Pennsylvania Insurance Commissioner Diane Koken announced she will stop sending insurance agents’ fingerprints to a national repository, just days after a bill backed by the state’s independent agents that would have prohibited the state’s participation was introduced in the Pennsylvania …
The Mississippi lawsuit to force insurance companies to pay for damage caused by storm surge has been remanded back to the state’s Chancery Court of Hinds County. Since the state is seeking injunctive relief, the remand means the case will …
Community Banks Nuts & 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 …
Lloyd’s of London has selected an insurance outsider, Richard Ward, former head of the London-based International Petroleum Exchange, as its new chief executive officer. He spent six years as CEO of IPE, which has been re-branded as ICE Futures, in …
The proper allocation and remittance of surplus lines premium taxes to the states on multi-state risks has been the most vexing problem faced by surplus lines brokers during the nearly 116 year history of the industry. In recent years, the …
When discussing insurance coverages for the Oil and Gas operator the term that really should be employed is “contracts/coverages,” because it is nearly impossible to separate the two–they go hand in hand. The basic coverages for the operator working over …
Not Your Typical Bank,” the slogan used by Citizens Financial Group in its consumer ads, seems to apply to the bank’s latest move, the selling off of its respected insurance agencies. It is not a typical sale. The bank did …
There are common problems that may arise in the provision of coverage for Oil & Gas operators. Among those for which the broker should be on the lookout are: The International Association of Drilling Contractors Drilling Contract makes the operator …
Insurance professionals probably spend more time in more meetings than just about any other employees. While some thrive on meetings, not everybody does. According to a new study, meetings may be harder on those who are task-oriented than those who …
American International Group Inc. (AIG) announced that a wholly-owned subsidiary company is acquiring Travel Guard International, a national provider of travel insurance programs and emergency travel assistance, from the Noel Group of Stevens Point, Wisc. Financial terms of the acquisition …
