NAS Insurance Services has introduced special events contingency and liability programs through its new Entertainment and Sports facility. Headed by Jerid Schmickle, the programs are available to entertainment, hospitality, media and sports organizations or individuals for concerts, festivals, sporting events …
Market Conditions Right for Insurers in Sports, Entertainment Segment Americans love their sports and entertainment, and right now so does the insurance industry. Insurers are renewing their focus on this class where they see potential, even in the midst of …
The time appears to be right for new ventures including program managers, wholesaler brokers and retail agencies despite uncertainty with the economy and insurance market. Why are these companies starting these endeavors now? “Buy low, and sell high,” says Robin …
OneBeacon Insurance Group Ltd. has formed a new specialty business, OneBeacon Program Group (OBPG), which will be led by President Dan Beaudette. The group will focus on small to medium commercial business written through select managing general agents, managing general …
As part of its expansion into direct-selling insurance to the global company marketplace, Swiss Re has partnered with Royal Sun Alliance (RSA) to offer single carrier property insurance to mid and upper-middle size U.S. companies with worldwide operations. This new …
The Supreme Court is holding the fate of the Patient Protection and Affordable Care Act of 2010 in its hands, but that hasn’t stopped the medical malpractice liability market from developing new products and taking other factors of “Obamacare” into …
Some in the insurance industry are staking their futures on the reputations of others. That is, they are looking to insure reputational risk. With the boom in social media, interest in reputational risk has itself boomed. The term refers to …
Even with historically low rates, tough competition, and a reduction in business, the architects and engineers professional liability class is still very highly sought after, with new players jumping in regularly. Some established liability players have been frustrated as capacity …
Some Signs Point to Better Times Ahead, Experts Say The construction market is showing hints of improvement, if only slightly, according to insurance specialists for this market. The contractor class has been one of the hardest hit by the financial …
Insurance agents serving the mortgage broker marketplace see some signs of improvement but they aren’t yet jumping for joy. The mortgage brokers error and omissions (E&O) market became severely strained when the 2008 economic crisis hit. Capacity shrunk dramatically, rates …
