With workers’ compensation insurance costs skyrocketing, many companies are considering a captive solution, but industry observers say companies should first consider all alternatives, and if they do decide to set up a worker’s comp captive, ensure that it is well-designed …
Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable, “A,” admitted. …
The Vermont Department of Banking, Insurance, Securities and Health Care Administration and the nation’s Better Business Bureaus have issued consumer advisories against companies going by the names Watermark Insurance, Inc. and Jefferson Financial Corp. among others. According to Ken McGuckin, …
Beecher Carlson Holdings Inc. has hired Joe Siech as executive managing director in its Atlanta office. Siech’s primary responsibility will be large account production and continued development of the Global Property Practice. Siech has 17 years experience in the insurance …
Berkshire Hills Bancorp, Inc. (AMEX: BHL), the holding company for Berkshire Bank in Pittsfield, Mass., has agreed to purchase Woronoco Bancorp, Inc. (AMEX: WRO), the holding company for Woronoco Savings Bank, including the bank’s two insurance agencies. Headquartered in Westfield, …
Leaving aside the insurance brokerage compensation investigations, the World Trade Center trial, the St. Paul-Travelers merger and the UnumProvident settlement, all of which have their roots in this region but grew to become national insurance stories; and bypassing most reform …
Nuts & Bolts: BVSA Marine Insurance is now offering coverage for recreational watercrafts up to 32 feet. Dollars: Liability limits of $500,000 are available. Deductibles range from 1 to 3 percent with no minimum premiums. Carrier: American Reliable rated “A,” …
AutoOne Insurance, an insurance company that accepts Assigned Risks on behalf of its client insurance companies, has been approved as a servicing carrier to write personal auto assignments in eight new states and to write commercial auto assignments in three …
ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced it will mark the opening of its new ACE Captive Solutions office in Burlington, Vt., with a ribbon-cutting ceremony. The ceremony will be held on Monday, …
Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Jane Hamilton as senior vice president and team leader in the newly formed Directors & Officers (D&O) Risk Practice. Located in the Atlanta office, Hamilton will assist with the …
