When it comes to complex employment-related legal disputes, 2012 will be considered a landmark year, according to a new report on employment class action litigation. Many of the key rulings of 2012 in class action cases hinged on the U.S. …
General Star Management Co. has made a series of revisions to the policy for its accountants professional liability program. Available exclusively via program administrator Pearl Insurance, the product is currently available in 28 states. The coverage is written on an …
As Americans do their best to plan for retirement, all it takes is a visit to a financial planner to realize the importance and value of long-term care insurance. The goal of purchasing it is two-fold: retaining as much of …
The overall composite rate for insuring commercial accounts in the United States ticked up 5 percent in November 2012 compared to the same month in 2011. According to MarketScout’s Commercial Lines Market Barometer, by coverage classification, property, excess liability, general …
West Chester, Pa.-based ProWriters (www.prowritersins.com), formerly a professional liability division of Venture Insurance Programs, has become an independent managing general underwriter (MGU). Brian Thornton, the new president of ProWriters and a 13-year veteran of the insurance industry, has acquired the …
Firmer insurance prices and an upward trend in agency revenues are signs of good times for most independent agencies. These same trends, however, are reflected in today’s insurance market for agency errors and omissions coverage where they can pose challenges …
Alterra Capital Holdings Limited’s subsidiary Alterra America Insurance Co. has entered into a long-term partnership with Ullico Casualty Group, Inc. (UCG), a subsidiary of Ullico Inc., that will allow Alterra to participate in the U.S. multiemployer and governmental fiduciary liability …
Victor O. Schinnerer & Co., a managing general underwriter, is adding to its professional liability offerings with a new miscellaneous professional liability (MPL) insurance program for small businesses. Schinnerer serves as the access point for retail agents and brokers on …
Commercial insurance prices experienced the largest rise in eight years, a new industry survey reveals. In aggregate, commercial lines pricing jumped by 6 percent during the second quarter of 2012, the sixth consecutive quarter aggregate prices rose for all commercial …
The Bermuda-based Catlin Group Limited announced that Daniel Curran has been appointed Head of Casualty for Catlin’s London based underwriting operations. He will have responsibility for “a wide range of business classes underwritten by the Catlin Syndicate at Lloyd’s and …
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