Monthly Archives: <span>April 2011</span>

Ironshore Environmental Enhances Pollution Program for Education Sector

Ironshore Inc.’s Environmental Insurance unit has enhanced its asset-class specific Site Pollution Incident Legal Liability Select (SPILLS) suite of products to address risk exposures within the education sector, including public and private K-12 schools, colleges, universities and other educational facilities. …

Statewide Insurance Expands Contractors Insurance to Oregon

Pasadena, Calif.-based Statewide Insurance Brokers, a broker of contractors insurance for general liability, workers’ compensation, commercial vehicle coverage and bonds, has added Oregon to the states the company is licensed to operate in. In addition to contractor general liability insurance, …

MetLife Auto & Home Enhances Personal Lines Policy for North Carolina Residents

MetLife Auto & Home has introduced a number of product and coverage enhancements, including the launch of GrandProtect, its personal lines policy package, to residents of North Carolina. The enhancements are effective immediately for new customers and May 31 for …

Oklahoma Governor Seeks Federal Declaration for Atoka Tornado

Gov. Mary Fallin is seeking a federal disaster declaration for Atoka County in the wake of a deadly tornado that swept through the southeastern Oklahoma town of Tushka. Two people were killed and 43 others were injured when the tornado …

The Hanover to Pay $510M for UK Insurer Chaucer

A half-billion dollar deal that would make Lloyd’s insurer Chaucer part of Massachusetts-based The Hanover appears all but done. Terms of the transaction, announced this morning, involve a cash-for-stock swap valued at $510 million, which The Hanover said it plans …

Ohio Non-Insured Property Exclusion Case Sent Back to Lower Court

The Supreme Court of Ohio has ruled that a trial court must reconsider arguments in a lawsuit over an exclusion in a homeowners’ insurance policy that bars coverage for claims “arising out of” premises that are owned by an insured …

Calif. To Provide Workers’ Comp E-Billing

California’s Division of Workers’ Compensation (DWC) has adopted new regulations for standardized paper billing forms and electronic billing standards, making it one of the first states in the country to provide for e-billing in workers’ compensation, according to DWC Chief …

Calif. Workers’ Comp Insurers’ Net Worth Declining

California workers’ compensation insurer returns continue to dwindle, with recent National Association of Insurance Commissioners (NAIC) data showing their return on net worth falling from 7 percent in 2008 to 4.6 percent in 2009. Those figures move the Golden State …

Tremblor Shakes SF on Anniversary of 1906 Quake

A small earthquake centered near San Francisco rattled the area hours after a ceremony was held to mark the anniversary of the 1906 earthquake and fire that destroyed much of the city. The U.S. Geological Survey says the April 18 …

Woman Admits She Embezzled $490K from Employee Benefits Fund

A Tennessee woman told a federal judge in Baton Rouge, La., that she embezzled over $491,000 in benefits intended for employees of union contractors in five states. Theresa Waters, 45, of Murfreesboro, pleaded guilty to one count of embezzlement from …