading service, which handles many of Lloyd’s transactions, announced that it has simplified its pricing tariff. The move comes in response to “market criticisms over its pricing,” said the bulletin. From now on carriers will be …

Audit: Wis. Never Implemented Health Care Program for Businesses

A program created by Wisconsin lawmakers in 1999 to reduce health care costs for small businesses was never implemented after running up nearly $500,000 in spending, according to an audit released last week. The Private Employer Health Care Coverage Program …