The U.S. Court of Appeals for the First Circuit has refused to overturn a ruling striking down Puerto Rico’s controversial countersignature law that required non-resident commercial insurance brokers to have the countersignature of a Puerto Rico resident agent before they …
Some insurer groups described the Indiana session as a knock-down, drag-out fight to protect the interests of property/casualty insurance industry. Whether you want to blame the recent bombardment of tornadoes, hail storms and spring blizzards on global warming or just …
Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report in July 2004, questioning the transparency of environmental …
New Markets Nuts & Bolts: Arrowhead General Insurance Agency Inc., based in San Diego, Calif., is rolling out a new homeowners program in Texas. Coverage highlights in-clude: Specified additional amount of insurance-Coverage A-allows up to 25 percent additional coverage in …
Agent and brokers accustomed to sending tough workers’ compensation risks to the residual market may want to consider another solution. The National Council on Compensation Insurance, which prepares workers’ compensation rates and manages residual market plans in many states, has …
Is your directors and officers policy polluted? Shareholders and environmental groups are taking a closer look at the environmental disclosures made by public companies. The U.S. General Accounting Office issued a report in July 2004, questioning the transparency of environmental …
The savings varies by state and other factors but in 2005 the average risk in pilot states placed in the VCAP program saved $646 compared to what it would have been charged if placed in the residual market. Agent and …
A new report uncovers the wider tragedy of fatal car crashes involving teen drivers and is putting new impetus behind state efforts to limit passengers in teenagers’ cars. Over the past decade, nearly two out of three victims in fatal …
Safeco, based in Seattle, is offering its workers compensation product on a stand-alone — or monoline — basis in 25 states. The move is designed to give small businesses more flexibility in acquiring coverage through their independent insurance agent. Safeco …
Western National Insurance Group, based in Edina, Minn., will form an affiliation with Farmers Home Group of Bloomington, Minn. The Boards of Directors of the respective companies approved the transaction at meetings this week. It is anticipated that the Farmers …
