Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000 and selected industries. Since the first of …
New tensions are emerging between Vermont Senate leaders and the governor as the latest version of a health care reform initiative takes shape, renewing questions about whether a bill can be enacted this year. Senators say they’re trying to bridge …
Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique underwriting requirements …
Homeowners – TexasNuts & 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 …
Lockton Companies, Inc., the Kansas City, Mo.-based privately owned insurance broker, has opened a New York retail office, vowing to target complex middle-market clients and take a focused approach towards the Fortune 1000 and selected industries. Since the first of …
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 …
Rating organization A.M. Best has reaffirmed its A- (Excellent) rating of medical malpractice insurer ProMutual Group for 2006. A.M. Best said its rating is based on its independent opinion of the company’s strong financial underpinnings, overall capitalization, conservative reserve practices …
The Supreme Court has made it more difficult for investors to join forces to file high-stakes fraud lawsuits against companies. The 8-0 decision handed down on March 21 blocks state class-action lawsuits by stockholders who contend they were tricked into …
Insurance companies in New Hampshire have refunded $666,086 on 13,424 workers’ compensation policyholders for policies written in 2003, 2004 and 2005. Insurance Commissioner Roger Sevigny last July ordered insurers to correct for mistakes in employer class codes that were used …
