Commercial Lines Capacity ‘Remains Plentiful’ Underwriting capacity remains plentiful across most lines of commercial insurance and there are no significant insurance coverage restrictions, despite major losses associated with the Deepwater Horizon spill and the Chilean earthquake, according to a recent …
Guess Who’s Coming to Washington?
It’s a long way from Main Street America to Capitol Hill, a distance most small business owners prefer not to travel. But greater numbers of business owners than ever before will be packing up and moving to Washington, D.C., next …
M&A Activity Heats Up
The Race to the Finish Line Merger and acquisition (M&A) activity between July and September was robust making the third quarter the most active with 61 deals versus 36 last year. Deal volume for the first nine months is up …
Some Vestiges of Patent Infringement Coverage Remain
Despite multiple changes in general liability forms, redefined offenses, and the addition of exclusions, there are still instances in which coverage for patent infringement may exist. Under the standard commercial general liability policy, the coverage is provided in two sections. …
Business Moves
Ohio Mutual, Casco Indemnity Ohio Mutual Insurance Group (OMIG) agreed to acquire N.E. Corp. and its wholly-owned subsidiary Casco Indemnity Co., a property and casualty insurer located in Saco, Maine. The transaction is expected to be completed by the end …
People
The National Association of Insurance Commissioners (NAIC) elected Louisiana Insurance Commissioner James J. Donelon as Secretary-Treasurer for 2011. Donelon is presently serving on the Executive Committee of the NAIC and is chairman of its Surplus Lines Task Force. He will …
Berkley: Economic Recovery Depends on Country’s State of Mind
Economic recovery in the United States is now very dependent on the state of mind of the American public and its business leaders, according to William R. Berkley, founder, chairman and CEO of W.R. Berkley Corp. “No one in Washington …
Outcome of G20 Summit in Seoul
World leaders said they would work to tackle global economic “tensions and vulnerabilities” that have raised fears of currency wars and trade protectionism as they wrapped up a Group of 20 summit in Seoul on Friday. The following is a …
Key Facts and Provisions of U.S.-South Korea Trade Deal
The United States and South Korea are working to resolve beef and auto trade issues blocking U.S. congressional approval of a free trade agreement while President Barack Obama is in Seoul for the Group of 20 summit. An announcement is …
Mina Named Managing Partner for Willis of Maryland
John Mina has been appointed managing partner at Willis of Maryland, Inc. Mina will be responsible for business development for Willis’ Washington, D.C.-based insurance brokerage operations. He will be based in Potomac, Md. Willis of Maryland has more than 100 …
