May 27, 2002
Nuts & Bolts: Union General is offering coverage for social service professionals who work as counselors, social workers or psychologists. Separate limits are available for professional and general liability. Dollars: Limits up to $2,000,000 per occurrence/$3,000,000 aggregate are available. Carrier: …
May 27, 2002
Nuts & Bolts: Arrowhead Wholesale Brokerage has available a program for non- profit social service. Endorsements-professional liability, sexual abuse. Brokerage business. Dollars: Policy limits are property as needed; liability $1/3 million, umbrella $5 million. Deductibles are standard. Carrier: ACE USA, …
May 27, 2002
Nuts & Bolts: Carnegie General Insurance Agency has available a program for non-standard auto. The program includes Nation Safe Driver Motor Club membership. Approved brokers. Dollars: Policy limits of 15/30/5 or 15/30/10; deductibles of $250, $500, $1,000 or $5,000. Carrier: …
May 27, 2002
Nuts & Bolts: Cascade/Amstar has available a program for builders risk, equipment floaters, EDP, installation floaters and other miscellaneous floaters. Reporting options available, broadcast towers, poultry property market and other miscellaneous property floaters. Endorsements-optional earth movement, flood, testing, pollution clean …
May 27, 2002
A.M. Best Co. has placed the financial strength rating of “A” (Excellent) for Caliber One Indemnity Company, Wilmington, Del., under review with negative implications. The rating action follows the May 1 earnings release of Caliber One’s ultimate parent, PMA Capital …
May 27, 2002
S&P affirmed its “AA+” counterparty credit and financial strength ratings on Amica Mutual Insurance Co. and its wholly owned subsidiaries Amica Lloyds of Texas and Amica Life Insurance Co. The affirmation was based on Amica’s strong market position, excellent customer …
May 27, 2002
Standard & Poor’s lowered to “A” its counterparty credit and financial strength ratings on the members of United Fire Group and its affiliate United Life Insurance Co. and changed the companies’ CreditWatch status to developing. S&P also assigned its “BBB+”rating …
May 27, 2002
Although the events of Sept. 11 accelerated the increase in U.S. commercial real estate insurance premiums, property and casualty insurance costs had already begun rising in 2000, independent of terrorism-coverage costs, according to analysts from Standard & Poor’s. Over the …
May 27, 2002
A Texas appellate court has ruled that insurers have no authority to audit medical bills, a move that could hobble their ability to prevent fraud and keep down workers’ compensation costs, according to the American Alliance of Insurers. In the …
May 27, 2002
The Independent Insurance Agents of Texas’ annual convention will be held June 13-14 at the Westin Galleria Hotel in Houston. IIAT promises a jam-packed two days of continuing education workshops, one-on-one consultation sessions, a huge trade show and the ever-popular …