Lighthouse Underwriters, an Anandale-Va.-based program underwriting company, announced that Sean Gormley has been promoted to senior vice president. In this position he will be responsible for the day-to-day operations at Lighthouse. Lighthouse recently was acquired by U.S. Risk Insurance Group, …
The recent announcement by the three major consumer credit reporting agencies that they have created a new credit scoring system aimed at simplifying the loan process likely will not have a major impact on insurers’ current use of credit in …
Community BanksNuts & Bolts: OneBeacon Insurance, working with select independent insurance agents, has developed a solution for the increasingly complex risks of community banks through a combination of coverages designed specifically for these financial institutions and broader property and casualty …
Whether you want to blame the recent bombardment of tornadoes, hail storms and spring blizzards on global warming or just plain bad luck, the Midwest already has had more than its fair share in 2006. The storm of March 12, …
While Italians sadly said farewell to the Torino 2006 XX Olympic Winter Games, held Feb. 10-26, insurers are happy the event came and went without a hitch. For the first time, the International Olympic Committee purchased an event cancellation policy …
Since St. Paul Travelers, one of the largest commercial medical malpractice companies, decided to exit the marketplace, the debate about medical malpractice reform has been raging in state capitals throughout the country. Physicians, attorneys, insurance companies, consumer groups and government …
Maine Gov. John Baldacci has signed a law that clarifies the process of cleaning up credit reports of people who become identity theft victims. The law takes effect later this year. Rep. Carol Grose’s clarifies that information that goes in …
Hurricane Katrina lawsuits are multiplying and it’s not just insurance companies that are defendants. Oil companies, mortgage brokers, a shipping firm and a debris removal contractor have all been sued. One lawsuit seeks to cover all the bases. Gerald Maples, …
Commercial risks catastrophe cover Nuts & Bolts: International Catastrophe Insurance Managers and National Fire and Marine Insurance Company have launched a new catastrophic coverage product for commercial special risks. The product features earthquake policies for businesses with unique underwriting requirements …
The decision by the three major consumer credit reporting agencies to create a more uniform credit scoring system is not expected to have a major impact on insurers’ use of credit in rating personal lines insurance policies, although some think …
