Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …
The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken, commissioner, Pennsylvania Insurance Department, and Vice Chair Dorelisse Juarbe Jiminez, commissioner, …
The Utah Insurance Department has announced a 114.3 percent increase in the number of licensed captive insurers in 2006. As of Dec. 31, 2006, assets of Utah captive insurance companies totaled approximately $41.4 million, capital and surplus of $9.6 million …
Attorneys Fees State Farm Mutual Automobile Insurance Co. v. Lestenkof (Alaska, Sept. 29, 2006) Ruling: In this case, the court considered whether an auto insurer must pay unlimited (Alaska Civil Rule 82) attorney’s fees to settle on underinsured motorist insurance …
Hospitality Program Nuts & Bolts: Underwriters at PLIS are offering The Hospitality program, written on Lloyd’s paper covering named perils ranging from Aeromonas hydrophila to Yersinia enterocolotica. The policy has the benefit of: a “trade name trigger;” up to 25 …
Insurers warn against subsidies 10 Safeco to cut homeowners, commercial rates 200,000 Calif. customers to benefit, company says 10 Ariz. lawmakers move to raise burden of proof on ER suits Identical bill vetoed by Gov. Napolitano last year 11 Superior …
Los Angeles-based Farmers Insurance Group of Companies has announced a number of senior appointments. F. Robert Woudstra, executive vice president, has been appointed president and chief operating officer of Farmers Group Inc. In 1999, he was promoted to chief operating …
The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new assignments are for one year: International Insurance Relations Committee: chair, Diane Koken, commissioner, Pennsylvania Insurance Department, and vice chair, Dorelisse Juarbe Jiminez, commissioner, Puerto …
N.J. Coastal Property Nuts & Bolts: McSweeny Agency of New Jersey is offering coverage on boardwalk stores, ocean front, bay front, condos, dwellings, and seasonal commercial properties. Dollars: $100,000 to $1 million. Carrier: Rated “A+” by A.M. Best. Non-admitted. States: …
Common thread “The common threat that brought us together is terrorism. That was our springboard.” Jonathan Edmondson, operations manager of the British Red Cross, at a meeting in New York of government and American Red Cross disaster experts from New …
