Personal Lines News

SkiSafe Expands Sailboat Coverage to Live Aboard Vessels

SkiSafe insurance has broadened its underwriting guidelines for its Sailboat Insurance program to provide coverage for sailboat risks with live aboard exposures.  In addition to the clientele of sailors already utilizing the SkiSafe program for protection against vessel damage, liability …

Ironshore Launches Security Endorsement for High Net Worth Insureds

Ironshore Personal Lines is introducing a Home and Family Security Endorsement to its High Value Homeowner Program to broaden coverage for losses arising from random attacks or situations impacting high net worth families.  Designed to meet the needs of high …

Confie Acquires Colyer Insurance in San Antonio

National personal lines insurance specialist, Confie, has acquired Colyer Insurance Agency Inc. of San Antonio, Texas. Colyer Insurance has been part of the San Antonio community for over 35 years providing personal lines. Based in California, Confie has acquired and …

5 Most Misunderstood Homeowners’ Coverage Concepts

Many are unaware that the Academy of Insurance has four “skills tests” available. Of the four, the personal lines skills test has proven to be the most popular. Here is a link to all four tests. From the beginning we …

UK Regulator Asks Insurers to Provide Transparency on Coverage Costs

The UK’s financial regulator said insurance companies are not always providing clear information to consumers about whether it is cheaper to pay for coverage upfront or in installments. The Financial Conduct Authority said the industry should take action when required …

A.J. Gallagher Builds Retail Presence in Chile With Majority Stake in QRM

Arthur J. Gallagher, the international broking division of Arthur J. Gallagher & Co. outside of the United States, has expanded its retail presence in Chile by purchasing a majority shareholding in independent broker Quality Risk Management Corredores de Seguros S.A. …

Could New Insurance Players Disrupt the Market?

Those with long careers in the insurance industry have seen newer entrants founder on the shoals of our business. Many well-intentioned outsiders don’t understand the innate complexities of the insurance ecosystem – complexities such as the long tail of liability …

BB&T-Oswald Trippe and Co. Hires DVIC Graduate for Miami Office

Shawn Kay has joined the staff at BB&T-Oswald Trippe and Company as a customer service representative in the Miami office working with personal insurance clients. Kay joined BB&T-OTC after completing his training with Disabled Veterans Insurance Careers, a nonprofit organization …

U.K.’s Direct Line 2014 Profit Misses Estimates on Less Premiums Written

Direct Line Insurance Group plc reported 2014 pretax profit that missed analyst estimates as the British home and car insurer wrote less premiums. Pretax profit for continuing operations rose 12 percent to 456.8 million pounds ($702.8 million) in the year to …

ACE Forms Travel Insurance Partnership with Transavia Airlines

ACE Group has signed a partnership agreement with Transavia to provide the airline’s customers with travel and flight cancellation insurance cover. Transavia, based in The Netherlands, is a member of the Air France KLM Group, and provides scheduled and charter …