From Maine to Virginia, agents and adjusters helped property owners dig out from damaging floods. High waters seemed to hit a new state every week. Meanwhile, these same agents had to worry about whether their income was at stake due …
Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its excess liability insurance. The built-in enhancements, catering …
E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically for property/casualty agents licensed less than three years. The newly licensed agents program provides a liability …
Robert M. Hoye, formerly of Arrowhead General Insurance Agency, has died of natural causes. Hoye was born in Harvey, N.D. on March 23, 1923, the son of Scandinavian immigrants. After graduating from Harvey High School in 1941, he joined the …
Vermont officials are looking to ride the latest wave in captive insurance company formations– companies looking to reinsure life insurance policies. The Vermont Department of Banking, Insurance, Securities and Health Care Administration has scheduled a Jan. 4 hearing in Montpelier …
Hub International Limited said it plans to accelerate its penetration of the transportation insurance market by acquiring Vermont-based Coburn Insurance Agency, Inc. The $9 million revenue broker has entered into a letter of intent with Hub International Transportation Insurance Services …
The Vermont Labor Department has put off plans to change the way injured workers are evaluated for workers’ compensation claims. Stephen Monahan, director of the Workers Compensation & Safety Division, on Wednesday asked the Legislature’s Administrative Rules Committee to delay …
The Justice Department this week agreed to ease its tough legal tactics against scandal-tainted corporations, requiring prosecutors to get approval from Washington before seeking confidential information between firms and their lawyers. Moreover, under the new policy the government no longer …
Frank J. Coyne, chief executive officer of Insurance Services Office, recently warned that insurers unable to keep up in the technological arms race face a grim prognosis. The industry leader said a chasm is growing between insurers using state-of-the-art analytics …
Monoline Auto Classes, Small Commercial Nuts & Bolts: Zurich’s small business agents now have more than 500 monoline auto classes to sell. The company has opened an additional 257 existing America Premier classes for monoline auto and added 238 new …
