Nuts & Bolts: The Mariner Insurance Group Inc. has available a program for rowing shell insurance for individuals, clubs, schools and universities. The program is on a brokerage basis. Endorsements—Oars and Electronics. Dollars: Policy limits are acv on hull; deductibles …
Nuts & Bolts: O’Donovan & Associates Inc. is offering a program for mechanized timber harvesting—Auto, GL, Prop, Umb. Endorsements—Loggers. Available on an appointment-only basis. Dollars: Policy limits of $1,000,000, deductibles vary. Carrier: Royal & SunAlliance. Rated States Available: Ala., Ark., …
Nuts & Bolts: Confluent Insurance is offering a workers’ comp program on a “Pay-As-You-Go” program that calculates premium each time an employer issues payroll. Effectively the workers’ comp insurance becomes part of the weekly, bi-weekly, monthly payroll. The program allows …
A.M. Best Co. maintained the “A-” (Excellent) financial strength rating of the Lloyd’s market after the recent announcement of a 2001 loss of GBP 3.11 billion, on an annually accounted basis. To date, Lloyd’s has accounted on an underwriting year …
S&P placed its “A+” counterparty credit and financial strength ratings on the members of United Fire Group and United Life Insurance Co. on CreditWatch with negative implications after the year-end 2001 review indicated that the group’s capitalization and earnings adequacy …
S&P assigned its “R” financial strength rating to Alistar Insurance Co. after learning that the California Department of Insurance applied for and was granted a conservation order for the company by the Fresno County Superior Court. The Conservation and Liquidation …
S&P removed from CreditWatch and affirmed its “A-” counterparty credit and insurer financial strength ratings on U.K.-based CNA Insurance Co. (Europe) Ltd. (CIE) and CNA Insurance Co. Ltd. (CI) following the approval by the appropriate U.S. regulator of a guarantee …
Standard & Poor’s revised its financial strength rating on Petrosurance Casualty Corp. to “R” after learning that the Oklahoma County District Court granted Insurance Commissioner Carroll Fisher’s petition to place the company into receivership. The ruling was based on the …
A Stephens County, Texas grand jury has indicted Eric Beaver on felony charges stemming from workers’ compensation fraud. Beaver allegedly took $4,686.98 in temporary income benefits (TIBs) from Texas Mutual Insurance Company after his eligibility for the benefits expired. He …
Louisiana Governor Mike Foster signed a bill allowing insurers two rate filings before the Louisiana Insurance Rating Commission (LIRC). The new law also allows insurers to revert to previous lower or higher rates after being granted permission to charge a …
