Nuts & Bolts: TechVantage, Victor O. Schinnerer’s E&O program for technology professionals, has a new policy form that provides basic coverage to smaller firms at a lower premium and deductible. The TechVantage Basic Form is a claims-made policy that covers …
Nuts & Bolts: The Princeton Agency/United Underwriting Agency is offering a market for monoline workers’ compensation. Dollars: EL up to $1M/$1M/$1M. No minimum premium up to $50,000. Carrier: Rochdale Insurance Company, Technology Insurance Company, The Hartford, The Guard. Rated “A-” …
Nuts & Bolts: Helix Insurance has a market available for healthcare environmental liability. Dollars: $1 million per claim/$5 million Agg. Deductibles of $0 physician groups/$5,000 institutions. Minimum premium of $2,000. Carrier: USF Insurance Co., “A”-Rated. Non-admitted market. States Available: Alabama, …
Nuts & Bolts: Sugar Land, Texas-based Southwest Energy Underwriters Inc. (www.sweu.net) has a non-admitted market for Control of Well insurance. Available on a brokerage basis. Dollars: Policy limits vary. Carrier: Chubb Custom Insurance Company States Available: Texas, Oklahoma, New Mexico …
Nuts & Bolts: General Fire & Casualty Company (www.genfireins.com) launched a new livestock insurance product, The CattleGuard. The policy provides coverage for loss involving certain diseases, such as FMD (foot-and-mouth disease), BSE (aka “mad-cow” disease), hydrophobia (rabies), anthrax (charbon or …
After pleading no contest to a charge of driving while intoxicated, Oklahoma Insurance Commissioner Carroll Fisher agreed to give up his official state car, according to Associated Press reports. He was driving his state car when he was pulled over …
The Austin Association of Insurance Professionals (AAIP) launched a new Web site at www.aaip.info. The group said the new site was developed to assist in its mission to broaden the knowledge of insurance and to cultivate, endorse, and foster goodwill …
Despite the fact that driver distractions are a major reason for car accidents many people continue to use risky behavior while driving, according to a survey recently released by Allstate Insurance Company. Five percent of drivers surveyed said they drive …
Texas Mutual Insurance Company reported that Raymond Hicks of Del Valle, Texas pleaded guilty to workers’ compensation fraud before the 147th Travis County District Court in Austin. He received a sentence that included $8,212.60 in restitution to Texas Mutual, a …
At the recent Texas Department of Insurance (TDI) hearing on insurance scoring and territorial rating rules, insurers expressed their support for proposals they believe will ensure consumers are charged premiums that reflect their risk characteristics, according to the National Association …
