West Virginia News

SBA Economic Injury Loans Help W. Va. Businesses Following Storms

The U.S. Small Business Administration announced that low-interest loans to replenish working capital are available to West Virginia small businesses impacted by the July storms and subsequent federal disaster declaration. SBA Area Director William Leggiero, Jr. said the working capital …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors’ liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

E&O for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Insurance Co. have teamed up to offer this program. The E&O program provides protection against claims …

West Virginia Woman Sentenced in Comp Fraud Case

A Charleston woman has been sentenced to five years of supervised probation and ordered to pay full restitution to West Virginia’s Workers’ Compensation Commis-sion after pleading guilty to conducting a fraudulent scheme. Rebecca Lynn Carte pleaded guilty to the misdemeanor …

E&O for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Ins. Co. have teamed up to offer this program. The E&O program provides protection against claims …

Contractors

Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractors liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …

National E&O Coverage for Broker-Dealers

Nuts & Bolts: CalSurance launched a specialized errors and omissions program for broker-dealers with 75 or fewer registered representatives. CalSurance and Quanta Specialty Lines Ins. Co. have teamed up to offer this program. The E&O program provides protection against claims …

NAMIC Launches Web Site for State Election News

The National Association of Mutual Insurance Companies (NAMIC) has launched a new Web site, www.stateelections2004.com, to help provide insurance professionals with information about this fall’s state elections. The new Web site is similar to one that NAMIC produced to monitor …

W. Va. Okays Rate Hike for Medical Malpractice Insurer

The Associated Press reported that an insurance company that had threatened to stop offering medical malpractice coverage to doctors in West Virginia has been granted a 9.5 percent rate increase, according to Gov. Bob Wise. The state Insurance Commission’s approval …

Some W. Va. Flood Victims Get Tax Break

West Virginia residents in the Fayette, Lincoln, Logan and Mingo Counties who suffered damage in the late July severe storms can be exempted from paying some state sales and use taxes. Deadline for this exemption for both the victims of …