West Virginia News

Foremost Insurance Co. Won’t Raise Homeowners Rates on Deployed Military

The Grand Rapids, Mich.-based Foremost Insurance Group of companies is modifying underwriting guidelines for current mobile home and non-standard homeowner customers who are being militarily deployed and are leaving an unoccupied home behind. Effective immediately, Foremost mobile home and non-standard …

Personal Umbrella

Nuts & Bolts: Superior Access expanded its personal umbrella programs with two new carriers, both rated “A” (Excellent) by A.M. Best. Agent commissions are 10 percent on both new and renewal business for both programs. Dollars: Program 1:limits from $500,000-$2M.Underlying …

InsureVianet Rolls Out New Program to an Additional 16 States and District of Columbia

InsureVianet announced today it has expanded the number of states for its online Executive Liability Suite by 16 additional states and the District of Columbia, bringing to 38 the total number of states in which the company offers its online …

BB&T Completes SEFCO Acquisition

BB&T Corporation reported that it has completed the company’s acquisition of insurance premium finance company Southeast Fidelity Corporation (SEFCO) of Tallahassee, Fla. BB&T has combined the 5-year-old firm with Prime Rate Premium Finance Corporation Inc., the Florence, S.C.-based premium finance …

Superior Access Introduces Two New Personal Umbrella Programs

Irvine, Calif.-based Superior Access Insurance Services Inc. recently announced that they are expanding their personal umbrella programs with two new carriers – both are rated “A (Excellent) ” by A.M. Best. One program offers limits from $500,000 – $2 million …

Med Mal Fever: When Doctors Walk Out, Politicians Notice

They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …

Alliance Lauds W. Virginia Legislature for Action on Mass Tort Reform

The Alliance of American Insurers praised the West Virginia Legislature for its passage of SB 213, a venue reform bill that limits the ability of non-residents to bring suit in the state. “The lawmakers of West Virginia have wisely chosen …

Ill., Mo. Join AMA’s Crisis List

Illinois and Missouri, along with six other states, have been added to the American Medical Association’s list of states whose medical liability system are deemed to be in crisis. In Illinois, where the state Supreme Court has overturned medical liability …

ProAssurance Reports Fourth Quarter 2002 Increases

Birmingham, Ala.-based ProAssurance recorded net income of $11.97 million, or $0.43 per diluted share for the fourth quarter of 2002, compared with $4.25 million, or 16 cents per diluted share, in the same period in 2001. The company said it …

Med Mal Fever: When Doctors Walk Out, Politicians Notice

They’re baaack. High-flying medical malpractice liability claims losses, that is. The availability crisis of the 1970s and the affordability crisis of the 1980s may be nothing compared to the crisis insurers and doctors face this time around. Almost 8 percent …