Insurance Journal » Personal Lines http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Thu, 24 Apr 2014 01:46:34 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Security First to Offer Ironshore’s Primary Flood for High-Value Properties in Florida http://www.insurancejournal.com/news/southeast/2014/04/09/325892.htm Wed, 09 Apr 2014 16:32:15 +0000 http://www.insurancejournal.com/?p=325892 Security First Managers, LLC, a Florida-based managing general agent for high value homeowners programs, is expanding the flood coverage it offers utilizing Ironshore insurance capacity. Security First Managers can now offer primary flood insurance of $500,000 to its customers, in …

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Ironshore Personal Lines Adds Fine Arts, Valuables Endorsement http://www.insurancejournal.com/news/national/2014/04/07/325667.htm Mon, 07 Apr 2014 16:37:56 +0000 http://www.insurancejournal.com/?p=325667 Ironshore’s Personal Lines unit has expanded coverages available for high-net worth insured homeowners.  Ironshore clients can now obtain an endorsement for itemized fine art, jewelry, private collections, and other personal valuables.  Ironshore’s ‘personal articles floater’ is available to homeowner insureds …

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Ironshore Personal Lines Launches Primary Flood Coverage for High Value Homes http://www.insurancejournal.com/news/national/2014/04/02/325167.htm Wed, 02 Apr 2014 16:47:10 +0000 http://www.insurancejournal.com/?p=325167 Ironshore’s Personal Lines unit has expanded property coverage protection for high net worth homeowners.  Ironshore will offer a primary flood option as part of its homeowners insurance for properties valued at $1 million or more in selected states nationwide. By …

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Crestbrook Insurance Expands into California, More States to Come http://www.insurancejournal.com/news/west/2014/03/28/324712.htm Fri, 28 Mar 2014 16:55:32 +0000 http://www.insurancejournal.com/?p=324712 Crestbrook Insurance Co., an affluent market personal lines carrier, has expanded its products and services to independent agents and their clients in California. After launching in Illinois last October, the Nationwide Insurance subsidiary will continue to expand into Washington, Arizona, …

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Burand’s Agency E&O Blog: Tip #56 http://www.insurancejournal.com/blogs/agency-e-o/2014/03/27/324290.htm Thu, 27 Mar 2014 15:00:19 +0000 http://www.insurancejournal.com/?p=324290 Personal Lines Quote Sheets. In most agencies, CSRs base their personal lines quotes off the data gathered per their quote sheets. Two common problems exist using quote sheets. The first is many agencies’ quote sheets are inadequate. The questions are …

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Hartford Steam Boiler Announces Help Desk Service for Homeowners http://www.insurancejournal.com/news/national/2014/03/20/323824.htm Thu, 20 Mar 2014 16:47:19 +0000 http://www.insurancejournal.com/?p=323824 The Hartford Steam Boiler Inspection and Insurance Co. (HSB) is now offering technical support services for homeowners through a partnership with Sutherland Global Services (Sutherland), a provider of business process outsourcing. The services are available as part of MyHomeWorks, a …

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National Interstate Enhances RV Coverage In New York http://www.insurancejournal.com/news/east/2014/03/14/323372.htm Fri, 14 Mar 2014 16:31:13 +0000 http://www.insurancejournal.com/?p=323372 National Interstate Insurance Co. has enhanced its specialty recreational vehicle insurance product offering  in the state of New York with additional coverages including total loss replacement, agreed value, and consignment. According to Tony Mercurio, executive vice president and chief operating …

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XL Group’s Specialty Businesses Launch Luxury Lines Program for Private Clients http://www.insurancejournal.com/news/national/2014/02/24/321367.htm Mon, 24 Feb 2014 17:48:19 +0000 http://www.insurancejournal.com/?p=321367 XL Group’s Specialty insurance businesses in North America have teamed up on a new luxury lines to extend their equine, aviation, yacht, fine art, and kidnap, ransom & extortioncoverages to protect high net worth private customers and their possessions. According …

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ACE Recreational Marine Introduces Policy Discount for Safety-Concious Boat Owners http://www.insurancejournal.com/news/national/2014/02/10/319996.htm Mon, 10 Feb 2014 16:56:46 +0000 http://www.insurancejournal.com/?p=319996 ACE Recreational Marine, a nationwide recreational marine insurance provider and part of ACE Group, has introduced an optional endorsement that waives coverage for storm surge damage for those boat owners who are willing to move their vessels out of harm’s …

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Fullenkamp Promoted to VP, Personal Lines at Motorists Mutual Insurance http://www.insurancejournal.com/news/midwest/2014/01/30/318828.htm Thu, 30 Jan 2014 06:59:40 +0000 http://www.insurancejournal.com/?p=318828 Columbus, Ohio-based Motorists Mutual Insurance Co. has promoted Joe Fullenkamp to vice president, personal lines division. Fullenkamp most recently served as the assistant vice president, personal lines division. He was previously a district sales manager for Motorists’ Columbus South District …

