United States News

Text: Senate Finance Committee’s America’s Healthy Future Act of 2009

Chairman’s Mark America’s Healthy Future Act of 2009 Scheduled for Markup By the Senate Committee on Finance On September 22, 2009 America’s Healthy Future Act of 2009 TITLE I—HEALTH CARE COVERAGE SUBTITLE A—INSURANCE MARKET REFORMS SUBTITLE B—EXCHANGE AND CONSUMER ASSISTANCE …

Swiss Re Cites Report on Developing Countries Climate Change Costs

A report, published on Swiss Re’s web site from the Economics of Climate Adaptation Working Group, indicates that climate risks could cost nations up to 19 percent of their GDP by 2030, with developing countries most vulnerable. The full report, …

Valiant Introduces Management Liability Package for Private Firms

Valiant Insurance Group, Inc. (Valiant) has introduced a new package policy that provides a suite of primary management liability coverages tailored to the specific needs of small and medium-sized private companies. The “Private Company SAFEGUARD” package policy includes: directors and …

FBI Reports Crime Declined in 2008

According to the FBI, the estimated number of violent crimes in the nation declined for the second year in a row. Motor vehicle theft crimes also declined in 2008. FBI statistics show that the estimated volume of violent crimes declined …

California Firm Yates Hires Two

Yates and Associates has announced the hiring of two new employees in its property and casualty underwriting department: Laura Ruetz, ASLI, AU, and Sheila Webb. Both will be responsible for new business development. The Tustin, Calif.-based firm said Ruetz has …

S&P, Best See No Changes in Fairfax’ Ratings from Odyssey Re Repurchase

Neither Standard & Poor’s Ratings Services, nor A.M. Best anticipate any changes in their ratings on Toronto-based Fairfax Financial Holdings Ltd. As a result of the Company’s announced decision to acquire all of the outstanding shares of Odyssey Re Holdings …

AmWINS Acquires Group Benefits Unit from Willis HRH

Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH. MAG-EB is a wholesale broker of employee benefit plans for small and mid-sized employer groups …

House Passes Surplus Lines Reform Legislation

The House of Representatives passed HR 2571, the Non-Admitted and Reinsurance Reform Act of 2009 on Wednesday. The bill, authored by Reps. Dennis Moore, D-Kan., and Scott Garrett, R-N.J, will simplify the tax remittance and compliance responsibilities surplus lines brokers …

Former Ohio Insurance Agent Sentenced to 97 Months in Prison

Ohio Department of Insurance Director Mary Jo Hudson reported that on Sept. 01, 2009, former Maineville insurance agent William R. Appleton, II, was sentenced in United States District Court to 97 months imprisonment for one count of mail fraud and …

All About Teamwork

Fostering Close Working Relationships Is a Priority for The NIA Group Top 100 Agency Profile Ranking No.: 19 Agency Name: The NIA Group LLC Headquarters: Paramus, N.J. Year Founded: 1926 Additional Locations: 11 2008 Total Premium Volume: $953.72 million Property/Casualty: …