Washington News

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Campgrounds, Dude Ranches & Other Outdoors Risks Market Detail: Hull & Company Inc. has availability …

Captives Fuel Growth and Income for Agency Owners

Now is the Time for a Captive: Don’t Wait for the Next Hard Market In times likes these, where the insurance industry is now in its fifth year of a soft market, the use of an agency captive insurance company …

Health Insurers, White House Spar as Healthcare Debate Heats Up

The health insurance industry Thursday struck back at provisions in Congress’ healthcare proposals that it said would do little to curb the nation’s spiraling costs or provide people more affordable coverage. Congress is tip-toeing toward incremental healthcare reform that does …

Washington Warns Green Valley Residents about Flood Insurance

With a recent check showing that fewer than 1 in 4 of the buildings in the Green River flood plain have federal flood insurance, state Insurance Commissioner Mike Kreidler is strongly urging more owners and renters to buy flood coverage …

The Hanover Forms Agreement With OneBeacon, Expands in West

Worcester, Mass.-based The Hanover Insurance Group Inc. announced that it has entered into a renewal rights agreement with OneBeacon Insurance Group as part of its goal to strengthen its competitive position and expand in western states. Through the agreement, The …

China, Other Big Developing Countries Reject Copenhagen Climate Plan

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the world’s top emitter, together with …

New Jersey Car Insurance Prices Down But Still Rank Second Highest

New Jersey is No. 2 when it comes to the nation’s highest auto insurance rates. Data in the National Association of Association of Insurance Commissioners’ annual report shows the average Garden State resident in 2007 paid just over $1,100, down …

Documents Show How Ex-Cardinal Handled Conn. Sex Abuse Claims

Recently retired New York Cardinal Edward Egan expressed skepticism over sexual abuse allegations against priests when he was a Connecticut bishop a decade ago, saying he found it “marvelous” that so few priests had been accused over the years, according …

Washington Domestic Partner Law Goes Into Effect

Washington State’s new domestic partnership law goes into effect today, and that means wherever a policy says ‘spouse’ the policy must cover registered domestic partners, Insurance Commissioner Mike Kreidler said. Writing on his state insurance blog, Kreidler said the new …

TAPCO Underwriters Expands Into Alabama and Louisiana

Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company explained in its announcement that it has …