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Barney & Barney Bay Area Names Williams Managing Director http://www.insurancejournal.com/news/west/2014/01/27/318476.htm Mon, 27 Jan 2014 17:11:26 +0000 http://www.insurancejournal.com/?p=318476 Barney & Barney LLC named Chris Williams managing director of its Bay Area offices in Northern California. Williams will lead the firm’s Bay Area team of professionals. Williams is also responsible for developing strategy, design, implementation and communication of employee benefit …

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Homeowners Choice Sells First Flood Policy in Florida http://www.insurancejournal.com/news/southeast/2014/01/24/318340.htm Fri, 24 Jan 2014 16:41:23 +0000 http://www.insurancejournal.com/?p=318340 Homeowners Choice Property & Casualty Insurance Co., Inc., a Florida based provider of admitted homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., is now selling flood insurance to existing customers in Florida. Many Florida residents have seen a …

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Fireman’s Fund Secures New Tree Service Vendor for Homeowner Insureds http://www.insurancejournal.com/news/national/2014/01/14/317081.htm Tue, 14 Jan 2014 17:14:26 +0000 http://www.insurancejournal.com/?p=317081 Fireman’s Fund has secured HMI as one of its Prestige Advisory Services vendors. HMI manages a national network of credentialed tree care companies representing more than 2,500 tree crews and 1,500 certified arborists. HMI provides a new inspection service that …

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MAPFRE | Commerce Insurance Launches Telematics Program in Massachusetts http://www.insurancejournal.com/news/east/2013/12/18/314903.htm Wed, 18 Dec 2013 17:30:48 +0000 http://www.insurancejournal.com/?p=314903 MAPFRE | Commerce Insurance has launched its DriveAdvisorProgram in Massachusetts. The new program will allow eligible Massachusetts drivers to receive comprehensive information on driving patterns and overall driving behavior through telematics technology. Participants in the program, which is offered at …

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Plymouth Rock, Bunker Hill Offer Combined Home, Auto Coverage to Massachusetts AARP Members http://www.insurancejournal.com/news/east/2013/12/13/314422.htm Fri, 13 Dec 2013 17:16:34 +0000 http://www.insurancejournal.com/?p=314422 The senior citizen organization American Association of Retired Persons (AARP) has chosen Boston-based Plymouth Rock Assurance and its affiliated Bunker Hill Insurance to issue auto and home insurance products for AARP members in Massachusetts, starting this month. The new AARP …

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Ironshore Personal Lines Unit to Offer Excess Flood Coverage http://www.insurancejournal.com/news/national/2013/12/04/313005.htm Wed, 04 Dec 2013 17:54:54 +0000 http://www.insurancejournal.com/?p=313005 Ironshore’s Personal Lines unit is expanding flood insurance coverage for high net worth homeowner clients.  The excess flood insurance is an endorsement available on homeowners policies underwritten by Ironshore through its network of program administrators.  The coverage provides an excess …

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Arbella Expands Carpartment Insurance to Connecticut http://www.insurancejournal.com/news/east/2013/11/13/311199.htm Wed, 13 Nov 2013 17:06:11 +0000 http://www.insurancejournal.com/?p=311199 The Arbella Insurance Group has expanded Carpartment insurance to Connecticut, via Bearingstar Insurance agents. Designed to help make renter’s insurance policies simpler and more affordable, Carpartment offers discounts to tenants who insure their cars with Arbella. According to Jim Hyatt, …

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U.S. Regulator Unveils New Insurance Fee Guidelines http://www.insurancejournal.com/news/national/2013/11/05/310332.htm Tue, 05 Nov 2013 16:30:11 +0000 http://www.insurancejournal.com/?p=310332 A U.S. housing regulator said on Tuesday that it would ban some fees and commissions that borrowers are compelled to pay when their own home insurance coverage lapses. The Federal Housing Finance Agency said it was aiming to shield homeowners …

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ISO Launches Standardized Motorcycle Program for Personal Lines Insurers http://www.insurancejournal.com/news/national/2013/10/30/309829.htm Wed, 30 Oct 2013 16:50:53 +0000 http://www.insurancejournal.com/?p=309829 ISO has filings underway for its new standardized motorcycle program. The program consists of forms, rules, and loss costs tailored to fit the specific requirements for insuring a motorcycle. The base policy provides liability, medical payments, uninsured motorists, and physical …

