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Ascent Increases U.S. Medical Billings E&O Limits, Adds Reputational Harm Cover

Ascent Underwriting, a managing general agent (MGA) specializing in emerging and professional risks, has enhanced its CyberPro medical billings errors and omissions product and increased limit availability to $5 million. The insurance product was launched at the end of last …

Ohio Workers’ Comp Agency Settles Overcharges Lawsuit

The Ohio Bureau of Workers’ Compensation has reached an agreement in principle to settle the San Allen case, a class action lawsuit filed in 2007 against the BWC over the pricing of workers’ comp policies that were in place between …

Cause of Blaze at North Dakota Oil Supply Company Unknown

More than half a day after an industrial fire broke out in the North Dakota oil patch town of Williston, N.D., authorities still were unable to say what caused the massive blaze. The fire, which started around midnight Monday and …

Bond Insurers: Fight Against Detroit Bankruptcy Plan to Continue

Companies that insure Detroit bonds and stand to lose millions repeated a pledge to aggressively challenge the city’s bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led by the state. Syncora and Financial Guaranty …

2,000 Structures in Fargo, N.D., to Need Flood Insurance with Map Changes

More people will be required to buy flood insurance in Fargo because of a change in flood plain maps. About 2,000 homes and businesses will need insurance when the new Federal Emergency Management Association map goes into effect in January. …

LevelFirst Adds Taylor as Senior Underwriter/Broker in Dallas

LevelFirst, a wholesale broker and managing general agency based in Dallas, Texas, announced Ryan Taylor has joined the company as a senior underwriter/broker. Taylor brings 10 years of wholesale experience to the company. He will be responsible for underwriting all …

First Guard Insurance Names Wilson President

First Guard Insurance Co., a Venice, Fla.-based direct writer of physical damage and non-trucking liability insurance for leased owner operators, announced that Courtney M. Wilson has been named president. Wilson succeeds Donna Fortuna who was elected president in 2007. Fortuna …

Pennsylvania Auditor Cites Flaws in Gas Drilling Regulation

Strained by the rapid expansion of natural gas drilling in Pennsylvania and limited resources, environmental regulators have failed to adequately monitor well safety or to provide clear and timely information to citizens, the state’s elected auditor said Tuesday. Eugene DePasquale …

Liberty Mutual Launches Towing Program Through Trinity Transportation Services

Liberty Mutual Insurance, through its program administrator Trinity Transportation Services, LLC, is now offering coverage for towing companies. The Liberty Mutual Trinity Towing Program offers commercial auto, general liability, property, inland marine and excess/umbrella coverages for towing operations and vehicles. …

Penn. Insurance Fraud Prevention Authority Appoints Executive Director

The Pennsylvania Insurance Fraud Prevention Authority (IFPA) in Mechanicsburg, Penn., has appointed Thomas A. Donahue III as executive director, effective August 5. Donahue succeeds current Executive Director Ralph Burnham who plans to retire.

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