Operations News

Agents capitalize on soft market opportunities when buying E&O

Jim Armitage of California and Jonathan Geib of Tennessee are among the numerous independent agents who are looking for higher professional liability limits, and why not. Soft market conditions prevail in today’s agent errors and omissions liability market. Armitage has …

News Currents

Report: N.D. has the best roads, Kansas ranks 3rd Nearly 52 percent of U.S. urban interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual …

The Hartford settlement ends agents’ contingent commissions

The Hartford Financial Services Group Inc. announced it has reached a settlement with the New York, Connecticut and Illinois attorneys general resolving matters relating to their investigations of the compensation arrangements between the insurer and its property/casualty agents and brokers. …

People

The Property Casualty Insurers Association of America has named Deputy Secretary of Commerce David A. Sampson to serve as the association’s president and chief executive officer. Sampson takes over the reins of PCI on Sept. 4. PCI represents more than …

Agents Errors & Omissions

If ever there was a time for insurance agents to get out and go looking for a better errors and omissions policy, this is the season. Agents who do will come across several admitted carriers that are welcoming new business …

My New Markets

Auto Repair Shop Pollution Liability Nuts & Bolts: USAssure Insurance Services is offering a new market that includes auto repair shops, as well as: oil change facilities, motor vehicle dealers, tire sales and repair, and auto parts stores. Coverage provides …

News Currents

Report: N.D. has the best roads, Kansas ranks 3rd Nearly 52 percent of U.S. urban interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual …

Flood & Peterson Distributes $2.9 Million in Workers’ Comp Dividends

Flood & Peterson Insurance of Greeley, Colo., has distributed $2.9 million in workers’ compensation dividend checks to 1,600 Colorado clients as a reward for maintaining safe workplaces and because of the company’s health and stability. Flood & Peterson works with …

Liberty Mutual Names Meuret VP for Regional Markets Field Operations

Richard E. Meuret has been appointed vice president and manager, Field Operations Analysis for Liberty Mutual Agency Markets regional company operations. Meuret will be based in the Boston home office and will work with the eight regional companies to achieve …

Specialty Lines, Investment Results Highlight OneBeacon 2d Quarter

OneBeacon Insurance Group, Ltd. reported adjusted book value per share of $18.21, an increase of 8.3% through June 30, 2007 and 3.7% for the second quarter, including dividends. For the 12 months ended June 30, 2007, adjusted comprehensive return on …