Zurich North America Surety announced its new Notary Bond/Errors & Omissions Package to serve notaries public. The package, distributed through the company’s network of licensed independent agents, combines a notary public bond and an errors & omissions liability policy. The …
The insurance industry applauded the South Dakota Supreme Court for its recent review and rejection of a third-party bad faith lawsuit against an insurance company. “This is a major victory for insurers and their customers in South Dakota. Third-party lawsuits …
New Concept Insurance Agency of Vermillion, S.D., was purchased by Community First Insurance Inc., an affiliate of Community First Bankshares Inc. New Concept was started in 1981 by Rich Job and focuses on commercial, personal and farm insurance products. Community …
InsuranceNoodle, an online distributor of small business insurance through independent agencies, has engaged Woolard Gioia Blundell Associates as a strategic partner to assist in developing specifications for a range of new products to complement its current line-up of commercial insurance …
With the official arrival of the 2001 hurricane season, Royal & SunAlliance is confident of its ability to respond to major disasters because of the successful track record of its Catastrophe Center, one of only a handful in the insurance …
Navigators Management Company, a subsidiary of the Navigators Group Inc., announced the opening of its Midwest Regional Office, based in suburban Chicago. Initially focusing on marine insurance products including marine liability and cargo, the Midwest Regional Office will handle the …
Not surprisingly, compensation continues to be the single largest agency expense. The average independent agency in the U.S. spent between 62.2 percent and 66.3 percent on compensation in 2000, according to The Middleton Group’s biannual Compensation Survey. Some 2.3 million …
Less than half of the states are likely to have their own privacy rules in place by the July 1 deadline imposed by the Gramm-Leach-Bliley Act (GLBA), a survey conducted by the National Association of Mutual Insurance Companies (NAMIC) shows. …
The National Association of Insurance Commissioners (NAIC) will hold its Summer National Meeting in New Orleans, La., this weekend. After considerable deliberation, the Meetings Coordination Task Force decided against holding the meeting in San Francisco. At the request of the …
With over a year remaining on the November 2002 deadline, 25 state legislatures have enacted reciprocal producer licensing laws while bills in another 11 states are awaiting the governors’ signatures. The producer licensing legislation passing in states around the country …
