A California lawyer who attempted to sink his $1.9 million yacht will continue to serve jail time after a federal appeals court upheld his conviction, according to the Associated Press. Rex DeGeorge was convicted in March 2002 in Los Angeles …
Nuts & Bolts: ACE USA’s Global Terrorism Unit is introducing a new insurance policy that protects businesses from losses caused by the need to evacuate their premises due to a threatened terrorist attack. The policy protects companies from loss of …
Nuts & Bolts: Florida-based XN Financial Services announced it will offer health insurance products and services to foreign nationals traveling in the U.S. through RCM&D, an Assurex Partner located in Baltimore, Md. The “Visitors From Abroad” program is reportedly designed …
Nuts & Bolts: Philadelphia Ins. Cos. has a new “Amateur Sports Facilities” program. This product joins a series of products designed for the sports and recreation market including Fitness Centers, Martial Arts Schools and Bowling Centers. The policy provides coverage …
Nuts & Bolts: Sandy, Utah-based Prime Ins. Syndicate Inc. is offering excess and surplus lines products to contractors and developers, including contractor’s liability coverage for property/casualty in both residential and commercial business and general liability coverage for premises, work performed …
Nuts & Bolts: AXIS U.S. Insurance’s excess and surplus property unit is now offering property insurance coverage for U.S.-based lumber, wood products and furniture risks. The underwriting of this specialized business includes logging operations, sawmills, planing mills, manufacturers of wood …
Nuts & Bolts: NIF Weather Risk Management, a division of NIF Group Inc. of Manhasset, N.Y., introduced a new series of financial weather products for companies and municipalities in all 50 states. The coverage is priced based on deviations from …
Nuts & Bolts: Hull & Company announced its new GL product (occurrence form) for California custom homebuilders. Target businesses include high-end custom homebuilders and builders with less than 10 individual homes per year. Underwriting information required: ACORD form, JHI 2004 …
Nuts & Bolts: Salmen Insurance Services announced it now offers excess liability coverage. Writing over A, B, NON-Rated and RRG underlying policies. Contractors and artisan GL only. Dollars: Policy limit of $1 million, $1,000 -$5,000 deductibles available and a minimum …
The city of Lake Havasu, Arizona has been told by its insurance company that its policy will not be renewed, apparently because the carrier fears too much liability related to carbon monoxide at the lake. The city received a non-renewal …
