Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See the Ratings List for the ratings …
Underwriting manager Victor O. Schinnerer & Co. has introduced a new stand-alone workers’ compensation program. Schinnerer will serve as a program access point for retail agents and brokers. The stand-alone coverage, offered through an A-rated insurance carrier, is available for …
Hartford, Conn.-based SPARTA Insurance Co. promoted Tom Colosi to chief underwriting officer effective June 1. He has been serving as senior vice president of underwriting since joining SPARTA last November. Prior to joining SPARTA, Colosi led The Hartford’s countrywide group …
Novato, Calif.-based Fireman’s Fund Insurance Company appointed Erik Matson to the position of commercial insurance field executive.In this role, Matson will be responsible for growing Fireman’s Fund’s commercial insurance business, including middle market, small business and farm & ranch business. …
Overland Park, Kan.-based SeaFire Insurance Services said it is seeking new agency partners in Pennsylvania and New Jersey for its exclusive auto dealer and repair insurance program. SeaFire said it will consider appointments for retail insurance agencies with scale, brand, …
U.S. Transportation Secretary Ray LaHood announced on Thursday an additional $3.7 billion in disaster relief funds to help the four major transit agencies in New York and New Jersey that sustained the greatest damage from Hurricane Sandy. In addition to …
A Connecticut bill that would expand a ban on steering by auto damage appraisers to include glass repairs is moving to the governor’s desk. The state Senate voted Wednesday, 34-2, in favor of a bill requiring an insurance company or …
The wealthiest 20,000 U.S. farmers should pay more for taxpayer subsidized crop insurance, the Senate voted on Thursday, adopting a measure that blended deficit reduction, populism and farm program reform. Senators approved the amendment by a lopsided 59-33 vote, in …
Shark Proof The three I’s in Shark proofing are Insulation –Investment – Influence In the first two installments, we covered Insulation & Investment. Today I finish the series with Influence. As you remember, a ” Shark” is what I …
The government’s weather center is forecasting that this year’s Atlantic hurricane season that begins June 1 will be an active one, perhaps even extremely active, during its six months. Experts at the National Oceanographic and Atmospheric Administration (NOAA) said there …
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