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Imperial Management Corp. Acquires National Automotive Insurance http://www.insurancejournal.com/news/southcentral/2013/10/18/308691.htm Fri, 18 Oct 2013 23:25:28 +0000 http://www.insurancejournal.com/?p=308691 Imperial Management Corp. (IMC) announced an agreement to purchase National Automotive Insurance Co. (NAIC) headquartered in Metairie, La. The transaction is pending approval of the Louisiana Department of Insurance and is expected to close the first week of November 2013. …

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J.D. Power: Personal Lines Agents Missing out on Opportunities in Renters Segment http://www.insurancejournal.com/news/national/2013/09/30/306635.htm Mon, 30 Sep 2013 16:27:55 +0000 http://www.insurancejournal.com/?p=306635 Insurance agents who only focus on homeowners insurance customers are missing a golden opportunity to build long-term relationships with renter customers as their insurance needs grow due to life or circumstance changes—such as having a family or purchasing a home …

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The Hartford Extends Term of AARP Home, Auto Insurance Program http://www.insurancejournal.com/news/national/2013/09/27/306491.htm Fri, 27 Sep 2013 16:01:59 +0000 http://www.insurancejournal.com/?p=306491 The Hartford has extended its agreement with AARP to offer home and auto insurance products to its members. With the three-year extension, The Hartford’s relationship with AARP now runs through January 1, 2023. This is the fourth extension since the …

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MetLife: Lack of Car, Home Insurance Sales ‘Ridiculous’ http://www.insurancejournal.com/news/national/2013/09/26/306362.htm Thu, 26 Sep 2013 13:30:07 +0000 http://www.insurancejournal.com/?p=306362 MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company’s main retail business said they’ve been missing an opportunity to diversify sales. “Out of our 58 agencies, …

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Sprint Expands User-Based Insurance Platform http://www.insurancejournal.com/news/national/2013/09/03/303705.htm Tue, 03 Sep 2013 15:53:01 +0000 http://www.insurancejournal.com/?p=303705 Sprint is expanding its user-based insurance platform — Integrated Insurance Solutions — with two new products that the company believes is the next step for UBI 2.0. Working with Modus, Sprint launched a text disablement product that is hard wired …

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Prior Approval of Auto Rates Does Not Benefit Consumers: Study http://www.insurancejournal.com/news/national/2013/08/21/302411.htm Wed, 21 Aug 2013 15:28:22 +0000 http://www.insurancejournal.com/?p=302411 The prior-approval rate regulation of auto insurance is considered an unnecessary and ineffective approach, according to a new industry study. Risk and insurance experts responding to the survey conducted by the Insurance Research Council held the view that prior-approval rate …

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Marsh Names Tobin as CEO, Private Client Services http://www.insurancejournal.com/news/national/2013/07/29/299842.htm Mon, 29 Jul 2013 14:51:31 +0000 http://www.insurancejournal.com/?p=299842 Marsh has appointed Kevin Tobin to be CEO of its Private Client Services (PCS).Currently chief operating officer of Marsh’s Insurance Services Businesses (ISB) unit, he will assume the role on August 1. Tobin will be responsible for leading this business, …

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Insurance Journal Co-Sponsors MarshBerry Market & Financial Survey http://www.insurancejournal.com/news/national/2013/07/24/299520.htm Wed, 24 Jul 2013 16:11:15 +0000 http://www.insurancejournal.com/?p=299520 How are agencies targeting new business today? What do agencies want most from carriers? And just how much are agencies growing in current market conditions? These are some of the questions that a new industry survey plans to answer. Participate …

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Burand’s Agency E&O Blog: Tip #38 http://www.insurancejournal.com/blogs/agency-e-o/2013/07/19/298934.htm Fri, 19 Jul 2013 13:00:42 +0000 http://www.insurancejournal.com/?p=298934 Inflation Factors on Personal Lines Property. Some personal property forms lack automatic inflation adjustments that increase the structural limit annually. Usually these are dwelling forms, but not always. In any given year, the difference is usually so minor that the …

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Missouri to Allow Digital Proof-of-Insurance Cards http://www.insurancejournal.com/news/midwest/2013/07/11/298158.htm Thu, 11 Jul 2013 15:35:54 +0000 http://www.insurancejournal.com/?p=298158 The panic attacks soon could be a thing of the past for Missouri motorists searching frantically through their glove boxes for a proof-of-insurance card to show police. Missouri Gov. Jay Nixon has signed legislation that allows people to show proof …

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EPIC, Dowling Capital Form Protector Holdings to Capture Hispanic Market http://www.insurancejournal.com/news/national/2013/06/24/296295.htm Mon, 24 Jun 2013 11:00:25 +0000 http://www.insurancejournal.com/?p=296295 As the Hispanic and Latino populations continue to grow, so should the insurance company options available to them. That is the thinking of one new Hispanic-focused insurance venture. Paul Areida, CEO of the newly formed Protector Holdings, said the acquisition …

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